Details about Mustafa Caglayan

E-mail:
Homepage:	https://researchportal.hw.ac.uk/en/persons/mustafa-caglayan
Phone:	+44 (0) 131 451 8373
Postal address:	School of Management & Languages; Accountancy, Economics and Finance Heriot-Watt University Edinburgh EH14 4AS United Kingdom
Workplace:	Department of Accountancy, Economics and Finance, Heriot-Watt University, (more information at EDIRC)

Access statistics for papers by Mustafa Caglayan.

Last updated 2025-07-14. Update your information in the RePEc Author Service.

Short-id: pca30

---

Jump to Journal Articles

Working Papers

2022

1. Monetary Policy and Bank Liquidity Creation: A Multivariate Markov Switching Approach
   Working Papers, The University of Sheffield, Department of Economics

2020

2. Expert Imitation in P2P Markets
   Discussion Papers, Department of Economics, University of Birmingham
   See also Journal Article Expert imitation in P2P markets, Manchester School, University of Manchester (2021) View citations (3) (2021)
3. Female Small Business Owners in China: Discouraged, not Discriminated
   Discussion Papers, Department of Economics, University of Birmingham
   See also Journal Article Female small business owners in China: Discouraged, not discriminated, Journal of International Financial Markets, Institutions and Money, Elsevier (2022) View citations (2) (2022)
4. The Risk-Taking Channel in the US: A GVAR Approach
   MPRA Paper, University Library of Munich, Germany
   Also in Working Papers, The University of Sheffield, Department of Economics (2017)

2019

5. Herding behaviour in P2P lending markets
   BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (1)
   See also Journal Article Herding behaviour in P2P lending markets, Journal of Empirical Finance, Elsevier (2021) View citations (11) (2021)
6. Organised Crime and Technology
   SPRU Working Paper Series, SPRU - Science Policy Research Unit, University of Sussex Business School View citations (2)
   Also in DEM Working Papers Series, University of Pavia, Department of Economics and Management (2018) View citations (1)
   DEM Working Papers Series, University of Pavia, Department of Economics and Management (2017) View citations (7)
7. What does not kill us makes us stronger: the story of repetitive consumer loan applications
   Discussion Papers, Department of Economics, University of Birmingham View citations (1)
   See also Journal Article What does not kill us makes us stronger: the story of repetitive consumer loan applications, The European Journal of Finance, Taylor & Francis Journals (2022) View citations (3) (2022)

2018

8. The Impact of Uncertainty on Financial Institutions
   Boston College Working Papers in Economics, Boston College Department of Economics View citations (1)

2016

9. Capital Structure Adjustments: Do Macroeconomic and Business Risks Matter?
   Boston College Working Papers in Economics, Boston College Department of Economics View citations (7)
   See also Journal Article Capital structure adjustments: Do macroeconomic and business risks matter?, Empirical Economics, Springer (2017) View citations (18) (2017)
10. Dollarization, liquidity and performance: Evidence from Turkish banking
    MPRA Paper, University Library of Munich, Germany View citations (2)
11. Financial Depth and the Asymmetric Impact of Monetary Policy
    MPRA Paper, University Library of Munich, Germany View citations (6)
    See also Journal Article Financial Depth and the Asymmetric Impact of Monetary Policy, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2017) View citations (12) (2017)
12. Sentiment Volatility and Bank Lending Behavior
    EcoMod2016, EcoMod View citations (19)
    See also Journal Article Sentiment volatility and bank lending behavior, International Review of Financial Analysis, Elsevier (2016) View citations (19) (2016)

2015

13. Real effects of inflation uncertainty in the US
    Working Papers, The University of Sheffield, Department of Economics
14. The Role of Financial Depth on The Asymmetric Impact of Monetary Policy
    EcoMod2015, EcoMod View citations (3)
    Also in Working Papers, The University of Sheffield, Department of Economics (2013) View citations (1)

2013

15. Allocation Effects of Uncertainty on Resources in Japan
    CFI Discussion Papers, Centre for Finance and Investment, Heriot Watt University
16. The Response of Firms' Leverage to Risk: Evidence from UK Public versus Non-Public ManufacturingFirms
    CFI Discussion Papers, Centre for Finance and Investment, Heriot Watt University View citations (1)
    See also Journal Article THE RESPONSE OF FIRMS' LEVERAGE TO RISK: EVIDENCE FROM UK PUBLIC VERSUS NONPUBLIC MANUFACTURING FIRMS, Economic Inquiry, Western Economic Association International (2014) View citations (23) (2014)

