The well-known tax results obtained in the traditional model of investment are re-examined in a model of imperfect corporate governance. The corporation tax, the dividend tax and the capital gains tax have unconventional stock market and real effects which operate through the managerial...

This paper examines inflationary finance in an open growing economy where the existence of an informal sector distorts ordinary taxation, and where either public services or capital in the public sector is used as an input to private production. Public input is assumed to be rival and...

This thesis contains empirically oriented research on currency crises. Empirical models, dealing with identifying the determinants of currency crises and the mechanics of them, are presented. Also, issues related to the measurement of realignment expectations are studied, particularly some...