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The Use of Financial Accounts in Assessing Financial Stability[1]
... system, whereby the financial stability of the banking sector is crucial for the soundness of financial corporations. To successfully safeguard financial stability, the vulnerabilities of the financial sector and, as their counterpart, the non-financial sectors should be effectively identified and m ...
... system, whereby the financial stability of the banking sector is crucial for the soundness of financial corporations. To successfully safeguard financial stability, the vulnerabilities of the financial sector and, as their counterpart, the non-financial sectors should be effectively identified and m ...
Fighting Fit: Are you ready to tackle future eurozone shocks
... What does this mean for business and industry? The message is clear: despite the recent relative silence from politicians and the media, many of the ingredients for a renewed fiscal and even banking crisis are still present within the eurozone. If this were to come about, it would be likely to foll ...
... What does this mean for business and industry? The message is clear: despite the recent relative silence from politicians and the media, many of the ingredients for a renewed fiscal and even banking crisis are still present within the eurozone. If this were to come about, it would be likely to foll ...
China`s Progress Towards Capital Account Convertibility
... The goal of Chinese foreign exchange policy in the short and intermediate runs is to help maintain and support Chinese economic growth by promoting international trade and investment while at the same time minimizing the sensitivity and vulnerability of the Chinese economy to external disturbances a ...
... The goal of Chinese foreign exchange policy in the short and intermediate runs is to help maintain and support Chinese economic growth by promoting international trade and investment while at the same time minimizing the sensitivity and vulnerability of the Chinese economy to external disturbances a ...
36 - CERGE-EI
... no exchange rate fluctuations that create uncertainty for businesses engaging in trade between EMU countries. • Businesses could always deal with such uncertainty by engaging in forward foreign exchange contracts with their banks, but the banks charged for this service and a single currency eliminat ...
... no exchange rate fluctuations that create uncertainty for businesses engaging in trade between EMU countries. • Businesses could always deal with such uncertainty by engaging in forward foreign exchange contracts with their banks, but the banks charged for this service and a single currency eliminat ...
This PDF is a selection from an out-of-print volume from the... of Economic Research
... domestic goods by switching expenditures from imports to domestically produced goods. To the extent that nominal prices or wages are rigid, the devaluation leads to an increase in output in the domestic goods sector. For some time now, however, a number of economists have argued, contrary to the tra ...
... domestic goods by switching expenditures from imports to domestically produced goods. To the extent that nominal prices or wages are rigid, the devaluation leads to an increase in output in the domestic goods sector. For some time now, however, a number of economists have argued, contrary to the tra ...
NBER WORKING PAPER SERIES PREVENTING FINANCIAL CRISES: AN INTERNATIONAL PERSPECTIVE Frederic S. Mishkin
... the result that the Japanese government has even considered a bank bailout plan. In September 1992, a speculative crisis in the foreign exchange market almost brought down the Exchange Rate Mechanism of the European Monetary System. The system was saved, but only after intervention by European centr ...
... the result that the Japanese government has even considered a bank bailout plan. In September 1992, a speculative crisis in the foreign exchange market almost brought down the Exchange Rate Mechanism of the European Monetary System. The system was saved, but only after intervention by European centr ...
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... The reasons behind the euro crisis have been extensively discussed by economists. The book authored by the EuroThinkTank of Finland reviewed those reasons, including labour market mechanisms and the resulting current account problems. Moreover, a lot of attention was devoted to the financial issues, ...
... The reasons behind the euro crisis have been extensively discussed by economists. The book authored by the EuroThinkTank of Finland reviewed those reasons, including labour market mechanisms and the resulting current account problems. Moreover, a lot of attention was devoted to the financial issues, ...
Short-Term Financial Decisions (cont.)
... – One of their basic responsibilities is international taxation— a complex issue because national governments follow a variety of tax policies. – In general, U.S.-based MNCs must take into account several factors. • MNCs need to examine the level of foreign taxes. • There is a question as to the def ...
