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Persistent link: https://www.econbiz.de/10004965621
interface, people’s participation, and transparency and accountability. …
Persistent link: https://www.econbiz.de/10004967087
volume of developed markets. The summary of the relevant literature indicates that improved trading transparency clearly …-cut. While the loss of anonymity most likely decreases liquidity, transparency on the quantity and price of concluded … – launched at the European level – may contribute to improving the Hungarian market’s transparency by engendering the regulation …
Persistent link: https://www.econbiz.de/10004967152
I study strategic information transmission when biases are uncertain. A perfectly informed expert advises a decision maker. The expert has biases with direction unknown to the decision maker. I show that all equilibria are of partitional form as identified by Crawford and Sobel (1982). It never...
Persistent link: https://www.econbiz.de/10004968091
This paper investigates whether macroeconomic and data transparency standards lead to lower borrowing costs in …. However, the adherence of these markets to the Code of Good Practices on Transparency in Monetary and Financial Policies … Fiscal Transparency on the changes of sovereign spreads. In addition, the results suggest that a debtor country’s internal …
Persistent link: https://www.econbiz.de/10004968648
disinfectant', the potential gains of embarking on a transparency reform strategy is given particular prominence in this chapter … transparency measures is presented. The chapter then concludes with a call for a global compact on governance and anti …
Persistent link: https://www.econbiz.de/10005789462
indicate a smaller transparency of the company. For that, proxy variables for corporate governance were defined, as well as for …
Persistent link: https://www.econbiz.de/10005790124
We study empirically the macroeconomic effects of an explicit de jure quantitative goal for monetary policy. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation of both having a quantitative target, and of hitting a...
Persistent link: https://www.econbiz.de/10005791282
Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are informative about the asset payoff, insiders get a strictly larger expected utility than outsiders. Yet, information acquisition by one investor exerts a negative...
Persistent link: https://www.econbiz.de/10005791285
firms, elasticity of substitution between goods and degree of transparency on equilibrium prices. The main result is that …
Persistent link: https://www.econbiz.de/10005791681