This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...

The practice of international trade has evolved from the purchase of final goods of foreign origin to production sharing, now commonly referred to as offshore outsourcing. Due to the nature of direct replacement of domestic tasks with foreign ones, the discussions about offshore outsourcing tend...