Given the increasing importance of financing in foreign currency denominated debt, researchers have shown the conditions under which raising capital denominated in a foreign currency becomes feasible. We extend this literature in the context of a multinational corporation (MNC) by modeling the rivalry between equity and debt under a modified general equilibrium framework. We derive (i) internat...

President Vladimir Putin’s domination of Russia’s politics, coupled with the apparent stability of the regime, have contributed to the relative neglect of domestic politics in explaining Russia’s foreign policy. This article seeks to overcome this lapse and argues that the evolving distribution of political and economic power under the surface of Putin’s leadership has been influencing the proc...