Showing 1 - 10 of 16
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads...
Persistent link: https://www.econbiz.de/10012889089
We report evidence that the presence of hidden liquidity is associated with greater liquidity in the order books, greater trading volume, and smaller price impact. Limit and market order submission behavior changes when hidden liquidity is present consistent with at least some traders being able...
Persistent link: https://www.econbiz.de/10010303675
transparency relating to effective risk transfer, risk-related management compensation, and credible measurement of rating …
Persistent link: https://www.econbiz.de/10010303677
We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are...
Persistent link: https://www.econbiz.de/10010303742
provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …
Persistent link: https://www.econbiz.de/10010368433
to promote greater local benefit capture. Practitioners and academics have noted, however, that transparency alone does …
Persistent link: https://www.econbiz.de/10011654043
countries. These initiatives range across efforts to promote transparency, to codify successful historical experiences and … countries can bind themselves to. These initiatives, such as the Extractives Industry Transparency Initiative, have seen some … success in spreading and embedding governance norms, ranging across revenue transparency, contract disclosure, supply chain …
Persistent link: https://www.econbiz.de/10011943806
criteria are highlighted that compromise transparency: community targeting, the proxy means test, the imposition of … and benefit microsimulation model for Tanzania and all pose challenges for policy transparency. The authors argue that … there are many ways in which transparency and clarity can be enhanced in relation to social benefit policy design and …
Persistent link: https://www.econbiz.de/10011943857
The paper reviews the debate about transparency in extractive industry commodities trade. It examines the obstacles to … improved transparency. A critical review of the experience with estimating losses from a lack of transparency concludes that … important transparency and responsible sourcing initiatives are reviewed. The initiatives appear to have had some positive …
Persistent link: https://www.econbiz.de/10012424159
look at three aspects of governance and their components: transparency, security, and infrastructure. We examine which of … these have the potential to alter firm compliance behaviour. We find that enterprises' perceptions of transparency are key …
Persistent link: https://www.econbiz.de/10012705325