This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation … exercise. Based on the Scandinavian experience and the added complexity of China's status as a transition economy, financial …

This study examines the impacts of a large-scale government-led microcredit program on informal risk sharing among poor … households in rural China based on a randomized controlled trial. The results show that financial inclusion, on average, reduced …

proposition using a panel of Ukrainian banks over the 2003Q2-2008Q2 period. The estimates indicate that banks decrease their …. Additionally, small and least profitable banks are less likely to be affected by changes in the macroeconomic environment compared …

that meeting. The discussion was organized around four broad topics: international banks, new liquidity rules and monetary … intervention for central bank balance sheets; and additional supporting policies that central banks can use to address the policy … introduces an additional dimension - the evaluation of financial stability risks - to the objectives of central banks. Monetary …

stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may … make banks internalizing such costs and improves the efficiency of intermediation. …

When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk … and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by … banks in countries with credit booms before the pandemic. The higher risk sensitivity of IRB models does not always result …