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This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
Using data for a sample of developing and transition countries, this paper estimates the relationship between government spending on health care and education, and social indicators. Unlike previous studies, where social indicators are used as proxies for the unobservable health and education...
Persistent link: https://www.econbiz.de/10014399239
The global financial crisis underscored the costs of systemic instability at both the national and global levels and highlighted the importance of dedicated macroprudential and capital flow management policies. The IMF has been assisting its members with policy advice as well as developing and...
Persistent link: https://www.econbiz.de/10014408571
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
This technical note discusses key findings of the assessment of Insurance Core Principles (ICP) for the reinsurance … industry for Switzerland. It reveals that the Swiss reinsurance market is dominated by three large players with a strong … international presence. The reinsurance industry comprises 20 professional reinsurers and 50 reinsurance captives with gross …
Persistent link: https://www.econbiz.de/10014407024
Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the...
Persistent link: https://www.econbiz.de/10011242543
This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no...
Persistent link: https://www.econbiz.de/10011244882
The design of the German banking supervision framework is structurally sound, with a robust legislative and operational framework that largely complies with the Basel Core Principles for effective banking supervision (BCP). Various improvements to the German supervisory framework have been...
Persistent link: https://www.econbiz.de/10011245319
This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors...
Persistent link: https://www.econbiz.de/10011245457