The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge is to restore growth and manage downside risks while allowing for an orderly adjustment of private sector balance sheets. A focus on medium-term objectives will cement policy...

This paper focuses on Saudi Arabia’s Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision. The banking sector is fairly concentrated around a few banks. The seven largest banks have a combined share of assets of 85 percent. The three largest...

In der Gesetzlichen Rentenversicherung (GRV) gilt gemäß § 158 Abs. 1 SGB VI eine Regel zur Anpassung des Beitragssatzes. Unterschreitet die Nachhaltigkeitsrücklage den Mindestwert von 0,2 Monatsausgaben der GRV, muss der Beitragssatz erhöht werden. Übersteigt sie hinge-gen den Höchstwert...

This document presents the final policy framework that establishes minimum standards for margin requirements for non-centrally cleared derivatives as agreed by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). This final...

We characterize the relation between asset structure and capital structure by exploiting variation in the salability of corporate assets. Theory suggests that asset tangibility increases borrowing capacity because it allows creditors to more easily repossess a firm's assets. Tangible assets,...