We investigate monetary-policy autonomy under different exchange-rate regimes in small, open European economies during the 1980s and 1990s. We find no systematic difference in the degree of nominal monetary-policy autonomy enjoyed by those countries that pursue flexible exchange-rate regimes as...

The multifaceted concept of transparency / Jens Forssbæck and Lars Oxelheim -- Constitutional transparency / Richard J. Sweeney -- Monetary policy transparency / Petra M. Geraats -- Fiscal policy transparency / Iain Begg -- Transparent and unique sovereign default risk assessment / Edward I....

Ceding ownership to outside investors provides a control dilemma for founders. In less developed capital markets with weaker formal institutions, we argue that retained founder director ownership can lower the transaction costs of external capital. Our argument rests on incomplete contracting...

The paper acknowledges the changed geopolitical map and the new adjacent political mindset and examines the current state of the relationship between MNEs and governments/central banks. The focus is on the implications of these changes for business policy in a sustainable finance perspective....

Research Question/Issue: This is a study of the relationship between business group ownership and constituent firms' adoption of Anglo-American shareholder value governance in African firms at the undertaking of an initial public offering (IPO).Research Findings/Insights: We find business group...

There is widespread agreement in the current social and economic debate that the integration of nations is growing worldwide. Many structural signs in society suggest the same. Integration has become a catch word in the preparations for the internal market of the EC, and a keynote in the debate...