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Tunisia; Financial System Stability Assessment Update
International Monetary Fund (IMF); International … - 2006
From the 2002 Financial Sector Assessment Program (FSAP), a number of structural reforms have been carried out in the financial system. A number of measures have been taken in the regulatory, fiscal, and legal areas to improve credit quality and financial transparency. The stress test confirms...
Persistent link: https://www.econbiz.de/10011244664
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United States; Publication of Financial Sector Assessment Program Documentation: Technical Note on Crisis Management Arrangements
International Monetary Fund (IMF); International … - 2010
This paper presents a technical note on Crisis Management Arrangements for the United States. The crisis has seen widespread systemic instability, large-scale fiscal support, and an increase in moral hazard. The lack of a formal systematic process for the assessment of risks may have contributed...
Persistent link: https://www.econbiz.de/10011245009
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Norway; Staff Report for the 2009 Article IV Consultation
International Monetary Fund (IMF); International … - 2010
This paper presents the staff report for Norway’s 2009 Article IV Consultation on economic developments and policies. Unemployment remains low, and key short-term indicators point to a continued recovery. Norway’s resilience has been underpinned by substantial macroeconomic...
Persistent link: https://www.econbiz.de/10011245393
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Financial Crisis and Credit Crunch in Korea; Evidence From Firm-Level Data
Lee, Jong-Wha; Borensztein, Eduardo - International Monetary Fund (IMF) - 2000
This paper analyzes the credit crunch following the recent financial crisis in Korea. Using enterprise-level data, we find that there were big differences in the magnitude of the credit contraction across different types of firms. In particular, chaebol (conglomerate)-affiliated firms appeared...
Persistent link: https://www.econbiz.de/10005264237
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Financial Stability Reports:What Are they Good for?
Muñoz, Sònia; Jahjah, Samir; Cihák, Martin; … - International Monetary Fund (IMF) - 2012
The global financial crisis has renewed policymakers' interest in improving the policy framework for financial stability, and an open question is to what extent and in what form should financial stability reports be part of it. We examine the recent experience with central banks' financial...
Persistent link: https://www.econbiz.de/10009401194
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Does Regulatory Governance Matter for Financial System Stability? An Empirical Analysis
Das, Udaibir S.; Quintyn, Marc; Chenard, Kina - International Monetary Fund (IMF) - 2004
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by financial system regulators and supervisors-matters for financial system soundness. The paper constructs indices of financial system soundness and regulatory governance, based on...
Persistent link: https://www.econbiz.de/10005825836
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Should Banks Be Narrowed?
Bossone, Biaggio - International Monetary Fund (IMF) - 2001
Over the past seventy years, the proposal to narrow the scope of banks has occurred more and more frequently in financial debates and research. Narrow banking would prevent deposit-issuing banks from lending to the private sector and restrict nonbank intermediaries from funding investments with...
Persistent link: https://www.econbiz.de/10005826230
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Liberalization, Prudential Supervision, and Capital Requirements; The Policy Trade-Offs
Ribakova, Elina - International Monetary Fund (IMF) - 2005
While deregulated financial markets and strong competition are commonly viewed as prerequisites for successful economic development, recent empirical evidence suggests that financial liberalization, if not well phased, can lead to costly financial crises. This paper focuses on the roles of...
Persistent link: https://www.econbiz.de/10005599275
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Quality of Financial Policies and Financial System Stress
Das, Udaibir S.; Yossifov, Plamen; Podpiera, Richard; … - International Monetary Fund (IMF) - 2005
In this paper, we develop multi-country indices of financial system stress and quality of financial policies and use them in regression analysis of the determinants of financial stress. We find that countries with higher quality of financial policies are better able to contain the effects of...
Persistent link: https://www.econbiz.de/10005599559
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A New Database of Financial Reforms
Detragiache, Enrica; Abiad, Abdul; Tressel, Thierry - International Monetary Fund (IMF) - 2008
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the … content of the database, the information sources utilized, and the coding rules used to create an index of financial reform …. It also compares the database with other measures of financial liberalization, provides descriptive statistics, and …
Persistent link: https://www.econbiz.de/10005604989