2012

17. Asymmetric monetary policy rules for open economies: Evidence from four countries
    MPRA Paper, University Library of Munich, Germany View citations (7)
18. Firm Productivity, Exchange Rate Movements, Sources of Finance and Export Orientation
    MPRA Paper, University Library of Munich, Germany View citations (13)
    See also Journal Article Firm Productivity, Exchange Rate Movements, Sources of Finance, and Export Orientation, World Development, Elsevier (2014) View citations (18) (2014)
19. R&D Expenditures and Geographical Sales Diversification
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    See also Journal Article R&D Expenditures and Geographical Sales Diversification, Manchester School, University of Manchester (2016) View citations (11) (2016)
20. The Effects of Future Capital Investment and R&D Expenditures on Firms' Liquidity
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (5)
    See also Journal Article The Effects of Future Capital Investment and R&D Expenditures on Firms' Liquidity, Review of International Economics, Wiley Blackwell (2013) View citations (7) (2013)
21. The Impact of Inflation Uncertainty on Economic Growth: A MRS-IV Approach
    Working Papers, The University of Sheffield, Department of Economics
22. The law of one price and the role of market structure
    MPRA Paper, University Library of Munich, Germany
23. Trade flows, exchange rate uncertainty and financial depth: evidence from 28 emerging countries
    MPRA Paper, University Library of Munich, Germany
    Also in Working Papers, The University of Sheffield, Department of Economics (2010) View citations (5)
    See also Journal Article Trade Flows, Exchange Rate Uncertainty, and Financial Depth: Evidence from 28 Emerging Countries, Southern Economic Journal, John Wiley & Sons (2013) View citations (3) (2013)

2011

24. Firm productivity, exchange rate movements, sources of finance and export orientationInventories and sales uncertainty
    Working Papers, The University of Sheffield, Department of Economics View citations (1)
25. Inventories and sales uncertainty
    Working Papers, The University of Sheffield, Department of Economics View citations (2)
    Also in Discussion Papers, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) (2011) View citations (2)
26. Monetary policy effects on output and exchange rates: Results from US, UK and Japan
    Working Papers, The University of Sheffield, Department of Economics View citations (1)

2010

27. Corporate Liquidity Management and Future Investment Expenditures
    University of East Anglia Applied and Financial Economics Working Paper Series, School of Economics, University of East Anglia, Norwich, UK.
28. Parliamentary Election Cycles and the Turkish Banking Sector
    University of East Anglia Applied and Financial Economics Working Paper Series, School of Economics, University of East Anglia, Norwich, UK. View citations (49)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2010) View citations (50)
    See also Journal Article Parliamentary election cycles and the Turkish banking sector, Journal of Banking & Finance, Elsevier (2010) View citations (46) (2010)
29. The response of firms' leverage to uncertainty: Evidence from UK public versus non-public firms
    Working Papers, The University of Sheffield, Department of Economics View citations (6)

2009

30. Determinants of Financial vs. Non Financial Stock Returns: Evidence from Istanbul Stock Exchange
    Working Papers, The University of Sheffield, Department of Economics

2008

31. Does Real Exchange Rate Volatility Affect Sectoral Trade Flows?
    Working Papers, The University of Sheffield, Department of Economics View citations (5)
    See also Journal Article Does Real Exchange Rate Volatility Affect Sectoral Trade Flows?, Southern Economic Journal, John Wiley & Sons (2010) View citations (2) (2010)
32. On the Investment Sensitivity of Debt under Uncertainty
    Boston College Working Papers in Economics, Boston College Department of Economics
    See also Journal Article On the investment sensitivity of debt under uncertainty, Economics Letters, Elsevier (2010) View citations (29) (2010)
33. On the Sensitivity of Firms' Investment to Cash Flow and Uncertainty
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (1)
    See also Journal Article On the sensitivity of firms' investment to cash flow and uncertainty, Oxford Economic Papers, Oxford University Press (2010) View citations (51) (2010)
34. On the Sensitivity of the Volume and Volatility of Bilateral Trade Flows to Exchange Rate Uncertainty
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)
    See also Journal Article On the sensitivity of the volume and volatility of bilateral trade flows to exchange rate uncertainty, Journal of International Money and Finance, Elsevier (2010) View citations (56) (2010)
35. Political patronage in Ukranian banking
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (1)
    See also Journal Article Political patronage in Ukrainian banking1, The Economics of Transition, The European Bank for Reconstruction and Development (2008) View citations (17) (2008)
36. The Effect of the Exchange Rates on Investment in Mexican Manufacturing Industry
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics View citations (1)
    See also Journal Article The Effect of the Exchange Rates on Investment in Mexican Manufacturing Industry, Open Economies Review, Springer (2011) View citations (8) (2011)
37. The Volatility of International Trade Flows and Exchange Rate Uncertainty
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
38. The role of uncertainty in the transmission of monetary policy effects on bank lending
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)
    See also Journal Article THE ROLE OF UNCERTAINTY IN THE TRANSMISSION OF MONETARY POLICY EFFECTS ON BANK LENDING, Manchester School, University of Manchester (2013) View citations (18) (2013)
39. The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (11)
    See also Journal Article The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds, Economics Letters, Elsevier (2009) View citations (54) (2009)

