Ambiguity, Transparency, and Institutional Strength /

Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which may result in lower Knightian uncertainty (ambiguity). In a model based on cumulative prospect theory,...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Erbas, S.
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2004.
Cyfres:IMF Working Papers; Working Paper ; No. 2004/115
Pynciau:
Mynediad Ar-lein:Full text available on IMF
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020 |z 9781451853896 
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100 1 |a Erbas, S. 
245 1 0 |a Ambiguity, Transparency, and Institutional Strength /  |c S. Erbas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which may result in lower Knightian uncertainty (ambiguity). In a model based on cumulative prospect theory, for a given probability and payoff structure, expected return on investment is higher in more transparent countries; therefore, those countries attract more investment and grow faster than less transparent countries. Lower transparency may result in inherently higher volatility. 
538 |a Mode of access: Internet 
650 7 |a Analysis Of Collective Decision-Making  |2 imf 
650 7 |a Expected Return  |2 imf 
650 7 |a Horizontal Integration  |2 imf 
650 7 |a Vertical Integration  |2 imf 
650 7 |a WP  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/115 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/115/001.2004.issue-115-en.xml  |z IMF e-Library