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Fiscal Responsibility Laws (FRLs) appear to be more popular in middle-income countries than advanced countries, even though their success is limited. The reasons why few advanced countries have a FRL include: the existing legal framework for the budget system is adequate; supranational rules and...
Persistent link: https://www.econbiz.de/10008727812
This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform...
Persistent link: https://www.econbiz.de/10008470407
This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides …
Persistent link: https://www.econbiz.de/10008542987
and profitability. Possible factors leading to large profits in the banking system, despite wide-spread inefficiencies …
Persistent link: https://www.econbiz.de/10008528607
the general equilibrium effects of capital flows (portfolio investments and loans, FDI) on the governance of domestic … banks. We find that liberalization of capital flows may deteriorate the governance of the domestic financial system by …
Persistent link: https://www.econbiz.de/10005248244
The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall debt including bank debt, although the lagged response is positive, and listed...
Persistent link: https://www.econbiz.de/10005263785
governance challenges. Risks include the use of the endowment for purposes other than members' best interest, such as empire … corporate governance is warranted and that cooperatives need mechanisms enabling them to better manage their capital. …
Persistent link: https://www.econbiz.de/10005264159
The paper examines recent episodes of government involvement in corporate debt restructurings. It argues that corporate debt restructuring is an important step toward recovery from a financial crisis. We then discuss the rationale for, and modalities of, the state intervention in corporate debt...
Persistent link: https://www.econbiz.de/10008727803
This paper provides empirical evidence that the quality of regulatory governance-governance practices adopted by … system soundness and regulatory governance, based on country data collected from the Financial Sector Assessment Program … (FSAP). Regression results indicate that regulatory governance has a significant influence on financial system soundness …
Persistent link: https://www.econbiz.de/10005825836
This paper examines the relationship between the quality of banking supervision and governance of the supervisory … supervisor and the effectiveness of banking supervision; moreover, better accountability and integrity practices of the banking …
Persistent link: https://www.econbiz.de/10005826549