2007

40. Do Institutions, Inequality and Religious Beliefs Affect Cadaveric versus Live- Kidney Harvesting
    Working Papers, The University of Sheffield, Department of Economics
41. Effects of Exchange Rate Volatility on the Volume and Volatility of Bilateral Exports
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (3)
42. Uncertainty Determinants of Firm Investment
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    See also Journal Article Uncertainty determinants of firm investment, Economics Letters, Elsevier (2008) View citations (46) (2008)

2006

43. Firm Investment and Financial Frictions
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (2)
44. Inflation, Price Dispersion, and Market Structure
    Working Papers, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy View citations (14)
    See also Journal Article Inflation, price dispersion, and market structure, European Economic Review, Elsevier (2008) View citations (33) (2008)
45. Reexamining the linkages between inflation and output growth: A bivariate ARFIMA-FIGARCH approach
    Working Papers, Business School - Economics, University of Glasgow
46. Uncertainty Determinants of Corporate Liquidity
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    Also in Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group (2005)
    Working Papers, Business School - Economics, University of Glasgow (2006) View citations (8)
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research (2006)
    See also Journal Article Uncertainty determinants of corporate liquidity, Economic Modelling, Elsevier (2008) View citations (47) (2008)

2005

47. CADAVERIC VS. LIVE-DONOR KIDNEY TRANSPLANTS: THE INTERACTION OF INSTITUTIONS AND INEQUALITY
    Working Papers, Business School - Economics, University of Glasgow View citations (1)
48. The Impact of Macroeconomic Uncertainty on Non-Financial Firms' Demand for Liquidity
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (26)
    Also in Working Papers, Business School - Economics, University of Glasgow (2005)
    See also Journal Article The impact of macroeconomic uncertainty on non-financial firms' demand for liquidity, Review of Financial Economics, Elsevier (2006) View citations (62) (2006)
49. The second moments matter: The response of bank lending behaviour to macroeconomic uncertainty
    Working Papers, Business School - Economics, University of Glasgow View citations (14)
    Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2004) View citations (19)
    Computing in Economics and Finance 2004, Society for Computational Economics (2004) View citations (19)

2004

50. Market Structure, Inflation, and Price Dispersion
    Working Papers, University of Liverpool, Department of Economics
    Also in Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2004)
51. Re-examining the Transmission of Monetary Policy: What More Do a Million Observations Have to Say
    Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group View citations (8)
52. The Impact of Macroeconomic Uncertainty on Cash Holdings for Non-Financial Firms
    Discussion Papers of DIW Berlin, DIW Berlin, German Institute for Economic Research View citations (13)
    Also in ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research (2004) View citations (4)
    Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (9)
    Discussion Papers in Economics, Division of Economics, School of Business, University of Leicester (2004) View citations (5)

2003

53. Incompletely Informed Policymakers and Trade Policy in Oligopolistic Industries
    Working Papers, University of Liverpool, Department of Economics
    See also Journal Article Incompletely informed policymakers and trade policy in oligopolistic industries, Manchester School, University of Manchester (2004) View citations (2) (2004)
54. Sectoral Fluctuations in U.K. Firms' Investment Expenditures
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    Also in Working Papers, University of Liverpool, Department of Economics (2002)
    See also Journal Article Sectoral fluctuations in U.K. firms' investment expenditures, Economics Bulletin, AccessEcon (2003) (2003)
55. The Impact of Macroeconomic Uncertainty on Trade Credit for Non-Financial Firms
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)

