FREE Policy Brief

Russia and Oil — Out of Control

Torbjörn Becker, SITE

FREE Policy Brief

And the Lights Went Out – Measuring the Economic Situation in Eastern Ukraine

Tom Coupe, KSE/KEI
Michał Myck, CenEA
Mateusz Najsztub, CenEA

FREE Policy Brief

Global Inequality – What Do We Mean and What Do We Know?

Jesper Roine, SITE

FREE Policy Brief

Spatial Wage Inequality in Belarus

Aleh Mazol, BEROC

FREE Policy Brief

Expanding Leniency to Fight Collusion and Corruption

Reinaldo Diogo Luz, UFMG Law School
Giancarlo Spagnolo, SITE

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Time to Worry about Illiquidity

At a time when central banks have injected unprecedented amounts of money, worrying about illiquidity may appear odd. However, if poorly understood and unaddressed, illiquidity could be the foundation of the next financial crisis. Market liquidity is defined as the ease of trading a financial...
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Is Local Monetary Policy Less Effective When Firms Have Access to Foreign Capital?

Central banks affect growth in part by raising or lowering the cost of investment through their influence over local interest rates. We examine whether the ability of local firms to raise money abroad reduces the influence of local monetary policy authorities. Surprisingly, it does not....
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