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Despite the global slowdown, Cambodia’s economy has been holding up, driven by resilient exports and tourism and a strong real estate recovery. Fiscal policy has remained anchored in rebuilding government deposits and maintaining long-term fiscal debt sustainability, while providing...
Persistent link: https://www.econbiz.de/10011243380
The global financial crisis hit Denmark hard, and the recovery has been slow and unsteady. Denmark’s slow growth predates the recent economic crisis, and the economy has underperformed its regional peers. The current account remains in surplus, largely reflecting weak domestic demand...
Persistent link: https://www.econbiz.de/10011244874
The recent financial crises have underscored the need for the European Union (EU) to take a regional approach to financial stability. Preserving financial stability in such an environment requires a supranational oversight framework. Progress has been made toward stronger pan-European...
Persistent link: https://www.econbiz.de/10011245466
This paper studies why currency and monetary shock hit Indonesia's economy and banking sector so severely and the … measures that were taken to deal with the banking crisis, the lessons learned, and challenges faced in restructuring and … strengthening the banking system. The vulnerable state of the banking sector, in combination with exchange rate and interest rate …
Persistent link: https://www.econbiz.de/10005605259
stronger external environment. Efforts to consolidate public finances and repair the banking system began strengthening …
Persistent link: https://www.econbiz.de/10011244665
This staff report on the Republic of Yemen’s 2013 Article IV Consultation highlights economic development and policies. The macroeconomic situation stabilized in 2012, but the recovery remains fragile. After contracting by more than 12 percent in 2011, real GDP is estimated to have grown...
Persistent link: https://www.econbiz.de/10011242962
The Selected Issue Paper discusses the Swiss National Bank’s (SNB) balance sheet risks and policy implications. Despite increased profit allocations, SNB capital has not kept pace with its growing balance sheet. The paper also explores the empirical determinants of pressures on the Swiss...
Persistent link: https://www.econbiz.de/10011244196
This note outlines the basic economics of the shadow banking system, highlights (systemic) risks related to it, and …
Persistent link: https://www.econbiz.de/10011245881
Staff Report for the 2012 Article IV consultation, prepared by a staff team of the IMF, following discussions that ended on July 23, 2012, with the officials of Sudan on economic developments and policies. Based on information available at the time of these discussions, the staff report was...
Persistent link: https://www.econbiz.de/10011245092
, reduced role of securities markets, imperfect competition in the banking sector and the resulting high cost of bank lending to …
Persistent link: https://www.econbiz.de/10008671304