Showing 1 - 10 of 24
formulation and implementation attests to the significance of legal norms in constituting new spaces of financial accountability …
Persistent link: https://www.econbiz.de/10010745916
economic reforms imposed by the EU and the IMF. However, recent theories of accountability would predict lower levels of … international structures, government constraints and democratic accountability. …
Persistent link: https://www.econbiz.de/10010745933
economic reforms imposed by the EU and the IMF. However, recent theories of accountability would predict lower levels of … international structures, government constraints and democratic accountability. …
Persistent link: https://www.econbiz.de/10010686657
This paper reveals the underlying market’s preferences over the on going Euro area sovereign debt crisis. It builds on a loss function with reference to the ‘basis’, the difference between the spread over swap and Credit Default Swap (CDS) for sovereign bonds. This loss function is general...
Persistent link: https://www.econbiz.de/10010686658
In this paper I provide a preliminary sketch of the types of logics of evaluation in the third sector. I begin by tracing the ideals that are evident in three well-articulated yet quite different third sector evaluation practices: the logical framework, most significant change stories, and...
Persistent link: https://www.econbiz.de/10011126472
Periodic elections are the main instrument through which voters can hold politicians accountable. From this perspective term limits, which restrict voters’ ability to reward politicians with re-election, appear counterproductive. We show that despite the disciplining effect of elections, term...
Persistent link: https://www.econbiz.de/10011071155
This paper analyses the ECB communication, focusing in particular on its transparency dimension. We posit that if the …
Persistent link: https://www.econbiz.de/10010745720
transparency on action is detrimental to the principal. The paper also shows the existence of complementarities between … transparency on action and transparency on consequence. The results are used to interpret existing disclosure policies in politics …, corporate governance, and delegated portfolio management. …
Persistent link: https://www.econbiz.de/10010746006
these signals sufficiently differ. We derive some implications for information dissemination policy. Transparency in this …
Persistent link: https://www.econbiz.de/10010746034
This paper analyzes the welfare effects of economic transparency in the conduct of monetary policy. We propose a model … monetary policy and the optimal central bank's disclosure. We define transparency as an announcement by the central bank that … allows firms to identify the rationale behind the instrument. It turnsout that transparency is welfare increasing (i) when …
Persistent link: https://www.econbiz.de/10010746660