We examine how multinational firms with heterogeneous total factor productivity (TFP) self-select into different host countries. Both aggregate- and firm-level estimates suggest that more productive French firms are more likely than their less efficient competitors to invest in relatively tough...

Supporting thermoelectric power generation requires a significant quantity of water, primarilyfor cooling operations. Lack of available water due to physical scarcity or thermal permit limitsassociated with the Clean Water Act 316 (a) can result in a forced curtailment of plant operation,known...

AbstractThere currently exists a demand in the United States for information about the environmental impactsof consumer products, but there is no consistent system for providing this information. This project proposes guidelines for the creation of a Type III environmental declaration program...

Market facilitation organizations (MFOs) are a new concept developed asprivate public partnerships for promoting renewable energy markets. Thesepublic-private entities support the growth of particular markets through a variety ofmeans, such as partner matching, information dissemination, and...

In this paper, we employ a unique dataset of actual US dollar (USD) forward positions against a number of currencies taken by so-called Commodity Trading Advisors (CTAs). We investigate to what extent these positions exhibit a pattern of USD carry trading or other patterns of currency trading...

In this paper, we analyse the relationship between the currency carry return and volatility and liquidity risk factors. We find that both categories of risk factors are relevant to understanding and explaining carry return, with an outperformance for volatility ones especially the global FX...

This paper summarises the results of a survey of UK based foreign exchange dealers conducted in 1998. It addresses topics in three main areas: The microeconomic operation of the foreign exchange market; the beliefs of dealers regarding the importance, or otherwise, of macroeconomic fundamental...

This paper examines the potential role for foreign official holdings of U.S. Treasury securities and the associated implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U.S. net international debt position, using a...

This paper examines the potential role for foreign official holdings of U.S. Treasury securities and the associated implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U.S. net international debt position, using a...

International financial integration has faced major changes and challenges since the 2008-09 global financial crisis. The crisis triggered a persistent contraction in international capital flows. Regulatory reforms and new macro-prudential frameworks have been reshaping international finance...