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Poverty risk is most marked for children, displaced persons and returnees, unemployed, and people with low education. Basic goals of the macroeconomic framework of the mid-term development strategy of Bosnia and Herzegovina are to reduce the overall public expenditures, lower the public debt,...
Persistent link: https://www.econbiz.de/10005598984
With much healthcare publicly funded, Hong Kong's rapidly aging population will significant raise fiscal pressure over coming decades. We ask what the implications are of meeting these costs by public funding, or private funding voluntarily or through mandates. Our simulations suggest that...
Persistent link: https://www.econbiz.de/10005825995
This report reviews the macroeconomic determinants of the rapid growth in the Spanish housing market, including various policy elements. It examines the vulnerabilities of households' finances as a result of the rapid growth of housing prices and mortgage debt. It also describes the Spanish...
Persistent link: https://www.econbiz.de/10014407049
This technical note assesses the vulnerabilities of household and corporate sector balance sheets and quantifies the … Spanish financial stability arising from household indebtedness. The analysis expands the use of microlevel data to assess … household vulnerabilities, distinguishing between indebted and nonindebted households as well as accounting for the allocation …
Persistent link: https://www.econbiz.de/10014395879
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
This paper presents a Financial System Stability Assessment Update for Slovenia, including Reports on the Observance of Standards and Codes on Banking Supervision and Insurance Supervision. The Slovenian financial system appears sound overall but faces new challenges and risks with European...
Persistent link: https://www.econbiz.de/10005599018
The main vulnerabilities in the financial sector can be found in the banking system and the social security fund (SSNIT). The Ghanaian financial sector is also confronted by a large number of development challenges. The factual updates of Ghana’s observance of the three international...
Persistent link: https://www.econbiz.de/10005252547
This technical note highlights Austria’s analysis of the International Association of Insurance Supervisors Insurance Core Principles. The Austrian economy generally performed well over the past several years, with growth above the euro-area average, falling unemployment, and low...
Persistent link: https://www.econbiz.de/10011242531
Insurance regulation and supervision is of a high standard, and most of the enhancements suggested have been put in place. Further enhancements will be required, in the context of the forthcoming introduction of Solvency II requirements, in such areas as the frequency of onsite inspections, the...
Persistent link: https://www.econbiz.de/10011242543