Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union

Hedging Corporate Cash Flow Risk

We consider optimal hedging decisions for a firm whose stock returns are affected by market returns and an idiosyncratic factor that is orthogonal to the market return. We show that the level of firm’s cash flows depend on the level of the market and the level of the idiosyncratic factor multiplicatively because of compounding. Minimizing the variance of the cash flow requires a substantial off...

Why the European Union Should Talk with the Eurasian Economic Union

Corporate taxes and investment: The cash flow channel

Existing literature focuses on how corporate taxation affects firms’ investment decisions by altering after-tax returns. This paper instead examines how corporate taxation affects investment by reducing the cash flow a firm has available to invest in the current period. I use a sharp nonlinearity in the mapping from pre-tax profitability to taxes created by the tax loss carryforward feature of ...

Eurasian Economic Union Foundation: Issues of Global Regionalization

This paper is devoted to the theoretical conceptualization of political-economic processes within the Eurasian Economic Union. The author elaborates on this project within the framework of “global regionalization” and regards it as a fledging “global region.” In this paper, the European Union is analyzed as a model of the existing global region. The Eurasian region also has its own specific tra...

Regionalism and its Economic Effects on Iran in a Computable General Equilibrium (CGE) Model:A Case Study of the Eurasian Economic Union (EAEU)

Over the last three decades, membership in regional trade arrangements has become one of the most important tools of trade diplomacy. Regional agreements bring a lot of benefits for the member countries through reducing barriers and restrictions. Considering the signing of the Interim PTA Agreement between Iran and Eurasia and its effects, this study aimed to investigate the economic effects of...