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,…