2002

56. Nonlinear Effects of Exchange Rate Volatility on the Volume of Bilateral Exports
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (4)
    See also Journal Article Nonlinear effects of exchange rate volatility on the volume of bilateral exports, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2004) View citations (84) (2004)
57. Nonlinear Impact of Inflation on Relative Price Variability
    Working Papers, University of Liverpool, Department of Economics View citations (3)
    See also Journal Article Nonlinear impact of inflation on relative price variability, Economics Letters, Elsevier (2003) View citations (34) (2003)
58. The Impact of Macroeconomic Uncertainty on Bank Lending Behavior
    Working Papers, University of Liverpool, Department of Economics View citations (22)
    Also in Computing in Economics and Finance 2002, Society for Computational Economics (2002) View citations (21)

2001

59. Exchange Rate Effects on the Volume and Variability of Trade Flows
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (14)
    Also in Working Papers, Koc University (1998)
    See also Journal Article Exchange rate effects on the volume and variability of trade flows, Journal of International Money and Finance, Elsevier (2002) View citations (53) (2002)
60. Exchange Rate Effects on the Volume of Trade Flows: An Empirical Analysis Employing High-Frequency Data
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (9)
    Also in CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance (2000) View citations (9)

2000

61. Exchange Rate Uncertainty and Firm Profitability
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)
    See also Journal Article Exchange Rate Uncertainty and Firm Profitability, Journal of Macroeconomics, Elsevier (2001) View citations (35) (2001)
62. Persistent Dependence in Foreign Exchange Rates? A Reexamination
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (6)

1999

63. Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (42)
    See also Journal Article Nonlinear adjustment to purchasing power parity in the post-Bretton Woods era, Journal of International Money and Finance, Elsevier (2001) View citations (186) (2001)

1998

64. Fractional Monetary Dynamics
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (1)
    See also Journal Article Fractional monetary dynamics, Applied Economics, Taylor & Francis Journals (1999) View citations (8) (1999)
65. Long memory or structural breaks: Can either explain nonstationary real exchange rates under the current float?
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (13)
    See also Journal Article Long memory or structural breaks: can either explain nonstationary real exchange rates under the current float?, Journal of International Financial Markets, Institutions and Money, Elsevier (1999) View citations (54) (1999)

1996

66. Monetary Instability, the Predictability of Prices and the Allocation of Investment: An Empirical Investigation Using UK Panel Data
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (2)
    See also Journal Article Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data, American Economic Review, American Economic Association (2001) View citations (82) (2001)
67. Persistence in International Inflation Rates
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (23)
    See also Journal Article Persistence in International Inflation Rates, Southern Economic Journal, John Wiley & Sons (1999) View citations (11) (1999)

1994

68. Trends and Cycle Variations in the Cross-Sectional Distribution of Debt for U.K. Companies: Some Stylized Facts
    Boston College Working Papers in Economics, Boston College Department of Economics

Journal Articles

2024

1. Political affiliation, cash flow volatility, and debt maturity in China
   The British Accounting Review, 2024, 56, (5)
2. The sensitivity of investment to internal and external funds: New emerging market evidence
   Research in International Business and Finance, 2024, 67, (PB) View citations (1)

2022

3. Female small business owners in China: Discouraged, not discriminated
   Journal of International Financial Markets, Institutions and Money, 2022, 80, (C) View citations (2)
   See also Working Paper Female Small Business Owners in China: Discouraged, not Discriminated, Discussion Papers (2020) (2020)
4. What does not kill us makes us stronger: the story of repetitive consumer loan applications
   The European Journal of Finance, 2022, 28, (1), 46-65 View citations (3)
   See also Working Paper What does not kill us makes us stronger: the story of repetitive consumer loan applications, Discussion Papers (2019) View citations (1) (2019)

