Series: IMF Working Papers
Author(s): S. Erbas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: risk, Knightian uncertainty, vertical and horizontal integration, institutions, probability, probabilities, investors, investment decisions, expected value, Analysis of Collective Decision-Making: General
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 low...