The present study compares exchange rate expectations of "chartists" and "fundamentalists". "Chartists" are those financial market participants who base their forecasts and actions on past price movements of…
The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. Compared to domestic investments, cross-border investments…
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for…
There is a substantial body of literature on the extent to which firms that receive venture capital financing generate more innovation than non-venture-backed companies. Most studies find that, on average,…
