Search results for Financial Economics
Monetary Policy Puzzle in the Presence of a Negative TFP Shock and Unstable Expectations
The Belarusian economy has given birth to a very interesting phenomenon of extremely high real interest rates in a prolo…
Read policy brief
Operating and Financial Hedging: Evidence from Trade
There is a large and growing literature that has modeled how real policies affect and interact with financial policies.…
Read policy brief
Does Product Market Competition Cause Capital Constraints?
At the very center of Schumpeter’s (1934, 1942) notion of creative destruction is firms’ access to bank capital, which h…
Read policy brief
Time to Worry about Illiquidity
At a time when central banks have injected unprecedented amounts of money, worrying about illiquidity may appear odd. Ho…
Read policy brief
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 int…
Read policy brief
Effects of International Taxation on Firm Valuation: Evidence from Japan’s 2009 Tax Reform
This brief highlights the results of a study of Japan’s 2009 adoption of a territorial tax regime exempting corporations…
Read policy brief
Governance Quality as a Determinant of FDI: the Case of Russian Regions
This brief highlights the results of a study of the effect of poor governance quality on foreign direct investment in Ru…
Read policy brief
Hedge Funds Non-Transparency: Skill of Risk-Taking?
This policy brief raises the issue of whether the secretive nature of hedge funds allows funds to misbehave and take exc…
Read policy brief
More Commitment is Needed to Improve Efficiency in EU Fiscal Spending
The member states of the European Union coordinate on many policy areas. The joint implementation of public good type pr…
Read policy brief