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crisis. While Russia's strong short-term macroeconomic fundamentals make it better than many emerging economies to deal with … the crisis, its underlying structural weaknesses and high dependence on the price of a single commodity make its impact … more pronounced than otherwise. But the crisis also presents an opportunity to address the medium- to longer term …
Persistent link: https://www.econbiz.de/10005789739
Supervisors sometimes have to manage both the micro- and macro- prudential dimensions of bank stability. These may either conflict or complement each other. We analyze prudential supervision by the Central Bank of Russia (CBR). We find evidence of micro-prudential concerns, measured as the...
Persistent link: https://www.econbiz.de/10003440150
a more integrated approach to the reform of the sector, including measures aimed at increasing capitalisation, and the …
Persistent link: https://www.econbiz.de/10013052304
Persistent link: https://www.econbiz.de/10000935203
Persistent link: https://www.econbiz.de/10013428710
The inception of Islamic finance in Russia dates back to 2000. Today, however, the industry remains small and lacks any meaningful market impact. In the light of the quick-paced progress of Islamic finance world-wide, this may look unnatural given the size of the indigenous Muslim population and...
Persistent link: https://www.econbiz.de/10013024534
Socionomic theory proposes that social mood manifests across the spectrum of social behavior, from the movements of stock market indexes to the leaders we elect to the songs we choose to hear and even to changes in the social propensity toward peace or war. This case study tracks a real-time...
Persistent link: https://www.econbiz.de/10012950192
Sovereign bonds are usually priced under the assumption that only the sovereign issuer may be responsible of their repayment. In some cases however, bondholders may legitimately expect to be repaid by more than one agent. For example, when a country breaks-up, successor states may agree to...
Persistent link: https://www.econbiz.de/10014080442
We focus on the conflict between two central bank objectives – individual bank stability and systemic stability. We study the licensing policy of the Central Bank of Russia (CBR) during 1999-2002. Banks in poorly banked regions, banks that are too big to be disciplined adequately, and banks...
Persistent link: https://www.econbiz.de/10005648563
Sovereign bonds are usually priced under the assumption that only the sovereign issuer may be responsible of their repayment. In some cases however, bondholders may legitimately expect to be repaid by more than one agent. For example, when a country breaks-up, successor states may agree to...
Persistent link: https://www.econbiz.de/10005523527