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Rapid advances in financial technology are transforming the economic and financial landscape, offering wide-ranging opportunities while raising potential risks. Fintech can support potential growth and poverty reduction by strengthening financial development, inclusion, and efficiency-but it may...
Persistent link: https://www.econbiz.de/10014408463
, while also engaging in broader commercial banking activities. The principal state development institution is the VEB group …
Persistent link: https://www.econbiz.de/10012644837
Persistent link: https://www.econbiz.de/10005824821
A banking system module is incorporated into the Central Bank of Barbados's multisectoral macroeconomic forecasting …. Stress tests are performed for the first year of the forecast, to test the banking system's resilience to real sector shocks …. The analysis, which would in practice be only part of the vulnerability assessment, indicates that the banking system is …
Persistent link: https://www.econbiz.de/10005825818
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950
financial sector are external. Stress tests confirm the banking system’s resiliency but that some insurers are vulnerable to …
Persistent link: https://www.econbiz.de/10011242586
The Irish financial sector has continued to perform well since its participation in the Financial Sector Assessment Program (FSAP) in 2000. Although the outlook remains very strong for 2006–07, there are some macroeconomic risks that could have implications for the financial system asset...
Persistent link: https://www.econbiz.de/10011242629
This paper examines the development of the business model thus far and considers options for the future. The development of San Marino’s financial system over the past two decades is outlined. San Marino’s financial sector focuses on services to its residents and the residents of...
Persistent link: https://www.econbiz.de/10011242714
Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The...
Persistent link: https://www.econbiz.de/10011242749
This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia,...
Persistent link: https://www.econbiz.de/10011242800