Harry Huizinga

Financial Structure and Bank Profitability

Countries differ in the extent to which their financial systems are bank-based or market-based. The financial systems of Germany and Japan, for exampl...

Determinants of Commercial Bank Interest Margins and Profitability

Some International Evidence

March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and tax...

Market Discipline and Financial Safety Net Design

It is difficult to design and implement an effective safety net for banks, because overgenerous protection of banks may introduce a risk-enhancing mor...

Official Credits to Developing Countries Implicit Transfers to the Banks

The stock market expects virtually all additional resources provided to debtor countries to be used for debt service to commercial banks. The stock ma...

The Financing and Taxation of U.S. Direct Investment Abroad

...

Thin Capitalization Rules and Multinational Firm Capital Structure

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affil...

How Does Foreign Entry Affect the Domestic Banking Market?

June 1998 Does the entry of foreign banks make domestic banks more competitive? This study shows that, in developing countries, increasing the number ...

Privatization, Public Investment, and Capital Income Taxation

...

Capital Structure and International Debt Shifting

This paper presents a model of a multinational firm's optimal debt policy that incorporates international taxation factors. The model yields the predi...

How Has the Debt Crisis Affected Commercial Banks?

...

Financial Structure and Bank Profitability

...

Accounting discretion of banks during a financial crisis

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related...

The Taxation Implicit in Two-Tiered Exchange Rate Systems

A two-tiered exchange rate system can be interpreted as a set of separate taxes on money and other financial assets. If the official two-tiered exchan...

Withholding Taxes and International Bank Credit Terms

International differences in withholding tax rates on interest payments on international loans are reflected in bank credit terms. As a result of the ...

Are There Synergies Between World Bank Partial Credit Guarantees and Private Lending?

August 1997 One test of the efficacy of World Bank partial credit guarantees is whether they lower the interest rate and lengthen the effective maturi...

Barriers to Portfolio Investments in Emerging Stock Markets

...

Is Coordination of Fiscal Deficits Necessary?

...

The Financing and Taxation of U.S. Direct Investment Abroad

A reduction in average tax rates on U.S. investment abroad and a relative shift of U.S. investment toward industrial countries, rather than developing...

Withholding Taxes and the Cost of Public Debt

...

Are There Synergies between World Bank Partial Credit Guarantees and Private Lending?

One test of the efficacy of World Bank partial credit guarantees is whether they lower the interest rate and lengthen the effective maturity of the pa...

Privatization, Public Investment, and Capital Income Taxation

An investigation of the o ......

Short-term and Long-term Government Debt and Non-resident Interest Withholding Taxes

...

Witholding Taxes and the Cost of Public Debt

Several industrialized countries impose withholding taxes on public interest accruing to nonresidents. This paper examines the international incidence...

Privatization, Public Investment, and Capital Income Taxation

March 1997 An investigation of the optimal boundary between public and private production. Huizinga and Nielsen investigate the optimal boundary betwe...