Ambiguity, transparency, and institutional strength /

Saved in:
Bibliographic Details
Author / Creator:Erbas, S. Nuri, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2004.
Description:1 online resource (31 pages).
Language:English
Series:IMF working paper, 2227-8885 ; no. WP04/115
IMF working paper ; WP/04/115.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496054
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund. Middle East and Central Asia Department, issuing body.
ISBN:1282046071
9781282046078
9781451899306
1451899300
9781451853896
1451853890
ISSN:2227-8885
Notes:"July 2004."
At head of title: Middle East and Central Asia Department.
Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary: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.
Other form:Print version: Erbas, S. Nuri. Ambiguity, transparency, and institutional strength. [Washington, D.C.] : International Monetary Fund, ©2004
Standard no.:10.5089/9781451899306.001

MARC

LEADER 00000cam a2200000Ia 4500
001 12496054
006 m o d
007 cr bn||||||abp
007 cr bn||||||ada
008 100712s2004 dcu o 000 0 eng d
005 20240822221353.6
019 |a 801658211  |a 817795537  |a 883876436  |a 1044384910  |a 1056421063  |a 1060943521  |a 1073071954  |a 1103585635  |a 1107335731  |a 1148122632  |a 1202557666 
020 |a 1282046071 
020 |a 9781282046078 
020 |a 9781451899306 
020 |a 1451899300  |q (E-Book) 
020 |a 9781451853896 
020 |a 1451853890 
022 |a 2227-8885 
024 8 |a 10.5089/9781451899306.001 
035 9 |a (OCLCCM-CC)646853913 
035 |a (OCoLC)646853913  |z (OCoLC)801658211  |z (OCoLC)817795537  |z (OCoLC)883876436  |z (OCoLC)1044384910  |z (OCoLC)1056421063  |z (OCoLC)1060943521  |z (OCoLC)1073071954  |z (OCoLC)1103585635  |z (OCoLC)1107335731  |z (OCoLC)1148122632  |z (OCoLC)1202557666 
037 |b 00013468 
040 |a OCLCE  |b eng  |e pn  |c OCLCE  |d OCLCA  |d OCLCQ  |d OCLCO  |d OCLCA  |d CUS  |d OCLCO  |d IDEBK  |d OCLCA  |d OCLCQ  |d OCLCF  |d VT2  |d EBLCP  |d DEBSZ  |d OCLCQ  |d MERUC  |d CEF  |d AU@  |d OCLCQ  |d FIE  |d OCLCQ  |d OCLCO 
042 |a dlr 
049 |a MAIN 
050 4 |a HG3881.5.I58  |b W67 no.04/115 
100 1 |a Erbas, S. Nuri,  |e author.  |0 http://id.loc.gov/authorities/names/no93028793 
245 1 0 |a Ambiguity, transparency, and institutional strength /  |c prepared by S. Nuri Erbas. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2004. 
300 |a 1 online resource (31 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper,  |x 2227-8885 ;  |v no. WP04/115 
500 |a "July 2004." 
500 |a At head of title: Middle East and Central Asia Department. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [S.l.] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
520 |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. 
588 0 |a Print version record. 
505 0 |a "Contents"; "I. INTRODUCTION"; "II. INSTITUTIONAL QUALITY AND TRANSPARENCY "; "III. THE MODEL"; "IV. CONCLUSIONS"; "TECHNICAL APPENDIX PROOF OF THE THEOREM IN EQUATION (3)"; "REFERENCES" 
504 |a Includes bibliographical references. 
650 0 |a Corporate governance  |x Econometric models. 
650 0 |a Investments  |x Econometric models. 
650 0 |a Rate of return  |x Econometric models. 
650 6 |a Gouvernement d'entreprise  |x Modèles économétriques. 
650 6 |a Investissements  |x Modèles économétriques. 
650 6 |a Taux de rendement  |x Modèles économétriques. 
650 7 |a Corporate governance  |x Econometric models.  |2 fast  |0 (OCoLC)fst00879650 
650 7 |a Investments  |x Econometric models.  |2 fast  |0 (OCoLC)fst00978254 
650 7 |a Rate of return  |x Econometric models.  |2 fast  |0 (OCoLC)fst01090237 
655 4 |a Electronic books. 
655 0 |a Electronic books. 
710 2 |a International Monetary Fund.  |b Middle East and Central Asia Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/no2004029012 
776 0 8 |i Print version:  |a Erbas, S. Nuri.  |t Ambiguity, transparency, and institutional strength.  |d [Washington, D.C.] : International Monetary Fund, ©2004  |w (OCoLC)56545468 
830 0 |a IMF working paper ;  |v WP/04/115.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2004/115/001.2004.issue-115-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i e78878a4-2546-5ae4-a88e-ed6d5ab75dfb  |s 2cbd4c6a-dd54-5dcf-bf31-1d5e21724141 
928 |t Library of Congress classification  |a HG3881.5.I58W67 no.04/115  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2004/115/001.2004.issue-115-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12140074