This paper empirically examines the role of financial sector development in influencing the impact of exchange rate volatility on the exports of five emerging East Asian countries - China, Indonesia, Malaysia, the Philippines and Thailand - using a GMM-IV estimation method. The results indicate...

In this paper, we revisit the theoretical motives of corporate cash holdings while concentrating on the effect of political connections. In particular, we postulate two competing hypotheses for the effects that political connections can have on cash holdings: 'substitution effect hypothesis' and...