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The Latvian authorities have strengthened their intervention capacity, financial supervision, and monitoring framework, and have taken steps to contain risks in Parex Bank. The staff report reviews the Republic of Latvia’s economic developments and policies. Substantial progress has been...
Persistent link: https://www.econbiz.de/10011242934
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving...
Persistent link: https://www.econbiz.de/10010790425
Persistent link: https://www.econbiz.de/10004063926
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth. …
Persistent link: https://www.econbiz.de/10005263983
This 2007 Article IV Consultation highlights that the Chilean economy is enjoying a broad-based upswing, fueled by a strong global environment and buoyant domestic demand. Underpinned by supportive fiscal and monetary policies, GDP growth is expected to reach 5¾ percent in 2007, above the...
Persistent link: https://www.econbiz.de/10011243210
mortgage crisis that arose in the summer of 2007 has set off a re-evaluation of the credit risk and this has brought a …
Persistent link: https://www.econbiz.de/10009221698
Persistent link: https://www.econbiz.de/10010790464
mortgage crisis that arose in the summer of 2007 has set off a re-evaluation of the credit risk and this has brought a …
Persistent link: https://www.econbiz.de/10005483171
Recapitalizing banks in a systemic crisis is a complex medium-term process that requires significant government intervention and careful management at both the strategic and individual bank levels. This paper highlights the range of operational and strategic issues to be addressed and the...
Persistent link: https://www.econbiz.de/10005605095