Showing 1 - 10 of 701
This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and...
Persistent link: https://www.econbiz.de/10005605398
This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United Kingdom. The analysis starts in 2002, by which point U.S....
Persistent link: https://www.econbiz.de/10005826197
background of growing pressure to align them with those of other EC countries. The paper develops an integrated accounting …
Persistent link: https://www.econbiz.de/10005826667
Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...
Persistent link: https://www.econbiz.de/10011245904
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10011242231
Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of … major jurisdictions. For the most part, it is compliant with international standards and regulation, and oversight by the … Israel Securities Authority is robust and effective. With regard to the regulation of broker dealers, there is a significant …
Persistent link: https://www.econbiz.de/10011242660
regulation in the United States are present. The legal and accounting system supports the implementation of requirements and … Securities Commissions’ Objectives and Principles of Securities Regulation. The general preconditions for effective securities … effective regulation of market participants. The legislation regarding bankruptcy, insolvency, and winding up in the …
Persistent link: https://www.econbiz.de/10011243733
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that …
Persistent link: https://www.econbiz.de/10011142148