We document the presence of significant liquidity costs in Spanish sovereign debt auctions: the larger the auctioned amounts, the lower the issuance price relative to secondary market prices. Motivated by this evidence, we characterize the optimal debt-maturity management problem of a government...

This essay studies China’s bond market development by reviewing the main characteristics of the onshore market and important liberalization steps. It also describes recent trends in debt portfolio investment flows into China by non-resident investors. The simple theoretical framework for push...

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

Climate change is one of the greatest economic challenges of our time. Given the scale of the problem, the question of whether a carbon tax should be introduced is hotly-debated in policy circles. This paper studies the design of a carbon tax when environmental factors, such as air...

This year the conference theme is “Pursuing Innovation for a Smart & Sustainable Future”. Our idea is to nurture discussions on some of the hottest topics for the years to come, in order to get insight into how innovation can foster a sustainable future - at the economic, environmental and...

The young academics workshop is organized by CIYA (Continuous Innovation Young Academics) and is conceived as a way to support the career development of young scholars in the field of continuous innovation by teaching and sharing with them major skills needed in an academic career. The theme and...

The CINet PhD workshop offers PhD students a unique possibility to present and discuss, receive feedback, and exchange comments and views on their research in an inspiring academic community of fellow PhD students and experienced researchers active in the CINet community. The CINet PhD workshop...

EurOMA is an international network of academics and practitioners from around the world who have a common interest in the continuing development of Operations Management. The theme of the 2022 EurOMA conference in Berlin, Germany is: “Brilliance in resilience: operations and supply chain...

Continuous innovation, the basis for sustainable success, requires companies to combine continuity and innovation in several different ways. The objective of the CINet PhD seminar on “researching continuous innovation” is to help students mastering the process of getting from a research...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...