Showing 1 - 10 of 27
This paper examines the reasons for this, specifically focusing on regulations or market practices that can accentuate economic cycles. Although recognizing various practical limitations, new policy responses are identified that could help to mitigate procyclicality. Although economic cycles are...
Persistent link: https://www.econbiz.de/10014401004
The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions. The report assesses the vulnerabilities that the system is facing and offers...
Persistent link: https://www.econbiz.de/10014404723
This paper presents the functional responsibilities of a central bank which is required to maintain systemic financial … (FSA) has responsibility for supervising individual financial institutions, the central bank retains responsibility for the …
Persistent link: https://www.econbiz.de/10014402147
This paper describes a financial system that should be adopted for the 21st century. The paper highlights that the financial crisis of 2008 has raised fundamental questions about how the financial industry is structured, managed, and regulated. The paper discusses that a well-functioning...
Persistent link: https://www.econbiz.de/10014397983
financial system in developing countries, including implicit insurance on bank liabilities, limitations of capital markets, and … lack of appropriate regulations, are sources of financial fragility. The paper concludes that close supervision of bank … penalty on banking activity or charging a fair insurance premium on bank liabilities …
Persistent link: https://www.econbiz.de/10014396313
The report focuses on the role played by financial market infrastructures (FMIs) in maintaining and promoting financial stability in Japan. FMIs are important tools that contribute to the Japanese financial sector, especially in the domain of domestic financial stability. The oversight and...
Persistent link: https://www.econbiz.de/10014395647
This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....
Persistent link: https://www.econbiz.de/10014399680
markets are settled. It is operated by the Bank of Korea (BOK). The Korea Exchange (KRX) is the main player in the securities …
Persistent link: https://www.econbiz.de/10014411702
A banking system module is incorporated into the Central Bank of Barbados''s multisectoral macroeconomic forecasting … model, and a medium-term forecast is generated for bank capitalization, profitability, liquidity and nonperforming loans …
Persistent link: https://www.econbiz.de/10014402058
This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of...
Persistent link: https://www.econbiz.de/10014404937