2021

5. Decision time and investors' portfolio strategies
   Pacific-Basin Finance Journal, 2021, 68, (C) View citations (2)
6. Dollarization, Pass-through, and Domestic Lending: Evidence from Turkish Banking
   Emerging Markets Finance and Trade, 2021, 57, (11), 3190-3201 View citations (1)
7. Expert imitation in P2P markets
   Manchester School, 2021, 89, (5), 470-485 View citations (3)
   See also Working Paper Expert Imitation in P2P Markets, Discussion Papers (2020) (2020)
8. Herding behaviour in P2P lending markets
   Journal of Empirical Finance, 2021, 63, (C), 27-41 View citations (11)
   See also Working Paper Herding behaviour in P2P lending markets, BOFIT Discussion Papers (2019) View citations (1) (2019)
9. Hindering human capital accumulation: A hidden cost of the silent mafia?
   Journal of Economic Behavior & Organization, 2021, 188, (C), 828-845 View citations (7)
10. The impact of uncertainty on financial institutions: A cross‐country study
    International Journal of Finance & Economics, 2021, 26, (3), 3719-3739 View citations (7)
11. The risk‐taking channel in the United States: A GVAR approach
    International Journal of Finance & Economics, 2021, 26, (4), 5826-5849

2020

12. Asset mispricing in peer-to-peer loan secondary markets
    Journal of Corporate Finance, 2020, 65, (C) View citations (7)

2019

13. ECONOMIC POLICY UNCERTAINTY EFFECTS ON CREDIT AND STABILITY OF FINANCIAL INSTITUTIONS
    Bulletin of Economic Research, 2019, 71, (3), 342-347 View citations (36)
14. Exchange rate movements, export sophistication and direction of trade: the development channel and North–South trade flows
    Cambridge Journal of Economics, 2019, 43, (6), 1623-1652 View citations (14)

2017

15. Capital structure adjustments: Do macroeconomic and business risks matter?
    Empirical Economics, 2017, 53, (4), 1463-1502 View citations (18)
    See also Working Paper Capital Structure Adjustments: Do Macroeconomic and Business Risks Matter?, Boston College Working Papers in Economics (2016) View citations (7) (2016)
16. Financial Depth and the Asymmetric Impact of Monetary Policy
    Oxford Bulletin of Economics and Statistics, 2017, 79, (6), 1195-1218 View citations (12)
    See also Working Paper Financial Depth and the Asymmetric Impact of Monetary Policy, MPRA Paper (2016) View citations (6) (2016)

2016

17. Asymmetric Monetary Policy Rules for an Open Economy: Evidence from Canada and the Uk
    International Journal of Finance & Economics, 2016, 21, (3), 279-293 View citations (12)
18. Inflation volatility effects on the allocation of bank loans
    Journal of Financial Stability, 2016, 24, (C), 27-39 View citations (23)
19. R&D Expenditures and Geographical Sales Diversification
    Manchester School, 2016, 84, (2), 197-221 View citations (11)
    See also Working Paper R&D Expenditures and Geographical Sales Diversification, Boston College Working Papers in Economics (2012) View citations (2) (2012)
20. Regime Dependent Effects of Inflation Uncertainty on Real Growth: A Markov Switching Approach
    Scottish Journal of Political Economy, 2016, 63, (2), 135-155 View citations (6)
21. Sentiment volatility and bank lending behavior
    International Review of Financial Analysis, 2016, 45, (C), 107-120 View citations (19)
    See also Working Paper Sentiment Volatility and Bank Lending Behavior, EcoMod2016 (2016) View citations (19) (2016)

2015

22. Effects of Inflation on Output Gap: A MRS-IV Approach
    Review of Economic Analysis, 2015, 7, (1), 3-23
23. Price dynamics and market segmentation
    Economics Letters, 2015, 134, (C), 94-97

2014

24. Allocation effects of uncertainty on resources in Japan
    Economics Letters, 2014, 122, (1), 23-26 View citations (2)
25. Firm Productivity, Exchange Rate Movements, Sources of Finance, and Export Orientation
    World Development, 2014, 54, (C), 204-219 View citations (18)
    See also Working Paper Firm Productivity, Exchange Rate Movements, Sources of Finance and Export Orientation, MPRA Paper (2012) View citations (13) (2012)
26. THE RESPONSE OF FIRMS' LEVERAGE TO RISK: EVIDENCE FROM UK PUBLIC VERSUS NONPUBLIC MANUFACTURING FIRMS
    Economic Inquiry, 2014, 52, (1), 341-363 View citations (23)
    See also Working Paper The Response of Firms' Leverage to Risk: Evidence from UK Public versus Non-Public ManufacturingFirms, CFI Discussion Papers (2013) View citations (1) (2013)

