Foreign and politically connected large investors, like foreign government investors, improve firm value through the provision of foreign market access and government-related contracts. In the short run, the market welcomes foreign government investments in expectation of potential monitoring...

This paper studies the role and complementarity of advanced manufacturing processes and product innovations for growth using new time-varying measures of process innovations, validated by patent examiners, from 1900 to 2020 across 60 countries. We uncover large and distinct effects of advanced...

The emergence of crypto-currencies has spurred a debate on whether central banks should themselves issue currencies in a digitised form. We investigate the technology options available for such implementations today and analyse potential drivers and inhibitors for the successful implementation...