As India’s urban population grows, developing high-quality mass transit systems becomes essential, but financing remains a challenge. Implementing advertising, leasing space, property development, and shopping at stations can significantly enhance financial sustainability for metro companies. I disembarked at a metro station in Delhi and as the gleaming coaches of the train sped off, I marveled […]
Following the release of the Panama Papers and the Pardise Papers, there has been renewed research into profit shifting by multinational firms. This column utilises a novel dataset to show that well-managed subsidiaries, independently of their headquarters, allow a company to be more responsive to tax changes, shifting more profits from high-tax to low-tax jurisdictions. […]
The global impact of US monetary policy significantly affects capital flows and credit growth in emerging markets, highlighting the importance of macroeconomic fundamentals and institutional quality in determining resilience during different monetary cycles. The United States dollar continues to reign supreme. The dollar dominates international trade and financial transactions, and the foreign exchange reserves of […]