We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low … underestimation of emissions from fossil energy firms (imperfect disclosure) provides them with too much funding. While improving … disclosure in isolation has limited effects, it proves most beneficial in connection with higher carbon taxes: Improving …

The global financial crisis has exposed the many limits of disclosure as an effective regulatory tool in financial … understand them. In the case of banks, disclosure-based market discipline failed mainly because of the implicit government … guarantee. In the case of capital markets, the reasons for disclosure's failure were product complexity and the impact of socio …

In crisis times, insurance companies might feel the pressure to present a performance of their investment portfolios … influences insurance firms' decisions on the allocation of credit risk bearing assets in their investment portfolio. I find …

In crisis times, insurance companies might feel the pressure to present an investment portfolio performance that is …' safety. I investigate how a stock market crisis as experienced over the course of the Covid-19 pandemic influences insurance …