transparency. We explain the asymmetry in risk-transfer between sovereign and banking sector, following the introduction of a …

explore whether central bank cheap talk, policy transparency, both cheap talk and policy transparency or economic transparency …

Lack of transparency in securitization transactions significantly contributed to the severe financial crisis of … 20072009. To increase transparency we propose a new mechanism: financial claims with fingerprints. They would allow market … considerably enhance transparency in securitization transactions at the expense of some transaction costs, while reducing the need …