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...

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...

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...

A conference on economic policy in the times of COVID-19, with special emphasis on monetary policy in Advanced and Emerging Market Economies. The main purpose of the conference is to stimulate the discussion of research on current monetary policy issues, including its interactions with other...

In light of the on-going uncertainty due to the COVID-19 pandemic, EUROMA 2021 will offer a blended conference experience, with a full programme for those able to attend in person and virtual participation in certain areas of the conference for those who cannot. Conference theme: "Managing the...

The EurOMA Doctoral Seminar provides PhD students with a forum to present and discuss their research, and an opportunity to get feedback from and exchange comments with fellow PhD students and established researchers in Operations Management.

he theme for the 2020 EurOMA conference is “Managing Operations for Impact” which acknowledges that in today’s challenging times scholars should be both relevant and rigourous. This theme both celebrates the roots of our subject as a practical endeavour and looks forward to the way in...