We employ a theoretical model to interpret the liquidity and moral hazard effects of IMF support during a financial crisis. We then estimate the response of forward exchange markets to IMF-related announcements, using data on the 3-, 9-, and 12-month forward exchange rates. Our results indicate...

Purpose – Since the First Yaoundé Convention (1963‐1969), the European Union (EU) has been implementing its development policy in the African, Caribbean, and Pacific (ACP) countries. The purpose of this paper is to focus on the trade and financial flows between the EU and the ACP countries...

This paper provides a detailed explanation of cross-country differences in bank regulations and their sources. The results suggest that the patterns of bank regulations imply important differences between developed and developing countries. While developing countries have stricter banking...

Purpose – The fact that previous studies regarding the effects of social violence on foreign direct investment (FDI) flows come to contradictory conclusions motivates this paper. Therefore, it seeks to investigate the social violence‐FDI relationship in an ethnically heterogeneous and...

The IMF's effects on private capital markets have attracted increasing attention in the literature. This paper examines whether IMF-related news during the Asian crisis contains information regarding the changes in sovereign bond spreads of Indonesia and Korea. Our results indicate that other...

Purpose – The fact that previous studies regarding the effects of social violence on foreign direct investment (FDI) flows come to contradictory conclusions motivates this paper. Therefore, it seeks to investigate the social violence-FDI relationship in an ethnically heterogeneous and...

While the existing studies focus on the corruption-growth relationship, this paper introduces a new focus involving corruption and growth volatility. The Ehrlich-Lui (1999) framework provides the theoretical background of the paper, which produces testable hypotheses regarding the...