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The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines...
Persistent link: https://www.econbiz.de/10011244188
Although progress has been made in strengthening the Swiss economy, systemic risks posed by large banks as well as revisions to the macroprudential framework are still in train. The authorities welcomed the too-big-to-fail (TBTF) legislation and intervention of the Swiss National Bank (SNB) on...
Persistent link: https://www.econbiz.de/10011244540
This technical note discusses the banking system structure, performance, and medium-term challenges for Switzerland …. The note discusses that the Swiss banking sector has been undergoing a substantial consolidation over the last 10 years …
Persistent link: https://www.econbiz.de/10011244615
Switzerland was hard hit by the global crisis; however, the 1.5 percent contraction in 2009 compares favorably with most industrial countries. This 2010 Article IV Consultation highlights that after a year-long decline in real GDP, the economy exited the recession in mid-2009. In response to the...
Persistent link: https://www.econbiz.de/10011244693
This Technical Note focuses on banking sector structure in Germany. Germany’s banking system comprises three â …. The German banking system includes a large number of institutions in both absolute and relative terms. This note describes … the evolution of Germany’s three-pillar banking system. It analyzes capitalization, credit and the intermediation of …
Persistent link: https://www.econbiz.de/10011244755
The staff report for the 2010 Article IV Consultation underlies a thorough and objective view of the macroeconomic situation in Luxembourg and the challenges the economy is facing. The country’s enviable position of public finances at the onset of the crisis provided the space to...
Persistent link: https://www.econbiz.de/10011244920
Banking Supervision. The U.S. financial system is large and highly diversified. At the end-2007, total U.S. financial assets …
Persistent link: https://www.econbiz.de/10011245173
This paper discusses key findings of the two-year Stand-By-Arrangement for Ukraine under the Emergency Financing Mechanism. Output growth is turning negative on the back of a large terms-of-trade shock and the ongoing credit crunch. The deterioration of the economic and financial situation is...
Persistent link: https://www.econbiz.de/10011245207
banking system soundness, and develop a more robust monetary policy framework. Directors stressed the need for implementing … tax and expenditure policies, pension reforms to catalyze financing, and measures to strengthen the banking system …
Persistent link: https://www.econbiz.de/10011245428
€™s compliance with the Basel Core Principles (BCPs) for Effective Banking Supervision. Japan has introduced various improvement …
Persistent link: https://www.econbiz.de/10011245451