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Small jurisdictions have become significant players in cross-border corporate and financial services. Their nature, legal status, and market roles, however, remain under-theorized. Lacking a sufficiently nuanced framework to describe their functions in cross-border finance - and the peculiar...
Persistent link: https://www.econbiz.de/10013007073
Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...
Persistent link: https://www.econbiz.de/10014101938
This article addresses the origins and potential evolutionary perspectives of one of the most frequently recurring words in the international tax policy debate: transparency. In doing so, this study introduces a two-level analysis. At a background level, it acknowledges that transparency is - by...
Persistent link: https://www.econbiz.de/10014263777
This paper examines how cooperation between national securities regulators affects equity market liquidity, using the International Organization of Securities Commissions' (IOSCO's) Multilateral Memorandum of Understanding (MMoU) as a shock to cooperation. The MMoU was set up to protect...
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Today international society faces a challenge in addressing the global financial crises. Despites never-ending debating on the key causes of financial crises, it seems quite certain that there do exist a great deal of "uncertainty" in global financial market. Unlike risk, uncertainty cannot be...
Persistent link: https://www.econbiz.de/10012857106
Accounting Standards Board (IASB) is the world’s standard-setter on financial reporting. This Article focuses on the adoption of … IFRS around the world and provides a better framework for analyzing the IFRS adoption process as an example of … adopted IFRS did so under pressure from international institutions such as the World Bank and the International Monetary Fund …
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