Showing 1 - 10 of 11
Using Benford's Law, we find evidence supporting the hypothesis that countries at times misreport their economic data strategically. We group countries with similar economic conditions and find that for countries with fixed exchange rate regimes, high negative net foreign asset positions,...
Persistent link: https://www.econbiz.de/10010721179
This paper examines firms' incentives to commit to a transparent behavior (that precludes bribery) in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation of firms' offers for a public contract the agent has some discretion to...
Persistent link: https://www.econbiz.de/10010738742
increasing the probability of a financial crisis, and therefore provides an additional argument in favor of transparency in the …
Persistent link: https://www.econbiz.de/10010739015
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008790685
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008792045
The notion of transparency is widely used as an analytical tool and as a guideline to propose and enforce new … configurations of economic life. Focusing on several transparency-making devices, this paper tries to explore both the pervasiveness … of this notion and its ambivalence in a number of relevant sites. We begin by exploring the deployment of transparency in …
Persistent link: https://www.econbiz.de/10008792428
In this paper, we aim at testing whether press conferences held after the meeting of the ECB's monetary policy council steer market short- and long-term interest rates in the euro zone. To meet this goal, we "codify" the statements according to whether they are neutral, hawkish, or dovish. We...
Persistent link: https://www.econbiz.de/10008794337
transparency on central bank forecasts. By modelling the private sector's behavior explicitly, we show that transparency reduces … the shocks. Consequently, transparency can be preferred. …
Persistent link: https://www.econbiz.de/10008804708
federation of NGOs), in which the classical notions of fraud and transparency prove to very ambiguous, so that accounting cannot … sense of Actor Network Theory (ANT). Beyond transparency that translation institutionalizes trough accounts, we raise an …
Persistent link: https://www.econbiz.de/10008805084
This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by … the economy. Transparency is optimal as long as the central bank does not weight the stabilisation of the output gap too …
Persistent link: https://www.econbiz.de/10010899271