This paper empirically models the dynamics of Brazilian government bond (BGB) yields based on monthly macroeconomic data in the context of the evolution of Brazil’s key macroeconomic variables. The results show that the current short-term interest rate has a decisive influence on BGBs’...

As Bangladesh tries to increase the level of foreign direct investment, the authorities may formulate a transfer pricing policy to reduce the scope for detrimental profit-shifting activities of transnational corporations. A simple model to illustrate the role of transfer pricing in...

This paper relates Keynes’s discussions of money, the state theory of money, financial markets, investors’ expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence...

This paper econometrically models the dynamics of the Chilean interbank swap yields based on macroeconomic factors. It examines whether the month-over-month change in the short-term interest rate has a decisive influence on the long-term swap yield after controlling for other factors, such as...

Iraq has had one of the most severe and enduring sanctions imposed on it for more than a decade. A survival-conditions based 'two-gap model' provides an expedient explanation of the economic sclerosis arising out of the sanctions imposed on Iraq. This essay supplements Nordhaus' (2002) study,...

This paper provides an empirical analysis of net entry and net exit patterns of manufacturing industries in Bangladesh. The analysis is based on a panel data set consisting of five census years' three-digit level data from the Bangladesh Census of Manufacturing Industries.

During the past two decades, chronic fiscal deficits have led to elevated and rising ratios of government debt to nominal GDP in Japan. Nevertheless, long-term Japanese government bonds' (JGBs) nominal yields initially declined, and have since stayed remarkably low and stable. This is contrary...

This paper analyses the data on international foreign aid. It examines the basic data on who gets foreign aid, how much, how aid dependent are the recipient countries, and how the international foreign aid regime has evolved. It is argued that the pattern of the flow of foreign aid suggests that...

The United States has a large and persistent current account deficit. Yet, U.S.'s income receipts from the rest of the world have exceeded its income payments to the rest of the world for many years. This appears to be paradoxical because for a country with a negative net foreign assets...