Military and Financial Policy

Financial Cycles and Monetary Policy in Iran's Economy

The global financial crisis in 2007 showed that financial variables from different channels could exacerbate business cycle fluctuations. From the perspective of modeling in the economy, the models that assumed financial markets without friction lost their credibility. Accordingly, the correct response of the monetary authorities to the financial cycles has become one of the theoretical and pol...

Insights: Financial Capability -- The Financial Welfare of Military Households

Despite significant interest in the welfare of military service members and their families, there has been little scientific research on their household financial situations. More specifically, to the author’s knowledge, there have been very few comparative analyses between military members and their civilian counterparts, between members of the different military services or between different ...

Taxation and Corporate Financial Policy

This paper reviews the theory and evidence regarding the impact of taxation on corporate financial policy. Starting from a basic characterization of the classical corporate income tax and its effects, the analysis focuses on three areas of research: equity policy, debt-equity decisions, and choices regarding ownership structure and organizational form. The discussion stresses the distinction be...

Financial Liberalization and Policy Challenges

Financial Consolidation and Monetary Policy

he 1990s were characterized by substantial financial sector consolidation across a large number of industrialized countries. This consolidation included within-industry and within-country consolidation as well as cross-industry (for example, banking and insurance) and cross-border consolidation. In addition to mergers and acquisitions, there was a substantial increase in joint ventures and stra...