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Developing an effective framework for cross-border resolution is a key priority in international regulatory reform. Large bank failures during the global financial crisis brought home the lack of adequate tools for resolving 'too-big-to-fail' institutions. In cross-border cases, misaligned...
Persistent link: https://www.econbiz.de/10014410334
To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis,...
Persistent link: https://www.econbiz.de/10014399830
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There is broad agreement on the appropriateness of the budget deficit target. The government aims to strengthen expenditure control and efficiency, at the national and at subnational levels, to achieve a reduction in the tax burden while cutting the fiscal deficit. The IMF staff suggested...
Persistent link: https://www.econbiz.de/10014402957
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the regions may increase the efficiency and the productivity of the health care system. The information on Italy's economy …
Persistent link: https://www.econbiz.de/10014404487
This Selected Issues paper for Italy presents updated estimates of potential growth for Italy, using new techniques … but also for macrofinancial developments. The paper reviews developments in fiscal federalism in Italy and draws on cross …
Persistent link: https://www.econbiz.de/10014404845
This 2005 Article IV Consultation highlights that despite the better cyclical outlook, medium-term trends for Italy …
Persistent link: https://www.econbiz.de/10014404946
This paper discusses a Detailed Assessment of the Observance of the Insurance Core Principles for Italy. The assessment … reveals that insurance supervision in Italy occurs within a legal framework that incorporates the relevant European Union … authorities in Italy are actively pursuing a number of legislative and supervisory initiatives that hold the potential to …
Persistent link: https://www.econbiz.de/10014405021