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Reforming the Corporate Governance of Italian Banks

Jassaud, Nadège - International Monetary Fund (IMF) - 2014

Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...

Persistent link: https://www.econbiz.de/10010959465

Modern Banking and OTC Derivatives Markets; The Transformation of Global Finance and its Implications for Systemic Risk

Drees, Burkhard; Schinasi, Garry J.; Kramer, Charles … - International Monetary Fund (IMF) - 2001

Persistent link: https://www.econbiz.de/10005590943

Overview of the Indian Corporate Sector: 1989-2002

Topalova, Petia - International Monetary Fund (IMF) - 2004

This paper uses firm-level data to examine the performance of India's nonfinancial corporate sector since 1989 and evaluate its financial vulnerabilities. While promising trends in liquidity, profitability, and leverage of the sector emerged in the early 1990s, they experienced a reversal after...

Persistent link: https://www.econbiz.de/10005768803

Progress in China'S Banking Sector Reform; Has Bank Behavior Changed?

Podpiera, Richard - International Monetary Fund (IMF) - 2006

Substantial effort has been devoted to reforming China's banking system in recent years. The authorities recapitalized three large state-owned banks, introduced new governance structures, and brought in foreign strategic investors. However, it remains unclear the extent to which currently...

Persistent link: https://www.econbiz.de/10005769002

State-Owned Banks, Stability, Privatization, and Growth; Practical Policy Decisions in a World without Empirical Proof

Andrews, Michael - International Monetary Fund (IMF) - 2005

This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider the relationship between state-owned banks and...

Persistent link: https://www.econbiz.de/10005769003

Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia

Zalduendo, Juan - International Monetary Fund (IMF) - 2003

facilitated restructuring among surviving firms, and concludes that private sector ownership, hard budget constraints, and market … privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms. …

Persistent link: https://www.econbiz.de/10005599589

Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons

International Monetary Fund (IMF); International … - 2000

After several years of transition, major weaknesses in the banking and enterprise sectors remain the root cause of low growth. A large share of nonperforming assets in the portfolio of large banks, stemming from losses in the enterprise sector, has been a key impediment to financial sector...

Persistent link: https://www.econbiz.de/10005605316

How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine

Pivovarsky, Alexander - International Monetary Fund (IMF) - 2001

This paper investigates the relationship between ownership concentration and enterprise performance in Ukraine. Using … data on 376 medium and large enterprises, it finds that ownership concentration is positively associated with enterprise … performance in Ukraine. The paper also finds that concentration of ownership by foreign companies and banks is associated with …

Persistent link: https://www.econbiz.de/10005826048

Transparency and International Investor Behavior

Wei, Shang-Jin; Gelos, Gaston - International Monetary Fund (IMF) - 2002

Does country "transparency" affect international portfolio investment? We examine this and related questions using a unique micro dataset on international portfolio holdings. We employ various indices of government and corporate transparency, focusing on the availability and quality of...

Persistent link: https://www.econbiz.de/10005826295

Valuation of Unlisted Direct Investment Equity

Elkjaer, Thomas; Damgaard, Jannick; Kumah, Emmanuel O. - International Monetary Fund (IMF) - 2009

This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally...

Persistent link: https://www.econbiz.de/10008497603