We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …

We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact …-in-difference approach on a panel of over 30 countries, some of which are non-EU (control group). Hence, the impact of the EU economic … governance pillars is evaluated based on both the performance before and after their application as well as against the control …

digitalisation - the process of diffusion of digital technologies - is affected by institutions and governance. It discusses a number …

In most of the existing academic literature the notion of transparency in monetary policy is defined in too simple … potentially conflicting - aspects of transparency. When there are frictions in communication or imperfections in the processing of … this perspective transparency primarily hinges on a shared mode of interpretation ('common understanding') between the …

We investigate the role of economic transparency within the framework of one of Townsend’s models of ‘forecasting the …

indeed have improved transparency in the sense that information is now released to the markets at an earlier time and with …