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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - International Monetary Fund (IMF) - 2014
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets …. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges … improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i …
Persistent link: https://www.econbiz.de/10010959465
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Ethnic Diversity, Democracy, and Corruption
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
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Financial Globalization and the Governance of Domestic Financial Intermediaries
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007
the general equilibrium effects of capital flows (portfolio investments and loans, FDI) on the governance of domestic … banks. We find that liberalization of capital flows may deteriorate the governance of the domestic financial system by …
Persistent link: https://www.econbiz.de/10005248244
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Dynamic Incentives and the Optimal Delegation of Political Power
Borgne, Eric Le; Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2007
This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blinder (1998). Delegation trades-off the cost of having a possibly incompetent...
Persistent link: https://www.econbiz.de/10005263663
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Did Botswana Escape From the Resource Curse?
Iimi, Atsushi - International Monetary Fund (IMF) - 2006
resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of …
Persistent link: https://www.econbiz.de/10005263757
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Monetary Policy and Corporate Behaviour in India
International Monetary Fund (IMF); International … - 2005
The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall debt including bank debt, although the lagged response is positive, and listed...
Persistent link: https://www.econbiz.de/10005263785
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Big Government, High Debt, and Fiscal Adjustment in Small States
Ota, Rui; Cas, Stephanie Medina - International Monetary Fund (IMF) - 2008
restraint, can underpin growth, although sometimes other elements can also impact. Since better governance is associated with … lower debt, fiscal adjustment should be supported by governance improvements. …
Persistent link: https://www.econbiz.de/10005263886
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Does Trade and Technology Transmission Facilitate Inequality Convergence? An inquiry Into the Role of Technology in Reducing the Poverty of Nations
Das, Gouranga Gopal - International Monetary Fund (IMF) - 2007
capability, better governance and institutions, technological symmetry and social acceptance-causes income to increase and income …
Persistent link: https://www.econbiz.de/10005264015
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Votingon the "Optimal" Size of Government
Olters, Jan-Peter - International Monetary Fund (IMF) - 2000
Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...
Persistent link: https://www.econbiz.de/10005264039
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An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains
Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005
mature and emerging markets. We suggest that core aspects such as benchmarking, corporate governance and disclosure, credit …
Persistent link: https://www.econbiz.de/10005264116