Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

information systems on measuring volatility as well as capital …

credibility). We then use panel VARs based on both factor models and observed data to ascertain the impact of global shocks …, financial shocks, trade shocks and credibility shocks on the EMEs versus the AEs.We find that although some EMEs did maintain … resilience to shocks and in the quality of their governance. Moreover it appears that CB credibility in EMEs was more fragile …

explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national … emerging countries' vulnerability to these crises. The credibility of their financial policies would be greatly enhanced by the … markets would improve as the same expertise and information that global investors gather already to evaluate the monetary …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

information analysis, this paper outlines what signals a central bank might look for to determine if a financial crisis is …

financial regulation, the role of debt and deficits, and the implications of adopting different exchange rate regimes …