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forms of trust and risk, untransparent social situations and economic, political and cultural globalization. These processes …
Persistent link: https://www.econbiz.de/10011163533
eliciting the opinions of experts and stakeholders. In this work, perceived risks and benefits and trust in regulatory agencies … products;ensuring high consumer benefits; minimizing risks; and increasing trust in decision makers and producers are important …
Persistent link: https://www.econbiz.de/10011260335
known about the consequences of inflation targeting credibility on both monetary policy and monetary policy transmission … channels in developing countries that adopted inflation targeting. Emphasizing the role of transparency and the credibility of …
Persistent link: https://www.econbiz.de/10011271311
It is often argued that certifiers have an incentive to offer inflated certificates, although they deny it. In this paper, we study a model in which a certifier is paid by sellers, and may offer them inflated certificates, but incurs costs if doing so. We find that the certifier may face a...
Persistent link: https://www.econbiz.de/10009399602
-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the …
Persistent link: https://www.econbiz.de/10008596363
operational independence in May 1997. It also checks if this credibility measure has increased the predictability of BoE decisions … influence more English interest rate volatility after May 1997. This results suggests that the credibility and/or transparency … by the BoE and the evolution of the transparency and credibility index suggest that the BoE transparency and credibility …
Persistent link: https://www.econbiz.de/10005837520
After a long downturn, the economies of transition countries have bounced back with strong output growth and stable fiscal and monetary policies. The group ranges from large countries like Russia, with extensive resources to much smaller countries in Central and Eastern Europe. The change of...
Persistent link: https://www.econbiz.de/10008520710
inflation expectations equation which assumes a high degree of credibility of the CBI. This equation, however, lacks empirical …
Persistent link: https://www.econbiz.de/10005619966
We quantify the effects of monetary policy transparency and credibility on macroeconomic volatility in an estimated …
Persistent link: https://www.econbiz.de/10005620140
This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime.In order to achieve this, the paper is organized as follows : Section 2 introduces the distinct classifications of exchange regimes(de jure exchange rate regimes versus...
Persistent link: https://www.econbiz.de/10011109757