Showing 1 - 10 of 993
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
The introduction of inflation targeting in 2006, together with important economic developments such as dedollarization, marked the beginning of a new macroeconomic framework in Armenia, which is likely to have changed the effectiveness of monetary policy. This paper is the first attempt to...
Persistent link: https://www.econbiz.de/10014403230
This paper analyzes Solomon Islands’ ongoing reforms concerning of the mineral taxation regime and the fiscal impact of mineral resources. The analysis shows that mineral revenue could be substantial, provided that mineral prices remain strong in the medium term. Enforcing the tax agreement...
Persistent link: https://www.econbiz.de/10014397153
This paper reviews empirical evidence on the operation of the monetary transmission mechanism based on targeting of interest rates on indexed assets in the Chilean economy. The empirical evidence has two policy implications. First, interest rates on indexed assets do not fully reflect real...
Persistent link: https://www.econbiz.de/10014397378
forecast production cycle in an IT central bank. The paper tests the model''s properties on recent Turkish data, demonstrating …
Persistent link: https://www.econbiz.de/10014400322
Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises … of credit and where investment and consumption are not financed by borrowing in local currency. This paper employs a … unrelated to the level of credit and that, instead, the willingness to allow exchange rate flexibility is a far more important …
Persistent link: https://www.econbiz.de/10014401851
of the crisis on the functioning of the banking system may be alleviated by an improvement in the financial …
Persistent link: https://www.econbiz.de/10014403713
Observance of Standards and Codes on Banking Supervision, and Payment Systems. TTO’s financial system is relatively large and … with Basel Core Principles indicate that the banking system is well capitalized and profitable, but is vulnerable to the …
Persistent link: https://www.econbiz.de/10005825460
The capacity of the Saudi Arabian banking sector to respond to macroeconomic shocks has been considerably strengthened … Banking Supervision, and it makes no differentiation between conventional and Sharia-compliant banking arrangements. …
Persistent link: https://www.econbiz.de/10011244679
Improved liquidity and capital adequacy have increased the Uruguayan banking system’s capacity to withstand shocks …
Persistent link: https://www.econbiz.de/10011242976