Showing 41 - 50 of 139
of a global currency that is influenced by interest rate spreads and global risk factors. The paper also looks at the …
Persistent link: https://www.econbiz.de/10011245234
This 2013 Article IV Consultation highlights that Peru’s economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the...
Persistent link: https://www.econbiz.de/10011245344
This paper discusses key findings of the financial sector stability assessment for Romania. The assessment reveals that in recent years, Romania’s financial sector regulatory authorities have made significant progress in adopting international best practices, including through...
Persistent link: https://www.econbiz.de/10011245535
This 2008 Article IV Consultation discusses that Bulgaria has been hit by the global financial crisis, with clear signs that the country’s capital inflows-driven boom has come to an end and that the real economy is slowing down. Executive Directors have commended the Bulgarian authorities...
Persistent link: https://www.econbiz.de/10011245599
After the global financial crisis, economic growth of the Philippines has increased. However, renewed shocks to global growth and financial markets would affect Philippine exports and remittances. The Bangko Sentral ng Pilipinas (BSP) appropriately has started to unwind its liquidity support...
Persistent link: https://www.econbiz.de/10011245730
This 2008 Article IV Consultation highlights that spillovers from the global slowdown and lingering turbulence in international financial markets have been propagated to Singapore mostly through the trade channel. Inflation has risen significantly on the back of international and home-grown cost...
Persistent link: https://www.econbiz.de/10011245766
This 2009 Article IV Consultation highlights that following a prolonged expansion, reflecting sound macroeconomic policies and favorable terms of trade, global events have slowed Australia’s economic growth well below trend. The turmoil sparked by the collapse of Lehman Brothers in...
Persistent link: https://www.econbiz.de/10011245776
In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence...
Persistent link: https://www.econbiz.de/10008876594
A common assumption in standard economic models is that agents are risk-averse and prudent, and it is often argued that … isolation of the effect of risk aversion on precautionary savings, is introduced. The effects of changes in risk aversion …
Persistent link: https://www.econbiz.de/10009369438
This paper develops a model to assess how monetary policy rates affect bank risk-taking. In the model, a reduction in … the risk-free rate increases lending profitability by reducing funding costs and increasing the surplus the monopolistic … the bank to take excessive leverage and hence risk. Excessive risk-taking increases as the interest rate decreases. At a …
Persistent link: https://www.econbiz.de/10009369452