Russia’s brutal war against Ukraine has disastrous consequences for the country. Although an end to the war is currently not in sight, it is already clear that a huge international effort will be required to support Ukraine’s reconstruction. At the Ukraine Recovery Conference in July, the...

Purpose This paper reviews the literature on zombie firms to provide a holistic view by delineating their formation, impact, widespread nature, prevention and policy implications. Design/methodology/approach This paper uses a systematic literature review methodology, in which 76 papers published...

Russia pushes for the "Russification" of the territories it occupies in Ukraine. Its policy is aimed at turning them into a military fortress against Ukraine. The declared aim of the economic restoration measures is to make the territories self-sufficient "parts of the Russian Federation". Their...

Does an increase in lending by multinational development banks affect the private lending activity in developing countries? We show that this is indeed the case using data on loans and investments by the European Investment Bank (EIB) in combination with data on syndicated loans. We find that a...

This paper offers an analytical narrative based on an assurance game with two separate populations in an evolutionary setting. In our model, Donors and Recipients are two populations; let us call them Europe and Ukraine. The donor population has two types. A proportion of this population wants...