From Start-up to Scale-up: Examining Public Policies for the Financing of High-Growth Ventures Centre for Economic Policy Research (2017-05-02)
This paper examines the challenge of entrepreneurial companies to go beyond the start-up phase and grow into large successful companies. We examine the long-term financing of these so-called scale-up companies, focusing .. more |
Long-Run Biological Interest Rate for Pay-As-You-Go Pensions in Advanced and Developing Countries IMF (2017-05-02)
How much of an internal rate of return would a sustainable pay-as-you-go pension system offer current and future generations equally? The answer is the sum of the Long-Run Biological Interest Rates (LBIR), the real-world .. more |
The beneficial aspect of FX volatility for market liquidity BIS (2017-05-02)
A substantial body of existing research suggests that asset price volatility is harmful to market liquidity. This paper explores a contrarian view that, by creating opportunities for profit making, exchange rate volatili .. more |