Showing 1 - 10 of 30
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
macroeconomics. The current policy, however, provides a credible platform for sustainable growth. Greece has entered the process of …-se determining growth, supply-side reforms and institutional performance are; and for Greece both are better served within the EMU …
Persistent link: https://www.econbiz.de/10010948838
of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers …
Persistent link: https://www.econbiz.de/10010679378
We describe the evolution of the power struggle in Greece among key economic and political stakeholders, who have tried …
Persistent link: https://www.econbiz.de/10010679379
and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10008572540
This paper examines the long run education and labor market effects from early-life exposure to the Greek 1941-42 famine. Given the short duration of the famine, we can separately identify the famine effects for cohorts exposed in utero, during infancy and at one year of age. We find that...
Persistent link: https://www.econbiz.de/10008583697
death), hospital utilization, and medical expenditure in Greece during the period 1995-2010. The estimates indicate that … pharmaceutical innovation. The baseline estimate of the cost per life-year gained from pharmaceutical innovation in Greece is $17 …
Persistent link: https://www.econbiz.de/10011122677
We present a model to test the null hypothesis that firms organize their corporate governancearrangements optimally given the constraints they face. Following the literature, the modelrejects the null if the conditional correlation between governance and performance issignificantly different...
Persistent link: https://www.econbiz.de/10011249564