2013

27. THE ROLE OF UNCERTAINTY IN THE TRANSMISSION OF MONETARY POLICY EFFECTS ON BANK LENDING
    Manchester School, 2013, 81, (2), 202-225 View citations (18)
    See also Working Paper The role of uncertainty in the transmission of monetary policy effects on bank lending, Boston College Working Papers in Economics (2008) View citations (3) (2008)
28. The Effects of Future Capital Investment and R&D Expenditures on Firms' Liquidity
    Review of International Economics, 2013, 21, (3), 459-474 View citations (7)
    See also Working Paper The Effects of Future Capital Investment and R&D Expenditures on Firms' Liquidity, Boston College Working Papers in Economics (2012) View citations (5) (2012)
29. Trade Flows, Exchange Rate Uncertainty, and Financial Depth: Evidence from 28 Emerging Countries
    Southern Economic Journal, 2013, 79, (4), 905-927 View citations (3)
    See also Working Paper Trade flows, exchange rate uncertainty and financial depth: evidence from 28 emerging countries, MPRA Paper (2012) (2012)

2012

30. Inventories, sales uncertainty, and financial strength
    Journal of Banking & Finance, 2012, 36, (9), 2512-2521 View citations (25)

2011

31. The Effect of the Exchange Rates on Investment in Mexican Manufacturing Industry
    Open Economies Review, 2011, 22, (4), 669-683 View citations (8)
    See also Working Paper The Effect of the Exchange Rates on Investment in Mexican Manufacturing Industry, The Warwick Economics Research Paper Series (TWERPS) (2008) View citations (1) (2008)

2010

32. Do institutions, inequality and cultural differences affect cadaveric versus live-kidney harvesting?
    Economics Bulletin, 2010, 30, (1), 10-19
33. Does Real Exchange Rate Volatility Affect Sectoral Trade Flows?
    Southern Economic Journal, 2010, 77, (2), 313-335 View citations (2)
    See also Working Paper Does Real Exchange Rate Volatility Affect Sectoral Trade Flows?, Working Papers (2008) View citations (5) (2008)
34. On the investment sensitivity of debt under uncertainty
    Economics Letters, 2010, 106, (1), 25-27 View citations (29)
    See also Working Paper On the Investment Sensitivity of Debt under Uncertainty, Boston College Working Papers in Economics (2008) (2008)
35. On the sensitivity of firms' investment to cash flow and uncertainty
    Oxford Economic Papers, 2010, 62, (2), 286-306 View citations (51)
    See also Working Paper On the Sensitivity of Firms' Investment to Cash Flow and Uncertainty, Boston College Working Papers in Economics (2008) View citations (1) (2008)
36. On the sensitivity of the volume and volatility of bilateral trade flows to exchange rate uncertainty
    Journal of International Money and Finance, 2010, 29, (1), 79-93 View citations (56)
    See also Working Paper On the Sensitivity of the Volume and Volatility of Bilateral Trade Flows to Exchange Rate Uncertainty, Boston College Working Papers in Economics (2008) View citations (3) (2008)
37. Parliamentary election cycles and the Turkish banking sector
    Journal of Banking & Finance, 2010, 34, (11), 2709-2719 View citations (46)
    See also Working Paper Parliamentary Election Cycles and the Turkish Banking Sector, University of East Anglia Applied and Financial Economics Working Paper Series (2010) View citations (49) (2010)

2009

38. The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
    Economics Letters, 2009, 102, (2), 87-89 View citations (54)
    See also Working Paper The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds, Boston College Working Papers in Economics (2008) View citations (11) (2008)

2008

39. Inflation, price dispersion, and market structure
    European Economic Review, 2008, 52, (7), 1187-1208 View citations (33)
    See also Working Paper Inflation, Price Dispersion, and Market Structure, Working Papers (2006) View citations (14) (2006)
40. Political patronage in Ukrainian banking1
    The Economics of Transition, 2008, 16, (3), 537-557 View citations (17)
    See also Working Paper Political patronage in Ukranian banking, Boston College Working Papers in Economics (2008) View citations (1) (2008)
41. Uncertainty determinants of corporate liquidity
    Economic Modelling, 2008, 25, (5), 833-849 View citations (47)
    See also Working Paper Uncertainty Determinants of Corporate Liquidity, Boston College Working Papers in Economics (2006) View citations (2) (2006)
42. Uncertainty determinants of firm investment
    Economics Letters, 2008, 98, (3), 282-287 View citations (46)
    See also Working Paper Uncertainty Determinants of Firm Investment, Boston College Working Papers in Economics (2007) View citations (2) (2007)

