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This paper explores how affiliates of multinational corporations save liquidity when facing a transitory cash-flow shock. For this a panel is first built of non-publicly traded copper mines in South America between 2001 and 2012, most of them set up as Foreign Direct Investment (FDI). This...
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markets can make the transition more efficient; 3. In some areas, a too-narrow focus on competition can be detrimental, and … three levels of intervention: 1) competition rules and enforcement should be adjusted to meet the new challenges of the … benefits of competition for efficient resource allocation in the transition. Institutions should not focus solely on static …
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