Showing 1 - 10 of 25
have been worked through. Greater market discipline, in the form of a regime of quarterly public disclosure by banks of … determine the risks they face. Banking inherently involves the taking of risks, but transparency and improved public information …
Persistent link: https://www.econbiz.de/10005419681
. Increasing the information exchanged and co-operation among supervisors would be helpful, but emphasizing public disclosure by …
Persistent link: https://www.econbiz.de/10005648839
The aim of the present analysis is to shed light on the question whether Central Banks should publish their macroeconomic forecasts, and what could possibly be gained in monetary policy if they did so. We show that disclosing the Central Bank’s assessment of the prevailing inflationary...
Persistent link: https://www.econbiz.de/10005423709
liquidity induces depositors to have excessive incentives to withdraw. An im-provement in transparency of a bank may reduce …In this paper, we investigate the relationship between the transparency of banks and the fragility of the banking …’ control over the timing of information disclosure, and find that they may lack the incentive to reveal in-formation about …
Persistent link: https://www.econbiz.de/10005648950
roles played by organizational structures, accountability and transparency in increasing the efficiency and effectiveness of …
Persistent link: https://www.econbiz.de/10005648956
improvements to investor protection and, similar to the US Sarbanes-Oxley Act, tightened disclosure rules at the cost of increasing … tightened disclosure rules and increased work loads, whereas news of delays in implementation of reform were largely positive …. This raises the question of whether strengthening investor protection by requiring greater transparency necessarily …
Persistent link: https://www.econbiz.de/10008496954
This paper argues that, despite the substantial independence offered by the Maastricht Treaty, the ESCB will wish to bind itself by a set of voluntary rules in the conduct of monetary policy. This binding will occur because of the demands of policy itself. The ESCB as such has no history of a...
Persistent link: https://www.econbiz.de/10005190770
This paper examines through various channels the effects of CEO social network heterogeneity on firm value. We construct four measures of heterogeneity based on demographic attributes, intellectual backgrounds, professional experience, and geographical exposures of individuals in the CEO social...
Persistent link: https://www.econbiz.de/10010584392
We study the long standing issue of whether markets can supply banks with sufficient liquidity or whether markets … model of Holmström and Tirole (1998) on the supply of liquidity to firms. H&Ts original model analyses liquidity supply to … problems associated with transitory liquidity outflows, even absent any change in a bank's value. Our premise is that the scope …
Persistent link: https://www.econbiz.de/10005419679
Averaging the reserve requirement is often considered an efficient way to reduce volatility at the very short end of the money market yield curve. The Bank of Finland began to apply an averaging provision at the beginning of October 1995. Notably, the volatility of the overnight rate of interest...
Persistent link: https://www.econbiz.de/10005423707