2007

43. Ukrainische Banken: politische Patronage von Bedeutung
    DIW Wochenbericht, 2007, 74, (23), 367-371

2006

44. The impact of macroeconomic uncertainty on non-financial firms' demand for liquidity
    Review of Financial Economics, 2006, 15, (4), 289-304 View citations (62)
    Also in Review of Financial Economics, 2006, 15, (4), 289-304 (2006) View citations (10)
    See also Working Paper The Impact of Macroeconomic Uncertainty on Non-Financial Firms' Demand for Liquidity, Boston College Working Papers in Economics (2005) View citations (26) (2005)

2004

45. Incompletely informed policymakers and trade policy in oligopolistic industries
    Manchester School, 2004, 72, (3), 283-297 View citations (2)
    See also Working Paper Incompletely Informed Policymakers and Trade Policy in Oligopolistic Industries, Working Papers (2003) (2003)
46. Nonlinear effects of exchange rate volatility on the volume of bilateral exports
    Journal of Applied Econometrics, 2004, 19, (1), 1-23 View citations (84)
    See also Working Paper Nonlinear Effects of Exchange Rate Volatility on the Volume of Bilateral Exports, Boston College Working Papers in Economics (2002) View citations (4) (2002)

2003

47. Nonlinear impact of inflation on relative price variability
    Economics Letters, 2003, 79, (2), 213-218 View citations (34)
    See also Working Paper Nonlinear Impact of Inflation on Relative Price Variability, Working Papers (2002) View citations (3) (2002)
48. Sectoral fluctuations in U.K. firms' investment expenditures
    Economics Bulletin, 2003, 5, (13), 1-10
    See also Working Paper Sectoral Fluctuations in U.K. Firms' Investment Expenditures, Boston College Working Papers in Economics (2003) View citations (2) (2003)

2002

49. Exchange rate effects on the volume and variability of trade flows
    Journal of International Money and Finance, 2002, 21, (4), 481-496 View citations (53)
    See also Working Paper Exchange Rate Effects on the Volume and Variability of Trade Flows, Boston College Working Papers in Economics (2001) View citations (14) (2001)

2001

50. Exchange Rate Uncertainty and Firm Profitability
    Journal of Macroeconomics, 2001, 23, (4), 565-576 View citations (35)
    See also Working Paper Exchange Rate Uncertainty and Firm Profitability, Boston College Working Papers in Economics (2000) View citations (3) (2000)
51. Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data
    American Economic Review, 2001, 91, (3), 648-662 View citations (82)
    See also Working Paper Monetary Instability, the Predictability of Prices and the Allocation of Investment: An Empirical Investigation Using UK Panel Data, Boston College Working Papers in Economics (1996) View citations (2) (1996)
52. Nonlinear adjustment to purchasing power parity in the post-Bretton Woods era
    Journal of International Money and Finance, 2001, 20, (3), 379-399 View citations (186)
    See also Working Paper Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era, Boston College Working Papers in Economics (1999) View citations (42) (1999)

2000

53. Costly signal extraction and profit differentials in oligopolistic markets
    Economics Letters, 2000, 69, (3), 359-363 View citations (3)
54. Uncertainty Resolution and Strategic Trade Policy in Oligopolistic Industries
    Review of International Economics, 2000, 8, (2), 311-318 View citations (6)

1999

55. Fractional monetary dynamics
    Applied Economics, 1999, 31, (11), 1393-1400 View citations (8)
    See also Working Paper Fractional Monetary Dynamics, Boston College Working Papers in Economics (1998) View citations (1) (1998)
56. Long memory or structural breaks: can either explain nonstationary real exchange rates under the current float?
    Journal of International Financial Markets, Institutions and Money, 1999, 9, (4), 359-376 View citations (54)
    See also Working Paper Long memory or structural breaks: Can either explain nonstationary real exchange rates under the current float?, Boston College Working Papers in Economics (1998) View citations (13) (1998)
57. Persistence in International Inflation Rates
    Southern Economic Journal, 1999, 65, (4), 900-913 View citations (11)
    See also Working Paper Persistence in International Inflation Rates, Boston College Working Papers in Economics (1996) View citations (23) (1996)