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Nonperforming Loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. The Credit Bureau, maintained by the Association of Serbian Banks, also discloses dramatic increases in corporate and retail defaults over the past year. NPL...
Persistent link: https://www.econbiz.de/10012247156
This Technical Note assesses Corporate and Household Debt Restructuring in Serbia. As of June 2009, nonperforming loans …
Persistent link: https://www.econbiz.de/10014404516
policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices …
Persistent link: https://www.econbiz.de/10014407049
household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation … of debt, debt service burden, and householdsincome and assets …This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the …
Persistent link: https://www.econbiz.de/10014395879
Djibouti’s 2007 Article IV Consultation focuses on the medium-term growth prospects and policies necessary to ensure that growth is broad based and accompanied by sufficient employment creation. Real GDP growth is estimated at 4.8 percent in 2006, driven by fiscal expansion, and a sizable...
Persistent link: https://www.econbiz.de/10011243566
countries is still lacking. Two demographic extensions of the representative household’s stochastic dynamic optimization problem … are presented here. It is shown that the relationship between expected dependency rates and consumption growth depends on … two parameters: the demographically varying committed consumption and the intertemporal elasticity of substitution. Thus …
Persistent link: https://www.econbiz.de/10014395881
This Selected Issues paper highlights the Philippine growth performance led by the services sector. Average GDP growth is higher in the post-Asian crisis period in the Philippines, while the majority of the Philippines’s regional peers have experienced substantially lower growth in the...
Persistent link: https://www.econbiz.de/10011243155
Household savings behavior in China during the past 30 years has been studied by using econometric models with the time …
Persistent link: https://www.econbiz.de/10014396466
This paper develops and tests a model of Japan’s household savings rate, based on the life-cycle hypothesis that the … primary motive for savings is provision for retirement. The paper shows that Japan’s high household savings rate in recent … and life-expectancy effects of an income change, which has initially outweighed the negative combined influence of …
Persistent link: https://www.econbiz.de/10014395990
In April 2009, the Boards of Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) agreed that Côte d’Ivoire had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC)...
Persistent link: https://www.econbiz.de/10011244164