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To test the role of bank lending in transmitting currency crisis we examine a panel of BIS data on bank flows to 30 emerging markets disaggregated by 11 banking centers. We find that bank exposures to a crisis country help predict bank flows in third countries after the Mexican and Asian crisis,...
Persistent link: https://www.econbiz.de/10014399830
Did the occurrence of systemic banking crises in the 1990s and 2000s significantly alter the behavior of banks in the Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the Mercosur region. To our knowledge, this is the first...
Persistent link: https://www.econbiz.de/10008561078
agreements with the National Bank of Belgium (Belgium) and the Swiss National Bank (Switzerland), effective on August 30, 2017 …. These new borrowing agreements with Belgium and Switzerland provide new resources equivalent to SDR 350 million and SDR 500 …
Persistent link: https://www.econbiz.de/10014408669
to its members, the National Bank of Belgium agrees to lend to the Fund an SDR denominated amount up to the equivalent of …
Persistent link: https://www.econbiz.de/10014410350
borrowing agreement (the 'Agreement') with the National Bank of Belgium, by which Belgium will provide new loan resources of up …
Persistent link: https://www.econbiz.de/10014410375
Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While … the social transfer system in Belgium. Belgium has a very accessible and equitable health care system. The system is …
Persistent link: https://www.econbiz.de/10014406109
The global financial crisis has forced government intervention in major financial institutions in Belgium. This 2008 …
Persistent link: https://www.econbiz.de/10014410970
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our … countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending …
Persistent link: https://www.econbiz.de/10014396528
This 2011 Article IV Consultation reports that the vulnerability of Belgium’s sovereign debt to market pressures makes …
Persistent link: https://www.econbiz.de/10014396833
This Selected Issues paper reviews Belgium’s experience with fiscal adjustment and the long-term outlook for the public …
Persistent link: https://www.econbiz.de/10014397331