In many standard economic models, taxes on labour earnings and taxes on consumption are outcome-equivalent. However, this is not the case when taxes are non-linear and households differ with respect to wages and earnings, which is the case considered in this paper. I study the differences...

One of the main incentives to promote cooperatives is that they enhance sustainable economic development centered on people and communities. In fact, cooperatives generate social value that transcends the economic profit.The main goal of this paper is to explore the nature of the link between...

We examine the information flow between the equity and credit default swap (CDS) markets using firm level returns data before and after the Global Financial Crisis (GFC). Prior to the crisis, the information flow is unidirectional with equity returns leading CDS returns. While equity returns...

The purpose of this paper is to investigate whether the cryptocurrency market affects the financial stability and economic growth of India. The study used time series quarterly data on bitcoin, financial stability, inflation rate, real GDP, economic volatility uncertainty, exchange rate, and...