We analyze the role of debt in corporate governance with respect to a large emerging economy, India, where debt has … been an important source of external finance. First, we examine the extent to which debt acts as a disciplining device in …-affiliated and non-affiliated companies to see if the governance role of debt is sensitive to ownership and control structures …

literature on exchange rates has concluded that nominal prices can be assumed to be rigid, which thus opens the door to short …, we show that in an environment of floating exchange rates, almost instantaneous short-term international arbitrage is …

literature on exchange rates has concluded that nominal prices can be assumed to be rigid, which thus opens the door to short …, we show that in an environment of floating exchange rates, almost instantaneous short-term international arbitrage is …