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This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10011347736
This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks’ refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10009786090
Persistent link: https://www.econbiz.de/10010126830
This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10013090744
This paper assesses the stability of the financial system in Bulgaria. Progress has been made in Bulgaria to strengthen … needed to address high nonperforming loans (NPLs), which in Bulgaria's banks stood at 13.7 percent of total loans as of June …
Persistent link: https://www.econbiz.de/10011697704
This Technical Note evaluates the financial safety net and crisis management for Bulgaria. Since the 2008 IMF Financial … Sector Assessment Program Update, Bulgaria's financial safety net and crisis management arrangements, including bank … resolution and contingency planning, have improved. In 2015, to implement pertinent European Union rules, Bulgaria introduced a …
Persistent link: https://www.econbiz.de/10011698079
Persistent link: https://www.econbiz.de/10011760973
We propose a regulatory approach for restricting debt financing as an amplification mechanism across the financial system. A small stylised model illustrates the trade-off between static and time varying limits on leverage in dampening the financial cycle. The policy section proposes its...
Persistent link: https://www.econbiz.de/10010532609
Persistent link: https://www.econbiz.de/10011458907