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typically raise less revenue from domestic taxation, and that this creates governance problems because the lower domestic tax … that it is invariant to governance indicators. …
Persistent link: https://www.econbiz.de/10012685000
Intro -- Contents -- I. INTRODUCTION -- II. A CROSS-SECTIONAL LOOK AT CENTRAL BANK ACCOUNTS -- III. SOURCES AND USES OF SEIGNIORAGE -- IV. WHAT DETERMINES CENTRAL BANKS' OPERATING EXPENDITURES? -- V. CONCLUSIONS -- SAMPLE COUNTRIES -- NOTATION -- VALUATION ADJUSTMENTS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691030
Intro -- Contents -- I. INTRODUCTION -- II. RECENT DEVELOPMENTS IN NATURAL RESOURCES AND GOVERNANCE IN BOTSWANA -- III …
Persistent link: https://www.econbiz.de/10012691038
Persistent link: https://www.econbiz.de/10012691188
The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management … identifies remaining weaknesses, in regard to information disclosure, the governance framework and pension fund management …
Persistent link: https://www.econbiz.de/10012677497
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
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
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
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
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