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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
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Taxation and Corporate Debt: Are Banks any Different?
Heckemeyer, Jost; Mooij, Ruud A. de - International Monetary Fund (IMF) - 2013
conditional leverage distribution. For nonbanks, we find a U-shaped relationship between asset size and tax responsiveness …, although this pattern does not hold universally across the conditional leverage distribution. For banks, in contrast, the tax … high conditional leverage ratios feature a significant, positive tax response. …
Persistent link: https://www.econbiz.de/10010790235
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United Kingdom; Stress Testing the Banking Sector Technical Note
International Monetary Fund (IMF); International … - 2011
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011243481
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Audit Committees in Central Banks
Sullivan, Kenneth; Gilson, Marie-Thérèse Camilleri; … - International Monetary Fund (IMF) - 2007
This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and...
Persistent link: https://www.econbiz.de/10005605398
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What Causes Firms to Hide Output? the Determinants of Informality
Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005
In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...
Persistent link: https://www.econbiz.de/10005769293
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Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia
Zalduendo, Juan - International Monetary Fund (IMF) - 2003
This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes...
Persistent link: https://www.econbiz.de/10005599589
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Are the French Happy with the 35-Hour Workweek?
Estevão, Marcello M.; Sa, Filipa - International Monetary Fund (IMF) - 2006
Legally mandated reductions in the workweek can be either a constraint on individuals' choice or a tool to coordinate individuals' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...
Persistent link: https://www.econbiz.de/10005599717
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Judicial System Reform in Italy - A Key to Growth
Esposito, Gianluca; Lanau, Sergi; Pompe, Sebastiaan - International Monetary Fund (IMF) - 2014
The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...
Persistent link: https://www.econbiz.de/10010790243
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What Role Can Financial Policies Play in Revitalizing SMEs in Japan?
Lam, Raphael W.; Shin, Jongsoon - International Monetary Fund (IMF) - 2012
leverage and low profitability. Moreover, the global financial crisis has weakened the financial position across SMEs …
Persistent link: https://www.econbiz.de/10010790387
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The Net Stable Funding Ratio: Impact and Issues for Consideration
Gobat, Jeanne; Yanase, Mamoru; Maloney, Joseph - International Monetary Fund (IMF) - 2014
As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This...
Persistent link: https://www.econbiz.de/10011142026