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The discussion in this note seeks to preserve the beneficial features of securitization while mitigating those that may pose risks to financial stability. A comprehensive set of reforms—targeting both supply- and demand-side inefficiencies—will be needed to put securitization back...
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We investigate shareholders' reactions to the increased transparency of corporate tax haven activities in a hand …-collected subsidiary data set covering 17,331 publicly listed firms in 52 countries. An increase in transparency through the staggered …
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provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …
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sheet transparency. …
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