The purpose of this paper is to explore econometrically the interactions between domestic investment and various types of capital inflows. We estimate these interactions using an international panel data set of sixty-four countries for the period 1976-1997. Interaction exists, especially in the...

Mutual funds grant retail investors access to professional asset management and facilitate exposure to financial markets. The academic literature and regulators have traditionally focused on issues such as portfolio diversification, performance, liquidity, and management fees in attempts to...

Financial crime, often referred to as “white-collar” crime, is a severe issue all around the world. A recent FBI survey found that in the preceding twelve months, approximately one in every four United States citizens had fallen victim to financial crime in one form or another (fraud, money...

"Risk management has become one of the key requirements for insightful decision-making. What are risks sources? How are they being managed? This book describes certainty, uncertainty, financial risks, methods of risk mitigation, and risk management. The first chapter of this book represents some...

This paper distinguishes between debt and equity flows in the presence of information asymmetry between the firm’s “insiders” and “outsiders” in a small open economy. It shows the inadequacy of capital investment because its scope is too narrow and the investment each firm makes is too...

We develop a simple information-based model of FDI flows. On the one hand, the abundance of ""intangible"" capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...