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ENGLISH ABSTRACT: The effectiveness of monetary policy depends importantly on the expectations of the private sector, as it is largely through this channel of the transmission mechanism that policy changes are transmitted to long-term interest rates. This has increased the emphasis on the role...
Persistent link: https://www.econbiz.de/10009477597
bank transparency creates a meaningful trade-off between beneficially conveying fundamental information and adversely …
Persistent link: https://www.econbiz.de/10009455364
En este documento se estudia y cuantifica la incertidumbre en las minutas de las reuniones de la Junta de Gobierno del Banco de México y su relación con las variables de política monetaria. En particular, construimos dos índices de incertidumbre para la versión en español de las minutas...
Persistent link: https://www.econbiz.de/10013366023
Persistent link: https://www.econbiz.de/10009429585
quality disclosure standard.This thesis investigates the transparency or information quality of derivative disclosures of … the relationship between the transparency or disclosure quality of derivative information and firm characteristics. Second …
Persistent link: https://www.econbiz.de/10009438230
This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries … transparency is an important component of the quality of financial reporting. We measure transparency based on a disclosure index … developed from AASB 1033 Presentation and Disclosure of Financial Instruments. We examine the relationship between transparency …
Persistent link: https://www.econbiz.de/10009438340
indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004 …
Persistent link: https://www.econbiz.de/10009441502
Despite the recent trend towards greater transparency of monetary policy, in many respects central bankers still prefer … plausible assumption that there is imperfect common knowledge about the degree of central bank transparency, economic outcomes … are affected by both the actual and perceived degree of transparency. It is shown that actual transparency is beneficial …
Persistent link: https://www.econbiz.de/10009442001
The classical doctrine of the Lender of Last Resort, elaborated by Thornton (1802) and Bagehot (1873), asserts that the Central Bank should lend to "illiquid but solvent" banks under certain conditions. Several authors have argued that this view is now obsolete: when interbank markets are...
Persistent link: https://www.econbiz.de/10009442355
and poor transparency in the rules of trade. The former includes tariffs and other border measures, subsidies and non …-tariff barriers. The effect on trade flows resulting from issues of transparency is indirect. When the rules of trade are unclear for … is inhibited. If there is less investment in trade related activities, trade flows will be reduced. Poor transparency …
Persistent link: https://www.econbiz.de/10009443272