Even efficient financial markets may break down under periods of prolonged stress, especially when the ramification of an event is unclear. Political violence is such an event, sending immediate signals about possible impact on firm valuations but unclear information about the future viability...

Qianhai - an innovation park in Shenzhen - has the possibility of boosting innovation in Hong Kong, Shenzhen and in the wider region. This paper reviews the existing evidence about which policies have promoted profitable innovation in the Qianhai region (Hong Kong and Shenzhen) in the past. We...

What role does polyarchy (and thus increased democracy) play in aiding the development of an international financial centre? We find support for decades of theorising, in the globalization literatures as well as in others, that some jurisdictions use autocracy (less polyarchy) to help grow out...

Project implementation at the country level relies not only on technical expertise and the soundness of a project, but on several external factors such as trust among the participating actors, political will, the absorptive capacity of a client government to actualize reform, and capacity within...

What role could unconventional monetary policy - and particularly unconventional policies like private asset purchases under a quantitative easing or lender of last resort scheme - play in influencing economic growth directly? A wide literature in economics explores the pros and cons of using...