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are at risk as over half of non-financial corporate debt-at-risk resides with SMEs; Stress tests show that (i) Korean … profit shock, could double the amount of debt-at-risk held by non-SME firms and; (iii) exchange rate shocks appear manageable … given low FX debt and natural FX hedges. Under a downside macro-financial stress test scenario, non-SME credit losses would …
Persistent link: https://www.econbiz.de/10012302759
The institutional framework for Macroprudential Policies (MaPP) in the Hong Kong Special Administrative Region (the Hong Kong SAR) is well established. According to the Basic Law, the Government of the Hong Kong SAR shall on its own formulate monetary and financial policies. The Financial...
Persistent link: https://www.econbiz.de/10012604073
This paper discusses four key issues, which are closely connected, on tax policy in Ukraine. These issues are social security contribution (SSC), the simplified tax regime for small taxpayers, the corporate profit tax, and excise tax. Ukraine's SSC rates are very high, which are associated with...
Persistent link: https://www.econbiz.de/10011460464
developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for … accounts and use cases, as well as SME policy, credit infrastructure, economic empowerment funds and consumer protection and …
Persistent link: https://www.econbiz.de/10012107593
The topics discussed in this report are tax regimes for small taxpayers (Chapter II) and the tax treatment of special economic zones (Chapter III). Although these aspects of the tax system have little direct effect on public finances, they affect many people and how those people make decisions...
Persistent link: https://www.econbiz.de/10013169078
Persistent link: https://www.econbiz.de/10001369465
This Technical Assistance report on Bulgaria reviews the formalization and implementation of a comprehensive … have improved, partly as a result of the 2016 Asset Quality Review, nonperforming loans remain high in Bulgaria, with …
Persistent link: https://www.econbiz.de/10012019496
The Irish economy continues to expand strongly, benefitting from higher net exports by multinational enterprises and robust domestic demand. Accelerating wage growth reflects tight labor market conditions and inflation has started to pick up. Crisis legacies have diminished but some...
Persistent link: https://www.econbiz.de/10012019700
The Ukrainian authorities have been able to restore macro-economic stability and growth following the severe economic crisis of 2014-15. However, efforts to create a more dynamic, open, and competitive economy have fallen short of expectations, and the economy still faces important challenges....
Persistent link: https://www.econbiz.de/10011986668
On April 13, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Chad's economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Completion of this review enables the immediate disbursement of SDR 35.05...
Persistent link: https://www.econbiz.de/10012109199