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We use financial accounts data at sector level to construct financial networks for individual euro area countries. We then connect the country-level networks to one large “Macro Network”, using information on cross-border linkages between the national banking sectors. We then evaluate the...
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We examine how firms' accounting quality affects their reaction to monetary policy. The balance sheet channel of … monetary policy predicts that the quality of firms' accounting reports plays a role in transmitting monetary policy by … affecting information asymmetries between firms and capital providers. Consistent with this prediction, we find that accounting …
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announcements. While characteristics of restating firms and the consequences of restatement have been a central topic in accounting …
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This paper examines the important but not often discussed issue of accounting in central banks. It highlights the … bank accounting. In terms of balance sheet items, we discuss banknotes, shareholders' equity, gold, foreign exchange and …
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