Showing 1 - 10 of 24
Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the … determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of … disclosure by Japanese Shinkin banks in 1996 and 1997. This period is unique because disclosure of non-performing loans was …
Persistent link: https://www.econbiz.de/10005406090
Should principals explain and justify their evaluations? Suppose the principal’s evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010781550
disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a … financial intermediary is opaque); the regulator should set together disclosure and prudential policy. The model is applied to …
Persistent link: https://www.econbiz.de/10009144883
A substantial number of regulatory frameworks are commonly viewed by impartial observers as inordinately complex. Is there an explanation for this phenomenon? Employing a partial equilibrium model, this paper approaches the problem of complexity from a political-economy vantage point. It...
Persistent link: https://www.econbiz.de/10010877637
countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy …
Persistent link: https://www.econbiz.de/10010877706
Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated …
Persistent link: https://www.econbiz.de/10010877774
the set of all feasible thresholds, accounting for the “cost in terms of welfare” of achieving these rights. We apply the …
Persistent link: https://www.econbiz.de/10009651182
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a …
Persistent link: https://www.econbiz.de/10010535632
We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet … sustainability of high Chinese growth. …
Persistent link: https://www.econbiz.de/10009645643
We apply non-linear error-correction models to the empirical testing of the sustainability of the government …
Persistent link: https://www.econbiz.de/10008596593