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) strengthening further the existing banking regulations through stricter fit-and-proper rules for directors and controlling … of foundations when they are the controlling shareholders in banks; and (iv) facilitating the transformation of large …
Persistent link: https://www.econbiz.de/10010959465
This Selected Issues paper presents Italy’s economic growth through innovation and reforms. It highlights that Italyâ … claims in Italy as a key way to improve the environment for sustaining economic growth. There has been considerable interest … in the possibility of introducing a comprehensive wealth tax in Italy, reflecting the public resistance to spending …
Persistent link: https://www.econbiz.de/10011243825
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
This 2013 Article IV Consultation highlights that real GDP growth in Russia has slowed, amid weak investment and external demand. Yet, the economy remains close to full capacity, with unemployment at historic lows and capacity utilization at pre-crisis highs. Short-term indicators are mixed, but...
Persistent link: https://www.econbiz.de/10011245332
This assessment reviews the regulatory framework in place for the oversight of the capital markets of the Russian Federation as of June 2011. The Russian securities markets, in particular, have been volatile, reflecting the inflow and outflow of money and the crisis. Foreign investment banks...
Persistent link: https://www.econbiz.de/10011245383
The causes of the global financial crisis were multi-faceted but revealed still unresolved weaknesses in national and international financial oversight and resolution frameworks. In particular, many governments in the crisis-hit countries had to provide unprecedented levels of support to contain...
Persistent link: https://www.econbiz.de/10011245888
This paper presents a framework for quantitatively evaluating the macroeconomic effects of corporate restructuring and applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual Japanese firms. Given the estimated distribution of...
Persistent link: https://www.econbiz.de/10005248188
) internal control mechanisms, especially the flexibility of board structures; (ii) self-dealing; and (iii) external control …
Persistent link: https://www.econbiz.de/10005263885
innovation in lending technologies have a better chance to result in decreased lending rates. …
Persistent link: https://www.econbiz.de/10009203545
This Selected Issues paper for Italy presents updated estimates of potential growth for Italy, using new techniques … growth but also for macrofinancial developments. The paper reviews developments in fiscal federalism in Italy and draws on …
Persistent link: https://www.econbiz.de/10005825027