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This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks,...
Persistent link: https://www.econbiz.de/10011245005
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014397927
It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic agents to acquire information, which will be reflected in market prices and thus become available to policy makers. The optimal frequency of intervention, and therefore the...
Persistent link: https://www.econbiz.de/10014403364
This assessment is focused on the Superintendencia de Seguros de la Nacion (SSN) in Argentina. SSN has responsibility …
Persistent link: https://www.econbiz.de/10012247696
This assessment finds that Argentina has made significant progress to improve its securities regulatory system within … the existing legal framework. Specifically, Argentina operates a highly, even uniquely, transparent securities regulatory … regulation was conducted between May 11 and May 26, 2011 in Buenos Aires, Argentina and includes references to certain post on …
Persistent link: https://www.econbiz.de/10012247697
The Central Bank of Argentina (BCRA) and the Superintendence of Financial Entities (SEFyC) are to be commended on their …). This assessment of the state of compliance with the Basel Core Principles (BCPs) in Argentina has been undertaken as part …
Persistent link: https://www.econbiz.de/10012247698
The financial system in Argentina experienced substantial changes. Capital adequacy and liquidity indicators are strong …
Persistent link: https://www.econbiz.de/10014402323
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014403125
This paper examines Argentina’s Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver …
Persistent link: https://www.econbiz.de/10014404717
Good progress has been made in stabilizing the economic and social situation since the crisis. Fiscal adjustment over a prolonged period will bring the public finances to a sustainable path. To protect social expenditures and allow higher public investment, a comprehensive tax reform is...
Persistent link: https://www.econbiz.de/10014406513