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This Selected Issues paper focuses on labor productivity dynamics in Spain. Labor productivity has been a long …-standing structural challenge in Spain. Productivity performance has been weak across several dimensions: labor productivity levels are … productivity in Spain exhibited a counter-cyclical pattern driven by the large reduction in employment. Total factor productivity …
Persistent link: https://www.econbiz.de/10015059781
This technical note focuses on financial safety net crisis management in Iceland. This paper assesses and makes recommendations regarding the different elements of the financial safety net in Iceland. The scope of the assessment includes the institutional arrangements for recovery, resolution,...
Persistent link: https://www.econbiz.de/10015059197
This technical note on Iceland focuses on Stress Testing and Systemic Risk Analysis. The Financial Sector Assessment Program took place against the background of a strengthened financial sector in Iceland amid heightened uncertainty in the global economy. The Icelandic financial landscape has...
Persistent link: https://www.econbiz.de/10015059202
Chile has a large and well-developed financial system, compared with the rest of Latin America. The market is well integrated into the global financial system, with Chilean firms investing in foreign financial assets, either directly or via institutional investors, and foreigners participating...
Persistent link: https://www.econbiz.de/10015060125
Japan has made progress in improving its crisis readiness since the 2017 FSAP, and the authorities are committed to make further enhancements that are needed. Notably, the authorities have introduced loss absorbing capacity (LAC) requirements, expanded the recovery and resolution planning (RRP)...
Persistent link: https://www.econbiz.de/10015058445
Japan's financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, the pace of digitalization in Japan has increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and...
Persistent link: https://www.econbiz.de/10015058447
This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The Georgian authorities have indicated their interest in operationalizing their recovery, resolution, and crisis management frameworks. The report highlights the need to...
Persistent link: https://www.econbiz.de/10015059826
The Mexican financial authorities strengthened the financial safety net since the last FSAP and need to continue and accelerate enhancements. Recovery and resolution plans are in place for all commercial banks, systemic banks are required to increase their loss absorbency complementing the...
Persistent link: https://www.econbiz.de/10015059984
This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The economic environment has improved, as coronavirus disease, 2019 has been brought under control but there are new challenges emerging. Economic growth is strong, interest...
Persistent link: https://www.econbiz.de/10015059565
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security funds) accounting for about 70 percent of general government spending, the...
Persistent link: https://www.econbiz.de/10011244961