The financial channel of exchange rates operates through changes in risk-taking by investors and is reflected in the response of financial conditions to exchange rate movements. We show that stock returns also reflect the financial channel of exchange rates, with higher local currency stock...

In the context of high-quality development and in the face of uncertainties and risks from economic, social and political sources, we aim to understand the resilience of public-private partnership projects in megaprojects, and to improve their ability to effectively manage adversity and optimize...