Contemporary Topics in Finance

Iris Claus is Macroeconomic Advisor at the International Monetary Fund's Pacific Financial Technical Assistance Centre in Fiji. She previously held policy and research positions at the Asian Development Bank, the New Zealand Inland Revenue, the New Zealand Treasury, the Reserve Bank of New Zealand, and the Bank of Canada. Iris is on the editorial boards of the Journal of Economic Surveys and Asian Economic Papers, a Senior Fellow at the University of Waikato, New Zealand, and an affiliate of the Centre for Applied Macroeconomic Analysis (CAMA). Her current research interests are in unconventional monetary policy, taxation, financial intermediation, open economy macroeconomics and general equilibrium modeling. Leo Krippner is Senior Advisor in the Reserve Bank of New Zealand's Economics Department. He previously worked in the Reserve Bank's Financial Markets Department, the New Zealand Treasury, and in private sector funds management at AMP Capital Investors and AXA Funds Management. Leo is a Senior Fellow at the University of Waikato, New Zealand, an affiliate of the Centre for Applied Macroeconomic Analysis (CAMA), and a member of the Education Trust of the New Zealand Association of Economists (NZAE). He is the recipient of the 2017 Central Banking Award in Economics and the 2003 A R Bergstrom Prize in Econometrics. His current research interests are in term structure modelling, macro-finance, and econometric modeling.

• 1. Contemporary Topics in Finance: A Collection of Literature Surveys 1Iris Claus and Leo Krippner2. A Survey of the International Evidence and Lessons Learned about Unconventional Monetary Policies: Is a ‘New Normal’ in our Future? 11Domenico Lombardi, Pierre Siklos and Samantha St. Amand3. Implicit Bank Debt Guarantees: Costs, Benefits and Risks 41Sebastian Schich4. Financial Fraud: A Literature Review 79Arjan Reurink5. Estimating Inflation Risk Premia Using Inflation-Linked Bonds: A Review 117Alexander Kupfer6. Finance and Productivity: A Literature Review 151Mark Heil7. Business Angels Research in Entrepreneurial Finance: A Literature Review and a Research Agenda 183Francesca Tenca, Annalisa Croce and Elisa Ughetto8. Venture Capital Internationalization: Synthesis and Future Research Directions 215David Devigne, Sophie Manigart, Tom Vanacker and Klaas Mulier9. Is Relationship Lending Still a Mixed Blessing? A Review of Advantages and Disadvantages for Lenders and Borrowers 249Andi Duqi, Angelo Tomaselli and Giuseppe Torluccio10. Determinants of the Performance of Microfinance Institutions: A Systematic Review 297Niels Hermes and Marek Hudon11. Crowdfunding and Innovation 331Fabrice Herve and Armin Schwienbacher12. Crypto-Currencies – An Introduction to Not-So-Funny Moneys 351Christie Smith and Aaron KumarIndex 383