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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
Various indicators place Cyprus’s banking system soundness ahead of emerging countries but behind advanced economies. This report discusses financial sector stability in Cyprus, using a combination of accounting-based and market-based indicators, and stress tests. Cypriot commercial banks...
Persistent link: https://www.econbiz.de/10011245527
This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to the too-important-to-fail problem. It is argued that while the more radical of...
Persistent link: https://www.econbiz.de/10009369435
A review of the experience of five developing countries in reforming their financial systems illustrates the benefits and risks, and provides lessons on the factors which contribute to successful financial sector reforms. Financial sector reforms need to be supported by active monetary policy,...
Persistent link: https://www.econbiz.de/10005825950
countries with financial systems with high foreign bank participation, large exposures to ailing global financial institutions …
Persistent link: https://www.econbiz.de/10011243175
Die Diskussion um die Aufspaltung der Universalbanken ist wieder neu entflammt. Kann die Trennung von Geschäfts- und Investmentbanken zu größerer Stabilität auf den Finanzmärkten führen? Nach Ansicht von Karl Socher, Universität Innsbruck, hat die Zulassung von Universalbanken die...
Persistent link: https://www.econbiz.de/10010603848
Persistent link: https://www.econbiz.de/10010925527
The paper identifies France’s structural reforms that would yield the largest competitiveness gains based on macro-empirical evidence, and reviews signs of potential gains from a deregulation of the services sector. It is expected that completing deregulation in the services sector would...
Persistent link: https://www.econbiz.de/10011245240
In this speech to the staff of the Reserve Bank of India delivered on May 14, 2007 at the RBI, Central Office, Mumbai …, the author offers some comments on the challenges posed by financial liberalisation drawing a comparison with France. The … lessons that can be drawn from a comparison with the French experience may seem limited since, in the 1980s, France was facing …
Persistent link: https://www.econbiz.de/10005487736
indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any “globalization” of the euro area crisis is likely to be channelled through …
Persistent link: https://www.econbiz.de/10011242342