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We develop a methodology for testing Hick's induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests: (i) the...
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The Detailed Assessments of the Observance of Standards and Codes on the IOSCO Objectives and Principles of Securities …
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This report reviews the Financial Sector Assessment Program of the Philippines on International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation. The report was prepared by a staff team of the International Monetary Fund and the World Bank as part...
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The relationship between the observance of financial system standards and financial stability is complex owing to the … multitude of macroeconomic and structural factors affecting stability. Therefore, assessments of standards in terms of technical …
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supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and … systems. We find that countries' regulatory frameworks score on average one notch below full compliance with the standards (on …
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