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Loss of correspondent banking relationships in the Caribbean : trends, impact, and policy options
Alleyne, Trevor; Bouhga-Hagbe, Jacques; Dowling, Thomas; … - 2017
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...
Persistent link: https://www.econbiz.de/10011743070
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Fintech potential for remittance transfers : a Central America perspective
Bersch, Julia; Clevy, Jean François; Muhammad, Naseem; … - 2021
This paper analyzes the potential for fintech to facilitate cheaper and more efficient remittances, and to enhance … financial inclusion in Central America. Digital remittances remain nascent in the region, primarily reflecting behavioral … alliances between traditional and fintech operators, digital remittances can further reduce transaction costs and reach those …
Persistent link: https://www.econbiz.de/10012610695
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Central bank risk management, fintech, and cybersecurity
Khan, Ashraf; Malaika, Majid - 2021
Based on technical assistance to central banks by the IMF's Monetary and Capital Markets Department and Information Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank risk management. The paper draws on findings from the...
Persistent link: https://www.econbiz.de/10012604809
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Foreign Bank Supervision and Challenges to Emerging Market Supervisors
Song, Inwon - 2004
The increased presence of foreign banks in a country''s domestic banking system necessitates the development of effective cross-border prudential supervision where the consolidated supervision is the essential element. This paper presents foreign bank supervision in terms of division of...
Persistent link: https://www.econbiz.de/10014401304
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Remittances : An Automatic Output Stabilizer?
Hakura, Dalia - 2009
effect on these economies. The paper estimates the impact of remittances on output stability for countries that are dependent … find robust evidence that remittances have a negative effect on output growth volatility of recipient countries. This … result supports the notion that remittance flows are a stabilizing influence on output. Thus, the fall in remittances …
Persistent link: https://www.econbiz.de/10014402504
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Compliance with the AML/CFT [Anti-Money Laundering and Combating the Financing of Terrorism] international standard : lessons from a cross-country analysis
Verdugo Yepes, Concepcion - 2011
This paper assesses countries’ compliance with the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) international standard during the period 2004 to 2011. We find that overall compliance is low; there is an adverse impact on financial transparency created by the...
Persistent link: https://www.econbiz.de/10009424878
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Islamic Finance and Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
Kyriakos-Saad, Nadim; Vasquez, Manuel; El Khoury, Chady; … - 2016
The money laundering (ML) and terrorist financing (TF) risks associated with conventional finance are generally well identified and understood by the relevant national authorities. There is, however, no common understanding of ML/TF risks associated with Islamic finance. Some are likely to be...
Persistent link: https://www.econbiz.de/10011445375
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Credit Booms and macroeconomic dynamics : stylized facts and lessons for low-income countries
Arena, Marco; Bouza, Serpil; Dabla-Norris, Era; … - 2015
Persistent link: https://www.econbiz.de/10011282724
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Credit Booms and Macroeconomic Dynamics: Stylized Facts and Lessons for Low-Income Countries
2015 - Arena, Marco ; Bouza, Serpil ; Dabla-Norris, Era ; Gerling, Kerstin ; Njie, Lamin ed
Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960�2011, we identify, document, and compare the macro-economic dynamics of credit booms across low-and middle-income countries. The results suggest that while the duration and magnitude of credit...
Persistent link: https://www.econbiz.de/10014411922
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Challenges in correspondent banking in the small states of the Pacific
Alwazir, Jihad; Jamaludin, Fazurin; Lee, Dongyeol; … - 2017
and Combating the Financing of Terrorism compliance in the context of high levels of remittances are contributing to banks …
Persistent link: https://www.econbiz.de/10011671102