This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions with narrative sign restrictions related to the Plaza Accord. We find that the...

The outward Foreign Direct Investment is important for the sustainability of the banking sector’s development of China. The paper examines the location determinants of outward Foreign Direct Investment by state-owned Chinese banks during 2003-2015 with a set of negative binomial panel...

This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions broadly following Forbes(2018) with the narrative sign restrictions related to the...

The literature remains divided on the impact of governance on migration. This paper aims to contribute to this debate by examining the effect of corruption, along with other governance qualities, on brain drain using data from 130 countries. To address the issue of endogeneity, we utilize a...