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Effectiveness of internal audit and oversight at central banks : safeguards findings - trends and observations

Chamoun, Elie; Greuning, Riaan van - 2018

Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case,...

Persistent link: https://www.econbiz.de/10011866392

The role of board oversight in central bank governance : key legal design issues

Bossu, Wouter; Rossi, Arthur - 2019

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper...

Persistent link: https://www.econbiz.de/10012155156

Corporate Governance Quality : Trends and Real Effects

Ueda, Kenichi - 2006

This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First,...

Persistent link: https://www.econbiz.de/10014400149

An Anatomy of Corporate Bond Markets : Growing Pains and Knowledge Gains

Luengnaruemitchai, Pipat - 2005

The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...

Persistent link: https://www.econbiz.de/10014400842

Financial Frictions, Investment, and Institutions

Yafeh, Yishay - 2010

Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...

Persistent link: https://www.econbiz.de/10014397491

International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions

Albuquerque, Rui - 2013

corporate control promotes the adoption of better corporate governance practices around the world …

Persistent link: https://www.econbiz.de/10014394542

Global declining competition

Díez, Federico J.; Fan, Jiayue; Villegas-Sánchez, Carolina - 2019

power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm …

Persistent link: https://www.econbiz.de/10012019850

How do regulations of entry and credit access relate to industry competition? : international evidence

Igan, Deniz; Mirzaei, Ali; Moore, Tomoe - 2018

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …

Persistent link: https://www.econbiz.de/10011848240

The short-term impact of product market reforms : a cross-country firm-level analysis

Gál, Peter; Hijzen, Alexander - 2016

This paper analyzes the effects of product market reforms in the short and medium term across 10 regulated industries and 18 advanced economies for the period 1998-2013 using internationally comparable firm-level data based on Orbis. It provides four key insights. First, product market reforms...

Persistent link: https://www.econbiz.de/10011711526

Intellectual Property Rights and International RandD Competition

Scandizzo, Stefania - 2001

participation in the World Trade Organization, or, more controversially, some form of bilateral punishment, may be used …

Persistent link: https://www.econbiz.de/10014401239

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