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Trade, Inequality, and the Political Economy of Institutions
Levchenko, Andrei A.; Ão, Quı Toàn - International Monetary Fund (IMF) - 2006
We analyze the relationship between international trade and the quality of economic institutions, such as contract enforcement, rule of law, and property rights. In our model, firms differ in their preferences for institutional quality, which is determined endogenously in a political economy...
Persistent link: https://www.econbiz.de/10005599659
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Optimal Prudential Regulation of Banks and the Political Economy of Supervision
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014
We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...
Persistent link: https://www.econbiz.de/10010790384
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Islamic Finance in Sub-Saharan Africa: Status and Prospects
Gelbard, E.; Hussain, Mumtaz; Maino, Rodolfo; Mu, Yibin; … - International Monetary Fund (IMF) - 2014
. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and …
Persistent link: https://www.econbiz.de/10010959474
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Georgia: Financial System Stability Assessment
International Monetary Fund (IMF); International … - 2014
This paper discusses findings of the Financial System Stability Assessment for Georgia. Georgia has weathered several shocks, but still faces a number of important risks. The economy has withstood well the conflict with Russia, the global financial crisis, and domestic political uncertainty....
Persistent link: https://www.econbiz.de/10011244303
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Germany: Selected Issues
International Monetary Fund (IMF); International … - 2014
Persistent link: https://www.econbiz.de/10011244338
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Belgium; Detailed Assessment of Observance of Insurance Core Principles
International Monetary Fund (IMF); International … - 2013
The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront … in updating the insurance regulatory regime and supervisory practice. The updated regulatory framework has a high level … of observance with the Insurance Core Principles (ICPs), supported by robust prudential supervision. The authorities are …
Persistent link: https://www.econbiz.de/10011244392
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France; 2012 Article IV Consultation
International Monetary Fund (IMF); International … - 2012
The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries, its recovery has been sluggish. France has become a...
Persistent link: https://www.econbiz.de/10011244581
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Canada: Report on the Observance of Standards and Codes
International Monetary Fund (IMF); International … - 2014
This paper discusses key findings of the Report on the Observance of Standards and Codes for Canada. Canada has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. In response to the challenges and structure of its market, the Canadian banking...
Persistent link: https://www.econbiz.de/10011244652
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Singapore: Report on the Observance of Standards and Codes
International Monetary Fund (IMF); International … - 2013
This paper discusses findings of the Report on Observance of Standards and Codes on Singapore. The Monetary Authority of Singapore (MAS) shows a very high level of compliance with the Basel Core Principles and demonstrates a strong commitment by MAS to their implementation. As a large financial...
Persistent link: https://www.econbiz.de/10011244668
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Canada: Financial Sector Assessment Program-Impact on the Insurance Sector of a Low Interest Rate Environment-Technical Note
International Monetary Fund (IMF); International … - 2014
This paper discusses Canada’s Financial Sector Assessment Program (FSAP) impact on the insurance sector of a low …
Persistent link: https://www.econbiz.de/10011244715