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An Incentive Approach to Identifying Financial System Vulnerabilities
Chai, Jingqing - 2000
This paper underscores the importance of the assessment of incentives of the main agents in a financial system as a key element in the analysis of financial system vulnerability and the surveillance over the financial system. We outline a diagnostic approach for the assessment of incentives....
Persistent link: https://www.econbiz.de/10014400245
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Bank Risk Within and Across Equilibria
Agur, Itai - 2014
The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with few bank defaults straight to a full freeze. The mechanism is based on...
Persistent link: https://www.econbiz.de/10014411354
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Credibility dynamics and disinflation plans
Kostadinov, Rumen; Roldán, Francisco - 2020
Central banker faces a tradeoff between surprise inflation and building reputation, defined as the private sector's belief … future grounds with temptation leads the way for a negative drift of reputation in equilibrium. Plans that successfully … the zero reputation limit, a gradual disinflation is preferred despite the absence of inflation inertia in the private …
Persistent link: https://www.econbiz.de/10012251953
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Reputation, Debt, and Policy Conditionality
Ramcharan, Rodney - 2003
enforcement of conditionality. Attracted by this prospect, malevolent governments strategically reform, enhancing their reputation …
Persistent link: https://www.econbiz.de/10014399675
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Enforcing public-private partnership contract : how do fiscal institutions matter?
Nose, Manabu - 2017
Public-private partnerships (PPPs) have increased rapidly in emerging and developing countries, creating both opportunities and fiscal challenges. One of the main challenges is that while governments have increased commitments in guarantees and direct subsidies to promote PPPs, contractual...
Persistent link: https://www.econbiz.de/10011763567
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Deposit Insurance : A Survey of Actual and Best Practices
Garcia, G. G. - 1999
The paper surveys the characteristics of explicit systems of deposit insurance in 68 countries. It compares these actual practices with a set of best practices that has been adopted by IMF staff for their advice to member countries. These best practices seek to establish a system of deposit...
Persistent link: https://www.econbiz.de/10014400419
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Overcoming Barriers to Reform:on Incentive-Compatible International Assistance
Mayer, Wolfgang - 2007
International financial assistance (loans and grants) can potentially raise recipients'' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, barriers to reform limit the potential of assistance to deliver these two...
Persistent link: https://www.econbiz.de/10014400429
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External audit arrangements at central banks
Arda, Atilla; Gororo, Martin; Grochalska, Joanna; … - 2018
This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support audit quality and independence. The paper outlines good practices in these areas and provides a...
Persistent link: https://www.econbiz.de/10011932547
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Do audits deter or provoke future tax noncompliance? : evidence on self-employed taxpayers
Beer, Sebastian; Kasper, Matthias; Kirchler, Erich; … - 2019
This paper employs unique tax administrative data and operational audit information from a sample of approximately 7,500 self-employed U.S. taxpayers to investigate the effects of operational tax audits on future reporting behavior. Our estimates indicate that audits can have substantial...
Persistent link: https://www.econbiz.de/10012122691
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International Versus Domestic Auditing of Bank Solvency
Feltenstein, Andrew - 2003
This paper examines alternative ways to prevent losses from bank insolvencies. It is widely viewed that transparency in reporting bank balance sheets is a key element in reducing such losses. It is, however, unclear just how such transparency would be achieved. Current approaches to avoiding...
Persistent link: https://www.econbiz.de/10014399980