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The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
This technical note on Investor Protection, Disclosure, and Financial Literacy for Portugal explains investor … compliance with disclosure issues as well as the corporate governance framework. It has also participated in the creation of a …
Persistent link: https://www.econbiz.de/10014406877
important element of corporate governance because it promotes compliance and implementation of disclosure and corporate … governance obligations. The legislative and regulatory framework in Australia includes disclosure requirements that meet or … exceed the requirements that exist in many other countries. Disclosure and transparency are key components of the OECD …
Persistent link: https://www.econbiz.de/10014406897
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing countries is still lacking. Two demographic extensions of the representative household’s stochastic dynamic optimization problem are presented here. It is shown that the...
Persistent link: https://www.econbiz.de/10014395881
This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
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Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also outlines efficient operational procedures and reviews the experiences of Canada, the Czech Republic, and India. The analysis...
Persistent link: https://www.econbiz.de/10011874333