Search results for: Regulation
Daniel Cash, World Economics, December 2016
The Universal Credit Rating Group (UCRG) is a collection of rating agencies that are aiming to redress what they see as an imbalance in the provision of credit ratings across the global economy. This article describes the UCRG and discuss as its chances of succeeding in its goal of offering a viable opposition to the Big Three rating agencies. What is proposed by this article, is that although the Group provide a welcome narrative, the foundation to their endeavour is potentially lethal to their chances of success.
M.G.Quibria, World Economics, June 2016
This article provides a select review of data used as indicators of governance. Despite the popularity and considerable success of the existing body of governance indicators in putting the spotlight on governance inadequacies in developing countries, they are fraught with a whole host of statistical and measurement issues. It argues that these indicators should be applied with caution, keeping their shortcomings in mind.
Friedrich Schneider, World Economics, December 2001
Estimates of the size of the shadow economy in 21 OECD countries are
presented. The average size of the shadow economy (as a percentage of ‘official’
GDP) over 1999/2000 in these countries is 16.7%. The author concludes that it is
the increasing burden of taxation and social security contributions, combined
with rising state regulatory activities, that are the driving forces for the recent growth in size of the shadow economy in the countries concerned.
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