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Pakistan undertook major financial sector reforms starting in the late 1980s. The effects of these reforms on the profitability and cost and revenue efficiency of the banking sector are evaluated. The revenue performance of all banks, and especially the privatized banks, improved significantly,...
Persistent link: https://www.econbiz.de/10014400681
This technical note assesses the reform of Spanish savings banks (SSBs). It provides a brief overview of the SSB institutional framework before the reform, and describes the main factors that led to the financial distress, albeit uneven, of the SSB sector. The note outlines major regulatory and...
Persistent link: https://www.econbiz.de/10014396426
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and...
Persistent link: https://www.econbiz.de/10014398351
meeting of participants. That meeting focused on the progress of structural reforms in central banking and bank restructuring …
Persistent link: https://www.econbiz.de/10014402084
The Selected Issues paper analyzes the determinants of growth in Albania, the macroeconomic underpinnings for growth … payments. It also provides a framework for analyzing the budgetary impact of remittances in Albania, and examines the …
Persistent link: https://www.econbiz.de/10014402618
The phenomenon of substantial peacetime budget deficits over the past20 years has been traced to the burden of entitlements, a slowdown ineconomic productivity, and demographic and macroeconomic shifts in theindustrial countries. Though smaller and structurally different, deficitsin developing...
Persistent link: https://www.econbiz.de/10014402765
Albania’s Third Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility is analyzed …. Albania has reached a pivotal stage in its economic development. Increasing foreign direct investment and rapid financial …
Persistent link: https://www.econbiz.de/10014403120
Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy …
Persistent link: https://www.econbiz.de/10014403556
inflation-targeting regime pursued in Albania. The analysis also explores additional heterogeneity between SEE and other regions …. Two fiscal rules—a debt rule and an expenditure rule with a debt brake—are discussed in the context of Albania’s current … economic outlook. Both rules will contribute toward enhancing fiscal sustainability in Albania …
Persistent link: https://www.econbiz.de/10014404374