informed. The same cannot be said about outside investors relying primarily on public disclosure. A descriptive analysis of the …

informed. The same cannot be said about outside investors relying primarily on public disclosure. A descriptive analysis of the …

superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade … disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the …

flexibility and credibility; similarly, New Zealand's improved inflation performance was achieved without a discernable increase …

, and to the transparency and credibility of the monetary authorities. We attempt to account for the salient features of … argument for gradualism under a transparent monetary regime becomes less persuasive if the monetary authority lacks credibility …

, and to the transparency and credibility of the monetary authorities. We attempt to account for the salient features of … argument for gradualism under a transparent monetary regime becomes less persuasive if the monetary authority lacks credibility …