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Accountability and Transparency in Central Banking
de Grauwe, Paul; Gros, Daniel - 2009
The study discusses the relationship between accountability and transparency in central banking and the role and scope of parliamentary scrutiny. Special attention is given to the consequences of the current crisis for this area. For the authors, the current crisis shows that price stability...
Persistent link: https://www.econbiz.de/10011902412
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Position paper : Alternative Performance Measures - APM
European Securities and Markets Authority - 2014
Persistent link: https://www.econbiz.de/10010369737
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Opinion : Emergency measure by the Greek HCMC under Section 1 of Chapter V of Regulation No 236/2012 on short selling and certain aspects of credit default swaps
European Securities and Markets Authority - 2015
Persistent link: https://www.econbiz.de/10011287844
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Consultation paper : regulatory technical standards on the CSD Regulation ; the operation of the Buy-in Process
European Securities and Markets Authority - 2015
Persistent link: https://www.econbiz.de/10011287845
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Indeterminacy of rational expectations equilibria in sequential financial markets
Donati, Paola - 2003
We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...
Persistent link: https://www.econbiz.de/10009635915
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International equity flows and returns
Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004
This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...
Persistent link: https://www.econbiz.de/10009636533
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Risk sharing through financial markets with endogenous enforcement of trades
Köppl, Thorsten V. - 2004
borrowing limits by paying fees to an intermediary who finances the costs of enforcement. We show that financial markets always … limits and price schedules that include a separate default premium. Enforcement costs - or, equivalently, default premia … - increase borrowing costs, while interest rates per se depend on the change in enforcement over time. …
Persistent link: https://www.econbiz.de/10009636542