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This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the...
Persistent link: https://www.econbiz.de/10011244033
has created significant challenges for Ghana. A swift return to macroeconomic stability in 2013 was thwarted by weaker …
Persistent link: https://www.econbiz.de/10011245339
undertaken by central banks both in advanced and developing countries to promote financial inclusion. The issue has also … attracted increasing interest from the international community with the G-20, IMF, and World Bank Group assuming an active role …
Persistent link: https://www.econbiz.de/10011142035
This paper runs qualitative and quantitative analyses of the financial soundness of Danish banks. Helped by a series of … Denmark’s financial policy initiatives, banks have made progress in improving financial stability. However, vulnerabilities … remain. To mitigate risks, banks should continue to build more robust capital and liquidity buffers, and enhance further the …
Persistent link: https://www.econbiz.de/10011142084
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant...
Persistent link: https://www.econbiz.de/10011142182
Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided...
Persistent link: https://www.econbiz.de/10011142194
This paper examines how Japan’s long-term interest rates and Japanese banks’ interest rate risk exposures may evolve … increased purchases by the Bank of Japan. At the same time, illustrative scenarios suggest the interest rate risk exposure of … Japanese banks could decline substantially over the next two years. However, if structural and fiscal reforms are incomplete …
Persistent link: https://www.econbiz.de/10011142198
There is much speculation regarding a “race for dominance†among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as...
Persistent link: https://www.econbiz.de/10011123826
indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … is the evolution of banks’ stock price exposure to country-level and global risk factors as approximated by equity … risk, specifically, has been steadily rising since 2008. Banks that are reliant on wholesale funding, have weaker capital …
Persistent link: https://www.econbiz.de/10011242342
time-varying market valuation for such a support. With large worldwide sample of banks, we estimate the structural subsidy …
Persistent link: https://www.econbiz.de/10010790251