This paper examines the effects of foreigndirect investment (FDI) inflows to a group of six Pacific Basin economies and a control group of 11 other developing countries.

I present a simultaneous-equation model with which I estimate both direct and indirect effects of financial distortions in real interest and black-market exchange rates on saving, investment, export growth and output growth.

Финансово-инвестиционную политику можно рассматривать как деятельность государства по привлечению и целенаправленному использованию инвестиций. Можно также...

This paper addresses the variety of static and dynamic impacts that the Euro-Med Agreements (EMA) may have on the MENA economies. It first considers options for trade and domestic policy reforms, including the context in which policies are designed and implemented and the range of policy options...

Management risk occurs because uncertainty about future managerial decisions increases a firm's overall risk. This paper documents the importance of management risk in determining firms' cost of borrowing. CDS spreads, loan spreads and bond yield spreads all increase at the time of CEO turnover,...