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This paper evaluates Azerbaijan’s 2003 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waivers of Performance Criteria, Extension of Arrangement and Rephasing of Purchases. Performance relative to the quantitative targets...
Persistent link: https://www.econbiz.de/10005768539
In this paper, we analyze credit growth in Sub-Saharan Africa over the past decade focusing on the post-2002 rapid … credit growth in select countries. We develop regression models of the fundamental determinants of bank credit and use them … to examine whether they can fully explain developments in rapid credit growth countries. We then argue that rapid credit …
Persistent link: https://www.econbiz.de/10008528619
This paper studies how Uruguay's regulatory framework was gradually strengthened to address shortcomings identified during the 2002-03 crisis, to align with international standards and, more recently, to deal with cyclical pressures resulting in an acceleration of bank lending. In particular,...
Persistent link: https://www.econbiz.de/10008528653
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857
The German financial system is complex and highly diversified. The second most important class of financial institutions is insurance and pension companies. Germany has taken steps to enhance accounting and auditing practices and to align corporate governance with best international practices....
Persistent link: https://www.econbiz.de/10005591030
Contents include: Real sector developments: output trends; sectoral developments; and income, wages, and prices. Public finances; fiscal balance; revenue developments; expenditure developments; social safety net. Financial sector developments; monetary and exchange rate developments; the use of...
Persistent link: https://www.econbiz.de/10005591355
This Financial System Stability Assessment paper for Ukraine reviews financial sector issues and highlights macroeconomic developments, vulnerabilities, and soundness of the financial system. It discusses creditors' rights, insolvency, and corporate governance, and Anti-Money Laundering and...
Persistent link: https://www.econbiz.de/10005591673
This paper reviews Moldova’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, and Banking Supervision. Compliance with the Basel Core Principles and the IMF Code of Good Practices on...
Persistent link: https://www.econbiz.de/10005591788
Persistent link: https://www.econbiz.de/10005598795
Our proposal draws on the premise that the availability of stable demand deposits for bank lending, in the process of which inside money is created, does not require any act of intentional saving. The mechanism allowing banks to lend deposits does not function well in low-income countries, owing...
Persistent link: https://www.econbiz.de/10005599573