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Australia’s four largest banks can be considered domestically systemic. They make up the lion’s share of the banking system, use similar business models, and are interconnected. The top four banks are relatively similar in terms of systemic importance, partly reflecting the...
Persistent link: https://www.econbiz.de/10011245198
equity markets. The number of captives established in the IOM has fallen, reflecting competition from jurisdictions within …
Persistent link: https://www.econbiz.de/10011243543
This paper examines the role of middlemen (brokers) in an imperfect secondary market for quota licenses. Middlemen facilitate trade when markets are thin, as potential buyers and sellers find it difficult to meet and transact directly. However, in thin markets, middlemen also have the ability to...
Persistent link: https://www.econbiz.de/10014404111
This paper shows that the presence of quotas on imported inputs that are based on installed capacity can lead to capacity underutilization in manufacturing industries of developing countries. A replacement of such quotas, by tariffs leads to full capacity utilization under assumptions of both...
Persistent link: https://www.econbiz.de/10014396017
loans are. The chapter is organized as follows: section II.B discusses credit developments in the last decade and factors … foreign currency lending and implications for financial stability. Section II.D (and appendix) review cross …-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
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/10010878415
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10010878422
This paper discusses the assessment of observance of Thailand Securities Depository (TSD) of the Committee of Payments and Settlement Systems (CPSS)/International Organization of Securities Commissions (IOSCO) recommendations for securities settlement systems for Thailand. On the basis of the...
Persistent link: https://www.econbiz.de/10011244197
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
well supervised and regulated. Stress tests showed credit institutions and insurers to be highly resilient to a variety of …
Persistent link: https://www.econbiz.de/10011244251