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We review the literature on the empirical characteristics of the global financial cycle and associated stylized facts on international capital flows, asset prices, risk aversion and liquidity in the financial system. We analyse the co-movements of global factors in asset prices and capital flows...
Persistent link: https://www.econbiz.de/10012660005
We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank Household Panel survey for Germany. Employing an interdisciplinary approach that integrates insights from political science and psychology, we offer a fresh perspective on the factors...
Persistent link: https://www.econbiz.de/10014635679
data from New York City, which assigns accountability grades to schools based on student achievement, I perform a … find that a lower accountability grade decreases teacher turnover and increases joining teachers' quality. A likely channel … is that accountability pressures induce increases in principal effort at lower-graded schools, especially among high …
Persistent link: https://www.econbiz.de/10012453062
more accountable than others. The relationship between elite identity and political accountability is complex and non … the British Crown. Consistent with the theory, we find evidence linking this to rising accountability of the islands …
Persistent link: https://www.econbiz.de/10012455903
transparency in fiscal transfer systems can increase accountability and reduce corruption in the implementation of a workfare …
Persistent link: https://www.econbiz.de/10012455877
Digital platforms like Uber can enhance market transparency and mitigate moral hazard via ratings of buyers and sellers …
Persistent link: https://www.econbiz.de/10012480668
We characterize the price-transparency role of benchmarks in over-the-counter markets. A benchmark can, under … dealers and customers, and reducing search costs. Although the market transparency promoted by benchmarks reduces dealers …
Persistent link: https://www.econbiz.de/10012458045
Medical provider price transparency is often touted as a way to lower health care spending. But the impact of price … transparency is theoretically ambiguous: it could lower health care spending via increased consumer price shopping or improved … a randomized-controlled trial to examine the impact of a state-wide medical charge transparency tool in outpatient …
Persistent link: https://www.econbiz.de/10014576609
Persistent link: https://www.econbiz.de/10001731309
During the booms that precede crises in emerging economies, policy makers often struggle to limit capital flows and their expansionary consequences. The main policy tool for this task is sterilization - essentially a swap of international reserves for public bonds. However, there is an extensive...
Persistent link: https://www.econbiz.de/10012471010