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This paper studies the impact of political risk on exchange rates. We focus on the Brexit Referendum as it provides a natural experiment where both exchange rate expectations and a time-varying political risk factor can be measured directly. We build a simple portfolio model which predicts that...
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Ensuring fiscal sustainability in the Member States of the European Union has become an extremely important goal in the current economic context. The formulation of appropriate policies can lead to fiscal consolidation, and the manifestation of a fiscal shock with direct implications on national...
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in the cocoa sector from the context of pesticide regulations. Such regulations are now increasingly common, due to their … perceived benefits for humans, animals, and the environment. The results of our study show that cocoa-exporting countries stand … standard or its variants, cocoa-exporting countries need to diversify into different markets to balance quality and quantity …
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