In this paper we revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we develop a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our...

In their 2014 article in the British Journal of Political Science, Eleanor Neff Powell and Joshua A. Tucker examine the determinants of party system volatility in post-communist Europe. Their central conclusion is that replacement volatility – volatility caused by new party entry and old party...

Utilizing Arellano and Bond (1991) panel-GMM estimator model, this paper investigates dynamic interactions between financial system, through bank/stock market development, and economic growth volatility in overall/specific country group levels for 47 developed/developing/transition countries...