This paper investigates the effect of electronic payments technology on firms’ tax compliance in a large developing economy. We consider India’s demonetization policy which, by limiting the availability of cash, led to a large increase in the use of electronic forms of payments. Using...

This paper investigates the effect of electronic payment technology on tax compliance in a large developing economy. We consider India's demonetization policy which, by limiting cash availability, led to a large increase in the use of electronic forms of payments. Using administrative data on...

We analyze the effect of mandatory financial transparency on corporate tax avoidance. Capital Requirements Directive IV by the European Commission required multinational banks to publish key financial and tax data in the form of public Country-by-Country Reporting. We examine tax avoidance of...

"When the world economy is facing serious difficulties such as now, the management of Japanese corporations is attracting attention from all over the world. In coping with rapid changes in the environment, Japanese management techniques and legal practices continue to change. In the era of...

This paper uses cross-country firm-level data to explore the impact of U.S. monetary policy shocks on firms' sales, investment, and employment. We estimate a sizeable impact of U.S. monetary policy on the average foreign firm, while controlling for other macroeconomic and financial variables...

The escaped savings are critical for the cycle of money, as express the amount of money which leak from an economy and not return back to make more economic cycles. This paper is about the comparison of the cycle of money including the escaping savings and without the escaping saving. Then, it...