deregulation in Finland was similar to that in the other Nordic countries. As in Norway and Sweden, household indebtedness started … loans. Measured by the ratio of household debt to annual disposable income, household indebtedness peaked in 1990 at more … plummeted. High indebtedness and overcapacity especially in the domestic sector will require several years of adjusting. …

percentage change in GDP, an income surprise variable combined with lagged aggregate indebtedness, a real interest rate surprise … variable combined with lagged aggregate indebtedness, and a deregulation dummy. The innovation in this paper is the use of … surprise variables based on macroeconomic forecasts. According to the results, high indebtedness combined with negative …

that they are perhaps even more strongly related to indebtedness, real interest rates and asset prices. The importance of …

-specific macro variables: output growth shocks, real interest rates, and a measure of excessive private sector indebtedness. We find … more moderate level of indebtedness. Low interest rates during the recent recession may have been another, perhaps the most …

Following Eijffinger and Geraats (2006), we construct an index of transparency of banking supervisors that takes … political, economic, procedural, policy and operational transparency into account. Based on a survey, we construct the index for … 24 banking supervisors. There are large differences among transparency of supervisors. The average total score is 9 …

As a result of a large number of food scandals, societal interest in transparency in the food sector has grown … address. Hence, the creation of transparency in the production process has been the focus of the legislation. In this context … foods. This is intended as a response to the general call for more transparency or a "gläserne Produktion ". It has not been …

The paper examines the economic role of market transparency on the decision problems of an international firm …. Transparency is described in terms of the informativeness of a publicly observable signal. With higher transparency, the signal … transparency, ex ante expected production, domestic sales, and exports of the firm. Furthermore, we discuss the welfare …

In this paper we study the impact of more transparency in the interbank market on the volume of bank intermediated … loans and on the profitability of the banking business. Transparency is modeled by means of the informational content of … publicly observable signals correlated to the random interbank interest rate. We find that more transparency may increase or …