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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
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Republic of Belarus; Selected Issues
International Monetary Fund (IMF); International … - 2012
economy, and presents an overview of economic benefits of deregulation, labor market liberalization, and enterprise reform …
Persistent link: https://www.econbiz.de/10011245717
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Romania; Fourth Review Under the Stand-By Arrangement and Request for Waiver of Performance Criteria—Staff Report; Staff Statement; Press Release on the Executive Board Discussio...
International Monetary Fund (IMF); International … - 2003
Romania's macroeconomic performance remains broadly in line with the program, but the recent strengthening of domestic demand and nonobservance of four performance criteria require corrective measures. Discussions on policies for 2003 took place in the context of increasing risks stemming from...
Persistent link: https://www.econbiz.de/10005252787
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The Valuation Effects of Geographic Diversification; Evidence From U.S. Banks
Laeven, Luc; Goetz, Martin R.; Levine, Ross - International Monetary Fund (IMF) - 2012
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank … deregulation, we find that exogenous increases in geographic diversity reduce BHC valuations. These findings are consistent with …
Persistent link: https://www.econbiz.de/10009654142
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State-Owned Banks, Stability, Privatization, and Growth; Practical Policy Decisions in a World without Empirical Proof
Andrews, Michael - International Monetary Fund (IMF) - 2005
provide guidance to policymakers regarding bank privatization. …
Persistent link: https://www.econbiz.de/10005769003
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Romania; Third Review Under the Stand-By Arrangement and Request for Waiver of Performance Criterion-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion...
International Monetary Fund (IMF); International … - 2003
This paper assesses Romania’s Third Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criterion. Romania’s macroeconomic performance continued to be favorable, but slippages in wage policy and privatization delayed the completion of the third review....
Persistent link: https://www.econbiz.de/10005591732
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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
-affiliated institutions, promotion of electronic registrations, risk-based financing, and reinforcing bank administrations. The Board takes up …
Persistent link: https://www.econbiz.de/10011244991
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Macro Effects of Corporate Restructuring in Japan
Kim, Se-Jik - International Monetary Fund (IMF) - 2003
applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual …
Persistent link: https://www.econbiz.de/10005248188
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Microfinance in Africa; Experience and Lessons From Selected African Countries
Blavy, Rodolphe; Basu, Anupam; Yülek, Murat  - International Monetary Fund (IMF) - 2004
Based on the experience of selected countries, this paper offers a critical presentation of the development of the microfinance sector in Africa. The paper supports the view that microfinance institutions, especially those engaged in full financial intermediation, complement effectively the...
Persistent link: https://www.econbiz.de/10005263661
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Germany's Corporate Governance Reforms; Has the System Become Flexible Enough?
Odenius, Jürgen - International Monetary Fund (IMF) - 2008
This article reviews Germany's corporate governance system and the effectiveness of recent reforms. Since the early 1990s far-reaching reforms have complemented the traditional stakeholder system with important elements of the shareholder system. Instead of taking a view on the superiority of...
Persistent link: https://www.econbiz.de/10005263885