Arbeitspapier
International debt and special purpose entities: Evidence from Ireland
This paper examines international debt issuance through Irish-resident Special Purpose Entities (SPEs). Using a unique new dataset covering the population of Irish-resident SPEs reporting to the Central Bank of Ireland over the period 2005-2017, we identify cross-country debt financing links channelled through SPEs. The empirical analysis suggests that tax optimisation is an important motive, particularly for sponsors of Irish-resident securitisation vehicles, while investor protection and financial development are important additional considerations for sponsors of non-securitisation vehicles.
- ISBN
-
978-92-899-3563-0
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2301
- Klassifikation
-
Wirtschaft
Financial Aspects of Economic Integration
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
International Financial Markets
- Thema
-
international finance
special purpose entities (SPEs)
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Galstyan, Vahagn
Maqui, Eduardo
McQuade, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2019
- DOI
-
doi:10.2866/440982
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Galstyan, Vahagn
- Maqui, Eduardo
- McQuade, Peter
- European Central Bank (ECB)
Entstanden
- 2019
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