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era of finance and payments intermediation?These questions are raised in this paper.Instead of a formal analysis, an … important intermediators of financing and payments, and that these functions will constitute the core of banking also in the … accentuated the role of the central bank as a payments service provider to the banks and particularly as an overseer of payment …
Persistent link: https://www.econbiz.de/10012147791
era of finance and payments intermediation? These questions are raised in this paper. Instead of a formal analysis, an … remain important intermediators of financing and payments, and that these functions will constitute the core of banking also … competitive situation. This has accentuated the role of the central bank as a payments service provider to the banks and …
Persistent link: https://www.econbiz.de/10005649008
How to entrench hard-won gains, increase resilience to shocks, and improve growth performance to reduce poverty? As Central America moves forward in regaining macroeconomic stability, these are the challenges. This study analyzes Central America’s real, fiscal, monetary, and financial...
Persistent link: https://www.econbiz.de/10005590924
Bulgaria's macroeconomic performance, in the face of the prolonged slowdown in the EU, has been impressive, but further efforts are required. The government's fiscal policy has underpinned recent economic success, and pressures to loosen such policies should be resisted. Fiscal reforms have...
Persistent link: https://www.econbiz.de/10005591059
Performance under the program has been satisfactory. Real GDP growth is higher than estimated owing to substantially higher than projected agricultural production. Burkina Faso continues to depend heavily on external assistance and on cotton exports, and is highly vulnerable to terms-of-trade...
Persistent link: https://www.econbiz.de/10005591084
In the aftermath of adverse supply shocks, and with further measures to promote investment, growth of production and exports is expected to recover. Efforts to remove barriers to investment and ensure a reliable provision of electricity are critical to private-sector-led growth. External...
Persistent link: https://www.econbiz.de/10005591092
The staff report for the Second Review Under the Stand-By Arrangement on the Former Yugoslav Republic (FYR) of Macedonia highlights economic developments and policies. FYR of Macedonia’s economic performance since independence has been marked by notable achievements in macroeconomic...
Persistent link: https://www.econbiz.de/10005591101
Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15.62 percent of quota is discussed. The SBA-supported program seeks to reduce increased external vulnerability and to achieve sustainable high growth through a tighter fiscal...
Persistent link: https://www.econbiz.de/10005591108