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The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation...
Persistent link: https://www.econbiz.de/10005826132
The Latvian authorities have strengthened their intervention capacity, financial supervision, and monitoring framework, and have taken steps to contain risks in Parex Bank. The staff report reviews the Republic of Latvia’s economic developments and policies. Substantial progress has been...
Persistent link: https://www.econbiz.de/10011242934
This Technical Note analyzes impaired loans in Poland. Asset quality has moved up the Polish supervisor’s agenda to … address persistent impaired loans and cyclical deterioration in credit quality. Although the deterioration has been mainly … recent loosening of underwriting standards for retail loans could contribute to rising inflows into impaired loans. …
Persistent link: https://www.econbiz.de/10011242967
Guyana has weathered the impact of the global crisis well by regional and global standards. The current account deficit declined by 5 percent of GDP (to 8.5 percent of GDP), largely led by a reduction in imports, particularly of fuel. Macroeconomic policies have remained prudent. Monetary policy...
Persistent link: https://www.econbiz.de/10011243585
Despite external and domestic shocks, the Guyanese economy demonstrated resilience and registered a fifth consecutive year of robust growth in 2010. The authorities started making payouts to Colonial Life Insurance Company (CLICO) policyholders, in line with their plans to minimize fiscal costs....
Persistent link: https://www.econbiz.de/10011243855
The staff report for the 2007 Article IV Consultation highlights the Slovak Republic’s macroeconomic outlook and policy discussions. The National Bank of Slovakia (NBS) has been following a hybrid monetary framework focused on restraining inflation and on maintaining the exchange rate...
Persistent link: https://www.econbiz.de/10011244946
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving...
Persistent link: https://www.econbiz.de/10010790425
Persistent link: https://www.econbiz.de/10010790464
This paper contributes relevant empirical evidence which indicates the existence of difference in default rate of loans … between male and female. It concludes that independent of type of loans, the default rate of female is less than male …
Persistent link: https://www.econbiz.de/10011115425
phasing out gradually deferred-amortization mortgage loans and introducing risk-adjusted deposit insurance premia. …
Persistent link: https://www.econbiz.de/10011142084