Showing 1 - 10 of 328
Persistent link: https://www.econbiz.de/10005590943
analyzed independently. Yet, theory clearly indicates that the combination of relative powers of different stakeholders affects …
Persistent link: https://www.econbiz.de/10005825652
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early …
Persistent link: https://www.econbiz.de/10005263885
Based on a simple framework, this note clarifies the economics behind bank restructuring and evaluates various restructuring options for systemically important banks. The note assumes that the government aims to reduce the probability of a bank’s default and keep the burden on taxpayers...
Persistent link: https://www.econbiz.de/10011245869
This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the...
Persistent link: https://www.econbiz.de/10011142141
Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some...
Persistent link: https://www.econbiz.de/10011242391
This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...
Persistent link: https://www.econbiz.de/10010790296
In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these...
Persistent link: https://www.econbiz.de/10010790321
Persistent link: https://www.econbiz.de/10010790461
The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given...
Persistent link: https://www.econbiz.de/10010790473