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area of narrative reporting, arguing that the ESMA can foster harmonization by providing guidelines on the enforcement of … narrative reporting and (following the example of the Financial Reporting Council) promoting proactive activities aimed at … developing guidance and recommendations on the contents and format of narrative reporting …
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Emerging Market Economies over the period 1999-2007. I show that the effect of publishing the Article IV reports is negligible … while publishing the ROSC matters, leading to a reduction in the spreads of over 15% in the samples 1999-2006 and 1999-2007 …
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