corroborates this finding, showing that a bank’s shares exhibited negative abnormal returns when their directors were elected to … Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to … investigate whether the appointment of well-connected directors enhanced equity value for bank shareholders. Our analysis of panel …

most credible, transparent and independent central bank out of seven large central banks. The ECB is not perceived as …This paper reports the results of a survey among private sector economists about credibility and transparency of … central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo’s World Economic …

This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …

internal provision of incentive pay and external monitoring by banks interact in constraining the manager and whether retained …