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Persistent link: https://www.econbiz.de/10013169204
This paper presents Financial System Stability Assessment of Australian financial systems. The report highlights that financial supervision and systemic risk oversight have been enhanced. And the authorities have taken successful policy action to calm rapid growth in riskier segments of the...
Persistent link: https://www.econbiz.de/10011986840
This paper analyzes systemic risks related to Financial Market Infrastructures (FMI) in Australia, in particular … strengthened over the past few years. It is recommended that the Reserve Bank of Australia considers reviewing its approach to … and lessons learned in the formulation and codification of Australia's bank and insurer resolution regime. Enforcement …
Persistent link: https://www.econbiz.de/10011986842
Ghana has been hit hard by the pandemic. The government's proactive response helped contain the spread of COVID-19, protecting lives and limiting the impact on economic activity. However, partly because of the pandemic, the fiscal position worsened considerably last year, with a sharp increase...
Persistent link: https://www.econbiz.de/10012604319
Persistent link: https://www.econbiz.de/10001816422
A swift policy response helped mitigate the economic impact of the twin COVID-19 and oil price shocks and contain the initial spread of the virus. A gradual recovery driven by the non-oil sector is underway, following a deep recession in 2020. Fiscal and external balances have improved with...
Persistent link: https://www.econbiz.de/10013168968
A new wave of the COVID-19 pandemic is creating headwinds for the nascent economic recovery from the deep recession spurred by the pandemic's onset and related oil price shocks. Over the medium term, reforms supporting improved governance, economic diversification, and resilience will help...
Persistent link: https://www.econbiz.de/10013168979
Policies since 2018 have stabilized the economy in a very difficult environment. Yet many challenges remain for sustainable development, especially high debt and oil dependency. The authorities remain committed to continued reforms
Persistent link: https://www.econbiz.de/10013169199
Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The...
Persistent link: https://www.econbiz.de/10013169529
Sultan Haitham ascended to the throne in January 2020 and has committed to implementing strong fiscal and structural reforms to address longstanding vulnerabilities. In addition to persistent fiscal deficits arising from incomplete adjustment to lower oil prices since 2015, Oman faced twin...
Persistent link: https://www.econbiz.de/10012697799