What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...

This indicator presents the ratio between selected financial assets of the banking sector and their total equity; it is also known as the equity multiplier ratio (or financial leverage). The banking sector covers the central bank, and monetary financial institutions, as well as other financial...

Vom 9. bis 10. Dezember 1996 fand in Wien ein Seminar statt, das sich mit dem Umstellungsprozess der Banken der Transformationsländer befaßte. Zu diesem Zeitpunkt befanden sich Rumänien und Bulgarien in schwerwiegenden Reformproblemen, zu deren Lösung dieses Diskussionsforum beitragen...