This owner’s manual should be considered a permanent part of the vehicle and should remain with the vehicle when it is sold. This owner’s manual covers all models of the Accord Coupe. You may find descriptions of equipment and features that are not on your particular model. The information and specifications included in this publication were in effect at the time of approval for printing. Honda Motor Co., Ltd. reserves the right, however, to discontinue or change specifications or design at any time without notice and without incurring any obligation whatsoever.
Your safety, and the safety of others, is very important. And operating this vehicle safely is an important responsibility. To help you make informed decisions about safety, we have provided operating procedures and other information on labels and in this manual. This information alerts you to potential hazards that could hurt you or others. Of course, it is not practical or possible to warn you about all the hazards associated with operating or maintaining your vehicle. You must use your own good judgement.
Overview of Contents
The Argentine banking system went through a period of major restructuring during the 1990s. After an unsuccessful prior experience with financial liberalization in the 1980s, Argentina began a process of strengthening and restructuring its banking system, which accompanied the introduction of a currency board in 1991. This process was characterized by the adoption of stricter regulatory standards, the privatization of several provincial banks, the facilitation of foreign entry into the domestic banking system, and the introduction of market-based approaches for bank discipline.
During the period 1992-1999, the structure of the banking system changed substantially. More than 90 institutions were closed, including 54 banks and 14 non-banks. The number of institutions in the system decreased from 212 in 1992 to 119 by mid-1999. There were also 18 privatizations, mainly of provincial banks (Calomiris and Powell, 2000). In addition, beginning in 1995, several foreign banks entered the domestic market, primarily through acquisitions of domestic institutions. As a result, by 1999, around half of the assets in the banking system were under foreign control. Foreign banks also had minority stakes in several other institutions. Privatization and foreign entry resulted in aggressive competition among financial institutions for market share.
A fundamental factor in wealth creation in an economy is the efficiency with which capital is allocated to investment opportunities. Efficiency is a function of the extent to which firms’ managers allocate capital to positive net present value (NPV) projects, avoid negative NPV projects, and promptly withdraw capital from projects discovered to be losers at some point after project initiation. Economic theories posit that formal financial markets and associated institutions improve the capital allocation process and thus contribute to economic growth. One key economic institution associated with capital markets is the financial accounting system.
How the efficiency of corporate investment decisions around the world varies with properties of financial accounting information is an important, open question. Financial accounting information can facilitate efficient resource allocation decisions by signaling changing investment opportunities to managers and outside investors, disciplining self-interested managers to maximize value, and reducing firms’ cost of capital.
