City University London

About: City University London is a education organization based out in London, United Kingdom. It is known for research contribution in the topics: Population & Health care. The organization has 5735 authors who have published 17285 publications receiving 453290 citations.

Official Intervention in the Foreign Exchange Market: Is it Effective, and, If so, How Does it Work?

Abstract: In this Paper we assess the progress made by the profession in understanding whether and how exchange rate intervention works. To this end, we review the theory and evidence on official intervention, concentrating primarily on work published within the last decade or so. Our reading of the recent literature leads us to conclude that, in contrast with the profession's consensus view of the 1980s, official intervention can be effective, especially through its role as a signal of policy intentions, and especially when it is publicly announced and concerted. We also note, however, an apparent empirical puzzle concerning the secrecy of much intervention and suggest an additional way in which intervention may be effective but which has so far received little attention in the literature, namely through its role in remedying a coordination failure in the foreign exchange market.

Theory of own mind in autism Evidence of a specific deficit in self-awareness?

Abstract: Assuming that self-awareness is not a unitary phenomenon, and that one can be aware of different aspects of self at any one time, it follows that selective impairments in self-awareness can occur. This article explores the idea that autism involves a particular deficit in awareness of the 'psychological self', or 'theory of own mind'. This hypothesised deficit renders individuals with autism spectrum disorder (ASD) at least as impaired at recognising their own mental states as at recognising mental states in other people. This deficit, it is argued, stands in contrast to an apparently typical awareness of the 'physical self' amongst people with autism. Theoretical implications of the empirical evidence are discussed.

Mandatory IFRS Adoption and Institutional Investment Decisions

Abstract: We examine whether the mandatory introduction of International Financial Reporting Standards leads to an increase in institutional investor demand for equities. Using a large ownership database covering all types of institutional investors from around the world, we find that institutional holdings increase for mandatory IFRS adopters. Changes in holdings are concentrated around first-time annual reporting events. Second, we document that the positive IFRS effects on institutional holdings are concentrated among investors whose orientation and styles suggest they are most likely to benefit from higher quality financial statements, including active, value, and growth investors. These results are consistent with holdings changes being associated with the financial reporting regime change. Finally, we show that increased institutional holdings are concentrated in countries in which enforcement and reporting incentives are strongest, and where the differences between local GAAP and IFRS are relativel...

Developing European indicators of trust in justice

Abstract: A social indicators approach to trust in justice recognizes that the police and criminal courts need public support and institutional legitimacy if they are to operate effectively and fairly. In order to generate public cooperation and compliance, these institutions must demonstrate to citizens that they are trustworthy and that they possess the authority to govern. In this paper we first outline the conceptual roadmap for a current comparative analysis of trust in justice. We then describe the methodological development process of a 45-item module in Round 5 of the European Social Survey, which fields the core survey indicators. After presenting the findings from a quantitative pilot of the indicators, we consider the policy implications of a procedural justice model of criminal justice.