Financial innovation and delegation of control

Article Abstract:

A study was conducted to examine the premise that the control of investment and production is influenced by the entrepreneur even after flotation. A delegation of control during the flotation process involved the existence of issuing costs for the company. Results showed that financial innovation is a trade off between agency costs and targeting costs when control is represented during flotation. Findings also indicated that unlevered equity and the use of debt without defaulting in equilibrium are effective financing means.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Research, Analysis, Finance, Economic development, Corporations, Corporate finance, Entrepreneurship

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Controversy: exchange rates and fundamentals

Article Abstract:

Economic fundamentals can have an effect on the equilibrium exchange rates. The relationship between the actual foreign exchange rate and actual economic fundamentals is more valid than the relationship between the nominal foreign exchange rate and relative prices. Economic fundamentals can also have an effect on exchange rate volatility.

World

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A Synthesis of Keynesian Monetary and Portfolio Approaches to Flexible Exchange Rates

Article Abstract:

A balance of payments theory under flexible exchange rates is developed combining Keynesian and monetary approaches. Contrasts between the two are attributed to overlooking feedbacks from the economy. Other errors are identified. The effects of monetary and fiscal policies are most noticeable in the short and medium-term.

Models, Balance of payments

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