In light of the experience of the global financial crisis, this book develops concrete recommendations for financial sector reform and regulation in Asian economies aimed at preventing the recurrence of systemic financial crises, improving the ability to manage and resolve crises, managing...

After analyzing the different reasons why the financial system and also the regulatory framework induced procyclicality, this paper reviews the experiences of three countries which have introduced dynamic provisioning as a regulatory tool to limit procyclicality. The case of Spain—the country...

Ensuring the involvement of private sector creditors in the resolution of sovereign debt crises is crucial to ensure an effective management and orderly resolution of those crises. A review of experience gained in past financial crises suggests that crisis management practices have been largely...

Over the last decade economic integration has advanced in both areas, and this has been seen as an opportunity for real convergence in Latin America and in the European periphery. But our approach emphasises that integration has to be supplemented by macroeconomic stability and structural...

This paper analyses the cyclical behaviour of bank credit, loan losses and provisions for loan losses in Spain. These three variables are strongly cyclical in Spain -as in many other countries- and this poses some problems to bank supervisors and regulators. In a context of strong competitive...

El presente trabajo parte de la constatación de dos hechos: por un lado, una gran parte de la población de América Latina carece de acceso a servicios financieros y bancarios, pese a que existe una considerable demanda potencial, en parte por problemas de falta de penetración de la...

El presente trabajo parte de la constatación de dos hechos: por un lado, una gran parte de la población de América Latina carece de acceso a servicios financieros y bancarios, pese a que existe una considerable demanda potencial, en parte por problemas de falta de penetración de la...

El presente trabajo parte de la constatación de dos hechos: por un lado, una gran parte de la población de América Latina carece de acceso a servicios financieros y bancarios, pese a que existe una considerable demanda potencial, en parte por problemas de falta de penetración de la...

El presente trabajo parte de la constatación de dos hechos: por un lado, una gran parte de la población de América Latina carece de acceso a servicios financieros y bancarios, pese a que existe una considerable demanda potencial, en parte por problemas de falta de penetración de la...