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mechanism and monetary policies. The European Central Bank has announced the Outright Monetary Transactions framework to address … severe distortions in sovereign bond markets and safeguard monetary transmission. The cost of unsecured bond issuance remains … periphery spreads. Weak growth and high levels of private balance sheet debt in the periphery are weighing on the health of bank …
Persistent link: https://www.econbiz.de/10011243037
This technical note focuses on fixed income markets for Thailand. The note recommends that Thailand should begin an orderly transition from merit-based regulation of corporate issuers and institutional investors to a disclosure-based regulatory system that opens the debt market to a larger and...
Persistent link: https://www.econbiz.de/10011243082
This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken …
Persistent link: https://www.econbiz.de/10011243609
This 2009 Article IV Consultation highlights that like other open economies, Korea was hard hit by the global financial crisis during the last quarter of 2008. The authorities responded with a timely and comprehensive set of financial market and macrostabilization measures. Executive Directors...
Persistent link: https://www.econbiz.de/10011243917
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are … policies. The authorities have already taken numerous welcome measures in response to the crisis. The Reserve Bank of India has … liquidity requirement together with stepped-up open market operations have been fully warranted. …
Persistent link: https://www.econbiz.de/10011244299
presented. The bond market comprises the interbank bond market, the exchange bond market, and the bank counter market. The two …
Persistent link: https://www.econbiz.de/10011244858
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
This article summarizes the European Union’s stress testing exercises and future priorities. The 2011 solvency stress testing was marked by methodology and data. The exercise forced banks to increase the quality and quantity of capitalization. This test has many controversial issues, but...
Persistent link: https://www.econbiz.de/10011244482
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …
Persistent link: https://www.econbiz.de/10008559268
Interest rates in China comprise a mix of both market determined interest rates (interbank rates and bond yields), and …
Persistent link: https://www.econbiz.de/10008528670