significant central bank reserves. Against this background, Uruguay now faces issues beyond those addressed to stabilize the … central bank reserves. …

determinants of financing to the nonfinancial private sector in Mexico between 2000 and 2005. Equity issuance has not played an … important role in financing the private sector in Mexico during 2000–05. The number of nonfinancial private sector issuers … actually declined from 173 in 2000 to 155 at the end of 2005. The stock market displays a high level of concentration, with the …

reviews the modernization of the banking sector and the development of competition within the sector, development of financial …

empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets …

presence of international banks may not lead to increased competition and provision of banking services if weak institutions …

introduction of safeguards assessments have increased emphasis on transparency of the disclosures made in central bank financial … Financial Reporting Standards and provides practical guidance for those responsible for preparing central bank financial …

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …