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This paper presents an overview of the different methodologies that can be used to measure the amount of available slack in an economy. A comparison of these alternatives reveals that the evolution of the Nairu is crucial for understanding recent cyclical developments in the French economy. A...
Persistent link: https://www.econbiz.de/10014403325
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of...
Persistent link: https://www.econbiz.de/10014395839
the COVID-19 (coronavirus) pandemic and offers an overview of measures taken across jurisdictions to date. The banking …
Persistent link: https://www.econbiz.de/10012647142
In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the 'Fund'), and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, the Bank of Slovenia...
Persistent link: https://www.econbiz.de/10014410146
This paper explores how banking sector developments and characteristics influence the propagation of risks from the … banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It …
Persistent link: https://www.econbiz.de/10014410683
. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator …
Persistent link: https://www.econbiz.de/10014400538
operational and strategic issues to be addressed and the institutional arrangements needed to foster an effective banking system …
Persistent link: https://www.econbiz.de/10014400966
This Technical Note focuses on banking sector structure in Germany. Germany’s banking system comprises three “pillars … orientation. The German banking system includes a large number of institutions in both absolute and relative terms. This note … describes the evolution of Germany’s three-pillar banking system. It analyzes capitalization, credit and the intermediation of …
Persistent link: https://www.econbiz.de/10014397092
This note summarizes the stress tests undertaken for the German banking system as part of the Financial Sector … Assessment Program (FSAP) update. Solvency tests for the German banking system assessed medium-term vulnerabilities under two …
Persistent link: https://www.econbiz.de/10014397123
This paper describes a financial system that should be adopted for the 21st century. The paper highlights that the financial crisis of 2008 has raised fundamental questions about how the financial industry is structured, managed, and regulated. The paper discusses that a well-functioning...
Persistent link: https://www.econbiz.de/10014397983