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This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the … Spanish financial stability arising from household indebtedness. The analysis expands the use of microlevel data to assess … household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation …
Persistent link: https://www.econbiz.de/10014395879
Nonperforming Loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. The Credit Bureau, maintained by the Association of Serbian Banks, also discloses dramatic increases in corporate and retail defaults over the past year. NPL...
Persistent link: https://www.econbiz.de/10012247156
This Technical Note assesses Corporate and Household Debt Restructuring in Serbia. As of June 2009, nonperforming loans …
Persistent link: https://www.econbiz.de/10014404516
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10014407049
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent …
Persistent link: https://www.econbiz.de/10014395990
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
Cooperation and Development (OECD), the United Nations Economic Commission for Europe (UNECE), and the World Bank. The IMF managed …
Persistent link: https://www.econbiz.de/10015452128
This paper outlines legal developments related to floating currencies, gold, and special drawing rights (SDRs) in the IMF. The Articles of the Fund require each member to establish a par value for its currency in terms of gold as a common denominator. Alternatively, the par value may be...
Persistent link: https://www.econbiz.de/10014394398
This paper discusses the possibility of an IMF that would be based fully on the special drawing right (SDR). The paper explores the basic economic justification for a General Department restructured in this way, the broad outline of the structure that would have to be established, the liquidity...
Persistent link: https://www.econbiz.de/10014394401
This paper examines legal developments in area of floating currencies, special drawing rights, and gold in the IMF. It highlights that the breakdown of the par value system of the original Articles of the IMF and the failure of the IMF's efforts to substitute a comparable system based on central...
Persistent link: https://www.econbiz.de/10014394405