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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
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
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
Persistent link: https://www.econbiz.de/10012628311
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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
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/10005558943
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