Showing 1 - 10 of 116
This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns … and the emergence of China as a key driver of the global economy. Outward spillovers from the GCC region and MENA oil …
Persistent link: https://www.econbiz.de/10010790399
tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …
Persistent link: https://www.econbiz.de/10010959471
the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a …
Persistent link: https://www.econbiz.de/10011242215
. In the end, the U.S. possessed a modern financial system able to finance innovation and growth. At a time when Europe is …
Persistent link: https://www.econbiz.de/10010959479
The synchronized disinflation across Europe since end-2011 raises the question of whether non-euro area EU countries …
Persistent link: https://www.econbiz.de/10010959481
single resolution and common safety net; and urgent issues related to repair of weak banks in Europe. …
Persistent link: https://www.econbiz.de/10010959483
The analysis focuses on the effectiveness of the regulatory, supervisory, and oversight frameworks for central counterparties (CCPs) and central securities depositories (CSDs) in the European Union (EU) as these are essential for financial stability. Cooperation between authorities within and...
Persistent link: https://www.econbiz.de/10011244354
This article summarizes the European Union’s stress testing exercises and future priorities. The 2011 solvency stress testing was marked by methodology and data. The exercise forced banks to increase the quality and quantity of capitalization. This test has many controversial issues, but...
Persistent link: https://www.econbiz.de/10011244482
This article reviews the European Systematic Risk Board (ESRB), its role, approach, outputs, and effects in the European Union. The ESRB is the reason for macroprudential oversight of financial systems. Macroprudential policy is used to identify and reduce financial risks and limit financial...
Persistent link: https://www.econbiz.de/10011245046
This paper discusses key findings of the detailed assessment of implementation of the European Central Bank (ECB) Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commission (CPSS-IOSCO) responsibilities of authorities for financial market...
Persistent link: https://www.econbiz.de/10011245370