It is often assumed that international labor migration from Tajikistan, while having no noticeable effects on investment (usually defined as medium and long-term con- sumption, such as education, or investment into housing or business), on average leads to an increase in short-term consumption,...

We investigate the effects of regional and industrywide foreign presence and foreign direct investment (FDI) on export volumes of Ukrainian manufacturing firms using unpublished panel data from 19962000. Foreign presence through FDI may have negative competition effects on domestic firms'...

This study is intended to assess the introduction of increased capitalization requirements for Ukrainian insurance firms. To do so, we employ up-to-date frontier efficiency analysis The analysis suggests that an increase in size occurs not only because of the regulator's requirements, but also...

Our study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic uncertainty. This proposition is tested using a panel of...

This paper is a comprehensive investigation of calendar anomalies in the Ukrainian stock market. It employs various statistical techniques (average analysis, Student's t-test, ANOVA, the Kruskal-Wallis test, and regression analysis with dummy variables) and a trading simulation approach to test...

This paper provides some new empirical evidence on the weekend effect (one of the best known anomalies in financial markets) in Ukrainian futures prices. The analysis uses various statistical techniques (average analysis, Student's t-test, dummy variables, and fractional integration) to test for...

In this paper we investigate the effects of region and industrywide spillovers from foreign direct investment (FDI) on the volumes of export of Ukrainian manufacturing firms, using (name of the data set) panel data from 1996-2000. Economic theory suggests that FDI has direct and indirect effects...