Journal of Economic Studies: Volume 51 Issue 6

The nonlinear relationship between financial constraints and R&D investment: the mediating role of executive stock options

Sedki Zaiane, Halim Dabbou

The current study aims to investigate the mediating role of executive stock options in the nonlinear relationship between financial constraints and research and development (R&D…

Mayday! Mayday! The airlines stock returns are failing. Analysis of the impact of Russia–Ukraine war

António Miguel Martins, Susana Cró

This paper investigates the short-term market impact of the beginning of the military conflict between Russia and Ukraine (February 24, 2022) on a set of airline stocks listed.

Economic policy uncertainty and the Greek economic crisis

Gikas Hardouvelis, Georgios Karalas, Dimitrios Karanastasis, Panagiotis Samartzis

The authors construct an index of economic policy uncertainty (EPU) for Greece using textual analysis and analyze its role in the 10-year Greek economic crisis.

Disinflation costs and macroprudential policies: real and welfare effects

Francesco Busato, Maria Ferrara, Monica Varlese

This paper analyzes real and welfare effects of a permanent change in inflation rate, focusing on macroprudential policy’ role and its interaction with monetary policy.

The determinants of credit restrictions and their impact on micro firms: the case of Colombia

Jhon James Mora, Andres David Espada Castro

This article analyzes the determinants of credit constraints and their effects on the productivity of micro-firms in Colombia.

Unraveling the impact of COVID-19 pandemic on foreign direct investment and its determinants: empirical insights from SAARC countries

Rizwan Firdos, Mohammad Subhan, Babu Bakhsh Mansuri, Majed Alharthi

This paper aims to unravel the impact of post-pandemic COVID-19 on foreign direct investment (FDI) and its determinants in the South Asian Association for Regional Cooperation…

Home, unsweet home – effect of homeownership on financial investments of Indian households

Shreya Lahiri, Shreya Biswas

The study analyzes the relationship between homeownership and financial investment of households in the context of emerging markets like India. It also examines how homeownership…

Remittances and economic growth: a blessing for middle-income countries, ineffective for low-income countries

SeyedSoroosh Azizi, Abed Aftabi, Mohsen Azizkhani, Kiana Yektansani

This study investigates the impact of international remittances on the economic growth of remittance-receiving countries, using data from 113 developing countries between 1990 and…

The impact of recapitalisations and bank competition on Greek bank net interest margins

Emmanuel Mamatzakis

This study investigates the reasons behind the very high net interest margins in the Greek banking industry compared to the euro-area, focussing on the association between bank…

Monetary policy in practice: do central banks respond to movements in exchange rate and credit growth?

Hai Le, Phuong Nguyen

This study examines the importance of exchange rate and credit growth fluctuations when designing monetary policy in Thailand. To this end, the authors construct a small open…

Public debt forecasts and machine learning: the Italian case

Edgardo Sica, Hazar Altınbaş, Gaetano Gabriele Marini

Public debt forecasts represent a key policy issue. Many methodologies have been employed to predict debt sustainability, including dynamic stochastic general equilibrium models…