all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … transparency and partial publicity to control market reaction to their disclosures. …

The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …

environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …

these signals sufficiently differ. We derive some implications for information dissemination policy. Transparency in this …

This paper analyzes the welfare effects of economic transparency in the conduct of monetary policy. We propose a model … monetary policy and the optimal central bank's disclosure. We define transparency as an announcement by the central bank that … allows firms to identify the rationale behind the instrument. It turnsout that transparency is welfare increasing (i) when …

This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by … the economy. Transparency is optimal as long as the central bank does not weight the stabilisation of the output gap too …