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transition from official budget financing to market-based financing. The program also aims to secure medium-term fiscal …
Persistent link: https://www.econbiz.de/10005824980
This paper presents findings of the Detailed Assessment of Italy’s Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems. At present, the Italian banking system is subject to significant challenges resulting from...
Persistent link: https://www.econbiz.de/10005825068
This paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement. Foreign direct investment inflows have been strong, reserves are rising, and competitiveness appears broadly adequate. Fiscal policy has been tightened in 2003, as the...
Persistent link: https://www.econbiz.de/10005825073
undertaking of key structural reforms to transform Iraq into a market economy. …
Persistent link: https://www.econbiz.de/10005825162
The staff report for the Post-Program Monitoring highlights economic developments, fiscal policy, and monetary policy. The primary risk to the near-term outlook for the Philippine economy is that the prevailing state of uncertainty proves to be protracted and sidelines economic reforms. Adverse...
Persistent link: https://www.econbiz.de/10005825293
This paper discusses Trinidad and Tobago’s (TTO) Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, and Payment Systems. TTO’s financial system is relatively large and structurally complex, demonstrating both...
Persistent link: https://www.econbiz.de/10005825460
Rapid growth during the second half of the 1990s led to overheating and the emergence of financial vulnerabilities by the end of the decade. Over the medium term, investment projects will impart a significant impetus to economic activity, and output will grow for some years above its long-term...
Persistent link: https://www.econbiz.de/10005825532
counterparties; (ii) a congruence of collateral policies with market developments; (iii) an ability to increase the average maturity …The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and … of liquidity provision; and (iv) central bank cooperation to facilitate the use of cross-border collateral. Flexible use …
Persistent link: https://www.econbiz.de/10005825614
Rehypothecation is the practice that allows collateral posted by, say, a hedge fund to their prime broker to be used … again as collateral by that prime broker for its own funding. In the United Kingdom, such use of a customer’s assets by a …€™s bankruptcy, the extent of rehypothecation has declined substantially, in part because investment firms fear losing collateral if …
Persistent link: https://www.econbiz.de/10005826544
compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant …
Persistent link: https://www.econbiz.de/10005826585