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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885
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How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine
Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001
This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise performance in Ukraine. The paper also finds that...
Persistent link: https://www.econbiz.de/10005826048
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Audit Committees in Central Banks
Sullivan, Kenneth; Gilson, Marie-Thérèse Camilleri; … - International Monetary Fund (IMF) - 2007
This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and...
Persistent link: https://www.econbiz.de/10005605398
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Israel; Detailed Assessment of IOSCO Objectives and Principles of Securities Regulation
International Monetary Fund (IMF); International … - 2012
Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of … major jurisdictions. For the most part, it is compliant with international standards and regulation, and oversight by the … Israel Securities Authority is robust and effective. With regard to the regulation of broker dealers, there is a significant …
Persistent link: https://www.econbiz.de/10011242660
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Australia; Financial Sector Assessment Program: Technical Note: Investor Protection, Disclosure, and Financial Literacy
International Monetary Fund (IMF); International … - 2006
This study reviews selected issues on investor protection and corporate governance in Australia, and concludes that the corporate governance framework for Australian-listed companies is largely healthy and dynamic. Shareholder activism is an important element of corporate governance because it...
Persistent link: https://www.econbiz.de/10011243130
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United States; Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulati...
International Monetary Fund (IMF); International … - 2010
Securities Commissions’ Objectives and Principles of Securities Regulation. The general preconditions for effective securities … regulation in the United States are present. The legal and accounting system supports the implementation of requirements and … effective regulation of market participants. The legislation regarding bankruptcy, insolvency, and winding up in the …
Persistent link: https://www.econbiz.de/10011243733
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Cooption and Repression in the Soviet Union
Grossman, Hershel I.; Gershenson, Dmitry - International Monetary Fund (IMF) - 2000
The Soviet ruling elite, the nomenklatura, used both cooption and political repression to encourage loyalty to the communist regime. Loyalty was critical both in defusing internal opposition to the rule of the nomenklatura and in either deterring or defeating foreign enemies of the Soviet Union....
Persistent link: https://www.econbiz.de/10005826277
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Reconsidering Bank Capital Regulation: A New Combination of Rules, Regulators, and Market Discipline
Fullenkamp, Connel; Rochon, Céline - International Monetary Fund (IMF) - 2014
system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only …
Persistent link: https://www.econbiz.de/10010959459
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Colombia; Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2013
In this paper, the structure of Colombia’s financial sector is analyzed and various risks of the financial sector are studied. Supervision of the financial system can be performed by supervisory architecture, banking supervision, various securities, and insurance policies. Systemic...
Persistent link: https://www.econbiz.de/10011244169
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European Union; Publication of Financial Sector Assessment Program Documentation—Technical Note on Cross-Border Issues, Central Counterparties, and Central Securities Depositorie...
International Monetary Fund (IMF); International … - 2013
The analysis focuses on the effectiveness of the regulatory, supervisory, and oversight frameworks for central counterparties (CCPs) and central securities depositories (CSDs) in the European Union (EU) as these are essential for financial stability. Cooperation between authorities within and...
Persistent link: https://www.econbiz.de/10011244354