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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. …
Persistent link: https://www.econbiz.de/10003393906
Malaysia has sustained over four decades of rapid, inclusive growth, reducing its dependence on agriculture and commodity exports to become a more diversified, modern and open economy. GDP per capita is now higher than in a number of OECD economies, while poverty and income inequality have...
Persistent link: https://www.econbiz.de/10011700166
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
to considerable balance sheet adjustments and prevailing uncertainty, which together limited banks’ capacity and …
Persistent link: https://www.econbiz.de/10010231109
recognised swiftly, losses taken, insolvent banks wound down orderly and capital shortfalls plugged at still solvent banks. …
Persistent link: https://www.econbiz.de/10010231133
-owned banks. The levels of non-performing loans and capital adequacy ratios compare poorly in international perspective and may … for the two main stateowned banks in mid-2012. To foster the credibility of the new tests, the main results and underlying … by ring-fencing impaired assets, which would create conditions for an orderly resolution of non-viable banks and a rapid …
Persistent link: https://www.econbiz.de/10009767739
Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the experience of institutional investors in the two countries...
Persistent link: https://www.econbiz.de/10009767832
This paper investigates policyholder protection schemes in OECD member countries and selected non-OECD countries. It is selective in its scope: it examines the rationale for a policyholder protection scheme; the relationship between certain design features and moral hazard; the role of a...
Persistent link: https://www.econbiz.de/10009767833
Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks...
Persistent link: https://www.econbiz.de/10009711216
banking sector is sufficiently capitalised in the short term, banks are deleveraging by cutting down their dependence on cross … ban on foreign currency lending for mortgages, future uncertainties about parent banks’ funding and undermined creditors … while weakening banks’ solvency. The mid-December 2011 agreement between the government and the banking sector was a welcome …
Persistent link: https://www.econbiz.de/10009690134