The literature surveys presented in this edited volume provide readers with up-to-date reviews on eleven contemporary topics in finance.
* Topics include unconventional monetary policy, implicit bank guarantees, and financial fraud – all linked to the exceptional event of the Global Financial Crisis
* Explores how recent studies on inflation risk premia and finance and productivity have benefitted from new empirical methods and the availability of relevant data
* Demonstrates how angel investing, venture capital, relationship lending and microfinance have benefitted from increased research as they have become more seasoned
* Investigates crowdfunding and crypto-currencies which have both arisen from recent technological developments
İçerik tablosu
1. Contemporary Topics in Finance: A Collection of Literature Surveys 1
Iris Claus and Leo Krippner
2. A Survey of the International Evidence and Lessons Learned about Unconventional Monetary Policies: Is a ‘New Normal’ in our Future? 11
Domenico Lombardi, Pierre Siklos and Samantha St. Amand
3. Implicit Bank Debt Guarantees: Costs, Benefits and Risks 41
Sebastian Schich
4. Financial Fraud: A Literature Review 79
Arjan Reurink
5. Estimating Inflation Risk Premia Using Inflation-Linked Bonds: A Review 117
Alexander Kupfer
6. Finance and Productivity: A Literature Review 151
Mark Heil
7. Business Angels Research in Entrepreneurial Finance: A Literature Review and a Research Agenda 183
Francesca Tenca, Annalisa Croce and Elisa Ughetto
8. Venture Capital Internationalization: Synthesis and Future Research Directions 215
David Devigne, Sophie Manigart, Tom Vanacker and Klaas Mulier
9. Is Relationship Lending Still a Mixed Blessing? A Review of Advantages and Disadvantages for Lenders and Borrowers 249
Andi Duqi, Angelo Tomaselli and Giuseppe Torluccio
10. Determinants of the Performance of Microfinance Institutions: A Systematic Review 297
Niels Hermes and Marek Hudon
11. Crowdfunding and Innovation 331
Fabrice Herve and Armin Schwienbacher
12. Crypto-Currencies – An Introduction to Not-So-Funny Moneys 351
Christie Smith and Aaron Kumar
Index 383
Yazar hakkında
Iris Claus is Macroeconomic Advisor at the International Monetary Fund’s Pacific Financial Technical Assistance Centre in Fiji. She previously held policy and research positions at the Asian Development Bank, the New Zealand Inland Revenue, the New Zealand Treasury, the Reserve Bank of New Zealand, and the Bank of Canada. Iris is on the editorial boards of the Journal of Economic Surveys and Asian Economic Papers, a Senior Fellow at the University of Waikato, New Zealand, and an affiliate of the Centre for Applied Macroeconomic Analysis (CAMA). Her current research interests are in unconventional monetary policy, taxation, financial intermediation, open economy macroeconomics and general equilibrium modeling.
Leo Krippner is Senior Advisor in the Reserve Bank of New Zealand’s Economics Department. He previously worked in the Reserve Bank’s Financial Markets Department, the New Zealand Treasury, and in private sector funds management at AMP Capital Investors and AXA Funds Management. Leo is a Senior Fellow at the University of Waikato, New Zealand, an affiliate of the Centre for Applied Macroeconomic Analysis (CAMA), and a member of the Education Trust of the New Zealand Association of Economists (NZAE). He is the recipient of the 2017 Central Banking Award in Economics and the 2003 A R Bergstrom Prize in Econometrics. His current research interests are in term structure modelling, macro-finance, and econometric modeling.