Four essays, or chapters, model the capital structure, governance, and investment decisions as part of a sequential game. Each chapter is separate in its context, assumptions, and conclusions. The titles of the chapters are below.Abstracts of each essay or chapter can be found at the beginning...

The prevalence of non-monetary transactions (NMT) in the Ukrainian economyis a phenomenon attributable to its transition to a market system. Major types ofNMT are barter transactions, offsets and payment in kind. Non-monetary transactionsare widespread in agriculture.The aim of this research is...

This paper explores how microfinancial intermediation can be effectively promoted in rural areas to alleviate poverty and increase incomes for economic development. First, the inherent interdependencies in financial intermediation are addressed since they have historically inhibited the...

The CFA franc, currency for 13 West and Central African countries (the CFA zone), has been tied to the French franc via a fixed exchange rate arrangement since 1948. Proponents of the fixed parity rate argue that it provides price stability for the African countries, while opponents contend that...

The dual purpose of the exchange rate (the price of a unit of foreign currency) as a means of allocating scarce foreign currency among competing uses and an important determinant of income distribution through its influence on the returns to those who produce or consume treadables, makes it a...

Diese Arbeit besteht aus vier Essays, die empirische und methodische Beiträge zu den Gebieten der Finanzmarktökonomik und der Makroökonomik liefern. Der erste Essay beschäftigt sich mit der Spezifikation der Investoren verfügbaren Informationsmenge in Tests bedingter Kapitalmarktmodelle. Im...