Why junior ministers? What function do they serve? Two explanations dominate the literature. Both focus on the role of junior ministers in coalition formation and coalition management. One approach sees junior ministers as instruments for controlling policy, the other as a means to solve or ease...

We examine how global institutional funds respond to news-based economic policy uncertainty (EPU) in the investment destination and home country. We document a number of novel findings. First, on an average there exists a negative flow-EPU relationship for global funds. Second, we document a...

Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy Uncertainty" is to highlight some areas of research in...