Bouvard, Matthieu; Chaigneau, Pierre; Motta, Adolfo de - Centre Interuniversitaire sur le Risque, les Politiques … - 2012
transparency is contingent on the state of the economy, with the regulator increasing disclosure in times of crises. Under this … policy, however, an increase in disclosure signals a deterioration of the economy’s fundamentals, so the regulator has …
