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Business and Economics > Investments: Stocks

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Latvia, Republic of x
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Cover IMF Working Papers
Banks’ Adjustment to Basel III Reform: A Bank-Level Perspective for Emerging Europe
Michal Andrle
,
Vladimír Tomšík
, and
Mr. Jan Vlcek
The paper seeks to identify strategies of commercial banks in response to higher capital requirements of Basel III reform and its phase-in. It focuses on a sample of nine EU emerging market countries and picks up 5 largest banks in each country assessing their response. The paper finds that all banking sectors raised CAR ratios mainly through retained earnings. In countries where the banking sector struggled with profitability, banks have resorted to issuance of new equity or shrunk the size of their balance sheets to meet the higher capital-adequacy requirements. Worries echoed at the early stage of Basel III compilation, namely that commercial banks would shrink their balance sheet by reducing their lending to meet stricter capital requirements, did materialize only in banks struggling with profitability.
Keywords:
WP; bank; net income; balance sheet; asset; capital adequacy; Basel III; banking sector assets; cost of capital; capital adequacy ratio dynamics; increase in capital capital ratio; balance sheet growth; CAR decomposition; Income; Capital adequacy requirements; Commercial banks; Financial statements; Stocks; Europe; Baltics; Global
Cover Staff Discussion Notes
Tax Biases to Debt Finance: Assessing the Problem, Finding Solutions
Ruud A. de Mooij
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Keywords:
SDN; CIT rate; debt issuance; income tax; cost of capital; debt-equity choice; intracompany debt; debt holder; debt-asset ratio; debt level; pre-existing debt; Debt bias; Corporate income tax; Allowance for corporate equity; Comprehensive business income tax; Stocks; Europe