| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1041 |
| DP1041 The Impact of Exchange Rate Fluctuations on European Union Trade | |
| André Sapir; Axel A. Weber; Khalid Sekkat | |
| 发表日期 | 1994-11-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper looks at empirical evidence and economic theory in order to find some guidelines for building the institutions of a financial system. It argues that in the countries in transition, priority should be given to stimulating information generation about investment opportunities, and to ensuring substantial external evaluation of companies' potential. The actual evolution of financial systems in Central and East European countries shows, however, that banks are playing an increasingly important role, and that very close links are developing between the banking and the industrial sectors. If banks are to become not only privileged creditors, but also shareholders of firms, the information needed for efficient restructuring may become the victim of excessive commitment. |
| 主题 | Financial Economics |
| 关键词 | Corporate control Financial systems Information Transition |
| URL | https://cepr.org/publications/dp1041 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530193 |
| 推荐引用方式 GB/T 7714 | André Sapir,Axel A. Weber,Khalid Sekkat. DP1041 The Impact of Exchange Rate Fluctuations on European Union Trade. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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