This festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the...

This paper examines whether state-to-state political ties help to obtain better terms when raising capital in global capital markets. Focusing on publicly issued Yankee bonds, we observe that firms from countries with close political ties to the US have been successful in reducing borrowing...

The bulk of International Finance Corporation (IFC) lending benefits companies from rich countries, and projects in countries with middle income. Large conglomerates such as Lidl or Mövenpick have been among its direct beneficiaries. This contrasts to some extent with the IFC's official...

Chapter 1: International Finance -- Chapter 2: International Institutions of International Finance -- Chapter 3: The Balance of Payments -- Chapter 4: International Corporate Governance -- Chapter 5: Foreign Exchange Transactions and Money Markets -- Chapter 6: International Equity Markets --...

The Washington consensus : an overview -- The Washington consensus and IMF Conditionality -- The free market doctrine and economic freedom -- The first commandment : fiscal discipline -- The second commandment : redirection of public spending -- The third commandment : tax reform -- The fourth...

"This book traces the role of money in the creation of the state. From US independence to the establishment of the EU and the breakup of the USSR and beyond, Wilson examines changing attitudes about monetary sovereignty, arguing for a more rational attitude toward money as a means of...

The landscape of international finance has drastically changed within the last decade. The institutions inherited from the Bretton-Woods conference - the IMF and the WBD - have become obsolete, in part, due to their lack of reforming. Meanwhile newly created institutions including The New...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-á-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the effect of this jurisdiction choice on bond prices. We test whether foreign-law bonds trade at a premium compared to domestic-law bonds. We use...

Cover -- Title Page -- Copyright -- Contents -- Acknowledgements -- About the Authors -- Preface -- Key Terms and Abbreviations -- Introduction -- Two Stylized Facts About Exchange Rates -- A Definition of FXRM -- Quoting Exchange Rates -- Outline of the Book -- Further Reading -- Chapter 1 Why...

Foreign Exchange Markets and Foreign Exchange Rates -- Exchange Rate Regimes and International Monetary Systems -- International Parity Conditions -- Balance of Payments and International Investment Positions -- Open Economy Macroeconomics -- Balance of Payments Issues and Exchange Rate...

"Corporate Foreign Exchange Risk Management offers a highly accessible yet thorough guide to FX exposure management that will appeal to anyone with who is responsible for managing a profit & loss or balance sheet affected by FX fluctuations or who wants to understand how FX fluctuations affect...

The bulk of International Finance Corporation (IFC) lending benefits companies from rich countries, and projects in countries with middle income. Large conglomerates such as Lidl or Mövenpick have been among its direct beneficiaries. This contrasts to some extent with the IFC's official...

We study how low interest rates in the United States affect risk taking in the market for cross-border corporate loans. Because banks tend to originate these loans with intent to sell to nonbank investors, we examine risk taking by the broad financial system. To the extent that actions of the...