Examining legislative challenges to central bank autonomy: macroeconomic and agency-costs models

Article Abstract:

The paper examines the determinants of the legislative threats from the US Congress to the Federal Reserve prerogatives of budgetary authority, autonomy and secrecy. The study of two sets of correlates of Federal ReserveEs management of the macro economy, and its budget building activity are modeled. The study concludes that the agency costs/political model is superior to macroeconomic model in explaining variations in legislative threats from US Congress over time.

United States, Science & research, Research, United States. Federal Reserve Board, Powers and duties, United States. Congress, Macroeconomics

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A signaling motive for self-regulation in the shadow of coercion

Article Abstract:

A study on the regulatory compliance by business enterprises is presented. Analysis of voluntary compliance vis-a-vis regulatory compliance is also presented. The effect of the costs on compliance is also examined.

United Kingdom, Venture Analysis, Economic aspects, Business enterprises, Regulatory compliance

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Financial liberalisation: from segmented to integrated economies

Article Abstract:

The integration of global stock markets through the expansion of the investment marketplace is discussed.

World, Stock-exchange, Stock exchanges, Capital market, Capital markets, Stock prices, Return on investment, Rate of return

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