This article analyses the evolution of poverty and living conditions in Senegal using household surveys conducted over 2005-2009 within the context of the country’s efforts to achieve by 2015 the targets set forth under the Millennium Development Goals (MDGs). The article was prepared as part...

In response to the recent Financial Crisis - after it had been widely accepted that “a serious disturbance in the economy of Member States” had occurred, and that several measures were required to remedy this disturbance, various Commission communications were adopted. The Communications...

In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions „called for an assessment, on the basis of the BCBS...

This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...

This article analyses the impact of the economic crisis (including the increase in food prices) on the well-being of household in the Central African Republic, relying on both a quantitative analysis of the latest household survey available and a qualitative analysis through focus groups. Three...

This article assesses the importance of risk in the measurement of rural poverty in Burkina Faso. The analysis is based on longitudinal data collected as part of monitoring and evaluation activities for the PNGT-2 project on community development in the country. The first part of the study is...

Cape Verde has enjoyed rapid economic growth over the past twenty years. Existing studies suggest hat the proportion of the population in poverty declined from 49.0 percent in 1988-89 to 36.7 percent in 2001-02. The results presented here suggest a continuation of this trend with only 26.6...

Since 2003, Guinea has been affected by a deep economic crisis that has contributed to exacerbating already high levels of poverty. This paper documents poverty trends in Guinea using the last three household surveys available, implemented in 1994/95, 2002/03, and 2007. The estimates suggest...

Developments since the introduction of the 1988 Basel Capital Accord have resulted in growing realisation that new forms of risks have emerged and that previously existing and managed forms require further redress. The revised Capital Accord, Basel II, evolved to a form of meta regulation – a...

As well as a consideration of why the lender of last resort facility should be used for emergency situations and systemically relevant institutions in particular, an interesting point which will be considered in this paper is the comparison between the European Central Bank (ECB) Recommendation...