environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …

literature considers transparency a means to establish central bank’s credibility. The contribution of this paper is twofold …. Indeed, the degree of central bank’s transparency influences the effectiveness of its policy to stabilize inflation in terms …-push shocks. Second, it stresses that transparency is not just a means to achieve credibility but is essential per se for the …

literature considers transparency a means to establish central bank's credibility. The contribution of this paper is twofold …. Indeed, the degree of central bank's transparency influences the effectiveness of its policy to stabilize inflation in terms …-push shocks. Second, it stresses that transparency is not just a means to achieve credibility but is essential per se for the …

environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … transparency and partial publicity to control market reaction to their disclosures. …

The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …