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Progress Report on Inclusion of Enhanced Contractual Provisions in International Sovereign Bond Contracts
International Monetary Fund - 2015
As part of the Fund's ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed...
Persistent link: https://www.econbiz.de/10014408555
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Financial Sector Assessment Program Update : Republic of Poland - Credit, Growth, and Financial Stability
International Monetary Fund - 2013
loans are. The chapter is organized as follows: section II.B discusses credit developments in the last decade and factors …-country experiences with policy responses to rapid credit growth of foreign currency credit and discuss recent policy measures taken in …
Persistent link: https://www.econbiz.de/10012560019
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Czech Republic, Republic of Estonia, Hungary, Republic of Latvia, Republic of Lithuania, Republic of Poland, Slovak Republic, and Republic of Slovenia : Export Structure and Credit...
International Monetary Fund - 2006
Of the new members entering the European Union (EU) in May 2004, several had achieved a decade of impressive export growth, expanding significantly their shares of world markets. The empirical analysis shows that over the period 1994–2004, quality and technology upgrading associated with the...
Persistent link: https://www.econbiz.de/10014404829
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Credit Growth and the Effectiveness of Reserve Requirements and Other Macroprudential Instruments in Latin America
International Monetary Fund - 2012
procyclicality of bank credit dynamics to the private sector and contain systemic risk. Reserve requirements, in particular, have … new cross-country evidence on how they influence real private bank credit growth. Our results show that these instruments …
Persistent link: https://www.econbiz.de/10014396432
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Japan : Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund - 2012
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed … aspects act as an impediment to credit control. The Executive Board expects restructuring of financial policies in government … this paper as a study of Japan’s thoughts in an efficient route to credit boom …
Persistent link: https://www.econbiz.de/10014395722
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Global Liquidity : Credit and Funding Indicators
International Monetary Fund - 2013
This note reviews some concepts of global liquidity and discusses measurement approaches that have been used by various interlocutors, including at the BIS, by Fund staff, and in academia. Some measures that could be regularly monitored by policy makers are presented
Persistent link: https://www.econbiz.de/10014410545
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Fat Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation
International Monetary Fund - 2011
The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holders’ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is shown that the correlation bias shifts...
Persistent link: https://www.econbiz.de/10014401318
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Debt Relief and Leveraged Buy-Outs
International Monetary Fund - 1988
domestic investment by residents of debtor countries. It is argued here that relief could also make available additional profit …
Persistent link: https://www.econbiz.de/10014396061
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Tax Policy, Leverage and Macroeconomic Stability
International Monetary Fund - 2016
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a...
Persistent link: https://www.econbiz.de/10014408716
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Innovation in Banking and Excessive Loan Growth
International Monetary Fund - 2008
The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management …
Persistent link: https://www.econbiz.de/10014401746