Mendonça, Helder Ferreira de; Galvão, Délio José … - Central Bank of Brazil, Research Department - 2011
This article examines the relationship between the level of regulation and transparency of financial institutions from … 37 countries and the impacts of the subprime crisis on the stock market, through a regulation and transparency index … of regulation and transparency is related to higher returns and lower volatility in the stock market during the subprime …