The paper focuses on selective investment incentives. The main aim is to discuss question how to quantify net fiscal impact properly. As shown, the problem is not trivial - the proper quantification presupposes using of several parameters, accounting of costs in the economic sense of this word...

This paper discusses environmental policies in response to foreign direct investment (FDI) in a symmetrie two-country setting, where firms' behavior affects government policy decisions. We show that two alternative equilibria with FDI are possible: (i) one with unilateral FDI, where one firm is...

The article discusses different causes of financial crises and shows that the imputation of reinvested profits of the subsidiaries of foreign firms as a debit item on a host country's balance of payments account tends to overstate the current account deficit and to make the host country seem...

Serbian Abstract: Кao и билo кojи пoрeз други пoрeз, и ПДВ je пoдлoжaн пoрeскoj eвaзиjи и пoрeскoj утajи. Tрeбa рeћи дa сaм њeгoв кoнцeпт крeдит – пoврaћaj нуди jeдинствeну мoгућнoст злoупoтрeбe,...

Turkish Abstract: Küreselleşme ile birlikte döviz kuru hareketleri sadece finansal kuruluşlar değil aynı zamanda reel sektör firmaları için daha önemli hale gelmiştir. Döviz kuru riski finansal olmayan firmalarda hem varlıklar hem de kaynaklar açısından önemlidir. Maruz kalınan...