In this paper, the time-frequency dependency of political risk as well as economic and financial risks is explored in Venezuela using quarterly data from 1984Q1 to 2018Q4. The present study uses the wavelet coherence technique, which allows the investigation of both the long and short-term...

This study aims to capture the co-movement between political risk and economic growth in Cyprus employing quarterly data over the time period between 1995Q1 and 2018Q4, adopting a wavelet coherence technique allowing to investigate both the short and long run causal link between economic growth...

In this study we investigate how both local environment and individual characteristics explain incidence of corruption. More specifically, we explore how city size, and residing in a capital city influence the two aspects of corruption, notably in individuals' contact with officials, and in the...

Most cities enjoy some autonomy over how they tax their residents, and that autonomy is typically exercised by multiple municipal governments within a given city. In this chapter, we document patterns of city-level taxation across countries, and we review the literature on a number of salient...

As many countries are seeing the first signs of recovery from the COVID-19 pandemic, they are also shifting their policies from limiting the immediate economic impact of the pandemic on households and businesses to designing strategies that will revive long-term growth. Systemic challenges, such...

This paper reproduces a chapter from the author’s 2018 PhD thesis ‘The Digital Donga: Universal Access and Service in South Africa (1994 - 2014)’. The author’s subsequent book Regulating Telecommunications in SA: Universal Access & Service was published by Palgrave Press in 2020, and can...

As an embodiment of collaborative governance model, metropolitan planning organizations in the United States allocate federal, state, and local funds to member municipalities for transportation projects across their regions. To examine how institutional rules and power shape where public...

With the recent development of the European debt crisis, traditional index bond management has been severely called into question. We focus here on the risk issues raised by the classical market-capitalization weighting scheme. We propose an approach to properly measure sovereign credit risk in...

We show that the slight possibility of a macroeconomic disaster of moderate magnitude can explain important features across credit, option, and equity markets. Our consumption-based equilibrium model captures the empirical level and volatility of credit spreads, generates a flexible credit term...

Reducing emissions from deforestation and degradation (REDD) has been proposed as a potentially inexpensive and plentiful source of emission abatement to supplement other longterm climate policies. However, critics doubt that REDD credits are environmentally equivalent to domestic emission...