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|a Corporate and institutional transparency for economic growth in Europe /
|c edited by Lars Oxelheim.
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|a 1st ed.
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|a Amsterdam ;
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|c 2006.
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|a International business and management ;
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|a Includes bibliographical references and indexes.
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|a Cover -- Corporate and Institutional Transparency for Economic Growth in Europe -- Contents -- Contributors -- Preface -- Outline of the book -- Transparency, Capital Formation, and Economic Growth -- Introduction -- Growth, Capital, and Transparency: Main Insights from the Literature and a Framework -- Transparency and European Integration -- Optimal Transparency? -- The Link between Transparency, Political Risk, and Economic Growth-an Example -- Conclusions -- References -- Economic Policy and Institutional Transparency: The ECB£ -- Introduction -- The Changing Face of CBs -- The Meaning of Transparency as Applied to CBs -- Transparency of the ECB's Monetary Policy -- Issues for Debate -- Concluding Comments -- References -- Transparency in Competition Policy -- Introduction -- Transparency and Competition Policy -- Transparency of Competition Policy Enforcement within the EU -- Transparency in Multijurisdictional Merger Enforcement in the Global Economy -- Conclusions -- Acknowledgement -- References -- Environmental Policy and Institutional Transparency in Europe£ -- Introduction -- Local Standards and Civil Society Activism -- National Standards and Divergence within the EU -- Supranational Level and Uncertainties Related to Climate Change Policy -- Conclusions -- Acknowledgements -- References -- Transparency in Human Capital Policy: A Prerequisite for European Economic growth -- Introduction -- Transparency in Human Capital Policy and Economic Growth -- Transparency Aspects of the Open Method of Coordination -- What to Aim For? The Relationship between Targets and Reference Levels -- How to Weight the Various Objectives? The Aggregation Problem -- The Objectives of the EU Educational Policy and Indicators for these Objectives -- Monitoring Targets and Reference Levels in Practice -- Sensitivity of Country Rankings to the Choice of Weights for Individual Target Indicators -- Conclusions -- References -- Transparency in Bankruptcy Law: A Perspective on Bankruptcy costs across Europe -- Introduction -- Bankruptcy Systems and Their Potential Costs -- Bankruptcy Codes across Europe -- Costs Relevant to Different Codes and Their Relative Magnitude -- Recent Reform -- References -- Economic Growth and the Governance of the financial sector in the EU: What role for Regulatory Transparency? -- Introduction -- The Role of Governance in Determining Growth Outcomes -- The Need for Regulatory Transparency in an Age of Global and Regional Integration -- Transparency in the New EU Financial Regulatory-Supervisory Framework -- Vertical and Horizontal Transparency in EU Financial Regulation -- Conclusion -- References -- Bank Insolvency Procedures and Market Discipline in European Banking -- Introduction -- The Role of Market Discipline and Insolvency Proceduresđ -- Distress Resolution Procedures in Europe -- Testing for the Relationship between Credibility of Non-insurance and Market Discipline -- Data -- Empirical Results for the Probability of Banking Crisis and Explicit Deposit Insurance -- Concluding Remarks -- References -- Legal Determinants of the Return on Equity£ -- Introduction -- The Model -- Stock Market Returns and Legal Variables -- Dividend Yields and Legal Variables -- Concluding Remarks -- Acknowledgments -- References -- The European Adoption of Inter.
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