... – One of their basic responsibilities is international taxation— a complex issue because national governments follow a variety of tax policies. – In general, U.S.-based MNCs must take into account several factors. • MNCs need to examine the level of foreign taxes. • There is a question as to the def ...
International Financial Regulation, Regulatory Risk and the Cost of
... Many arguments in favour of government intervention in the banking sector are Pigouvian (a normative or public interest view) – the existence of monopoly power, externalities and information asymmetries create a potentially beneficial role for government interventions to offset these market failures ...
... Many arguments in favour of government intervention in the banking sector are Pigouvian (a normative or public interest view) – the existence of monopoly power, externalities and information asymmetries create a potentially beneficial role for government interventions to offset these market failures ...
Global Financial Stability Report(Chapter 1): Potent Policies for
... Adding to adverse macroeconomic pressures, sector-specific shocks—notably in the energy sector and, more recently, in the financial sectors—accentuated the downward comovement across major equity markets. Oil prices have fallen sharply since June 2014, hitting a 13-year low in February 2016 (Figure ...
... Adding to adverse macroeconomic pressures, sector-specific shocks—notably in the energy sector and, more recently, in the financial sectors—accentuated the downward comovement across major equity markets. Oil prices have fallen sharply since June 2014, hitting a 13-year low in February 2016 (Figure ...
End of an Epoch: Britain`s Withdrawal from the Gold Standard
... destabilising: creating a deflationary bias in the global monetary system which hampered world economic growth, and lead to rising unemployment; and it was to become one of the causes of the Great Depression. The countries that entered the gold standard had contrasting abilities to deal with its str ...
... destabilising: creating a deflationary bias in the global monetary system which hampered world economic growth, and lead to rising unemployment; and it was to become one of the causes of the Great Depression. The countries that entered the gold standard had contrasting abilities to deal with its str ...
... Social Survey of Asia and the Pacific, in addition to reviewing the economic progress the ESCAP region has made over the past year, analyses its population dynamics and their related policy implications. Furthermore, it provides a regional perspective on the subject of Financing for Development, an ...
1 An Alternative Stability and Growth Pact for the European Union
... Stability and Growth Pact was reached at the European Council Summit in Dublin in December 1996, and it was formally adopted at the Amsterdam Summit in July 1997. Before the final settlement on the Pact was reached, there had been several rounds of negotiations. It was suggested by the French govern ...
... Stability and Growth Pact was reached at the European Council Summit in Dublin in December 1996, and it was formally adopted at the Amsterdam Summit in July 1997. Before the final settlement on the Pact was reached, there had been several rounds of negotiations. It was suggested by the French govern ...
bndes - Initiative for Policy Dialogue
... “An Infrastructure Bank (IB) … There are good theoretical reasons for the creation of such a bank. (LSE Growth Commission, 2013) “Once a financial crisis hits, it is too late… institutions must already exist, with a clear mandate, experienced professional staff, and the financial capacity to respond ...
... “An Infrastructure Bank (IB) … There are good theoretical reasons for the creation of such a bank. (LSE Growth Commission, 2013) “Once a financial crisis hits, it is too late… institutions must already exist, with a clear mandate, experienced professional staff, and the financial capacity to respond ...
Another Look at Risks in Financial Group Structures
... added complications into account, the succeeding section looks at alternative policy approaches for addressing these risks and notes the limitations that may be encountered. The next major section concludes. ...
... added complications into account, the succeeding section looks at alternative policy approaches for addressing these risks and notes the limitations that may be encountered. The next major section concludes. ...
Aalborg Universitet
... This caught our attention and we came up with the argument that these differences are mainly due to the nature and distinct characteristics of the NSIs in these economies other things being equal. We carried out a study of BRICS economies (except Russia) to examine how far the relative strength or w ...
... This caught our attention and we came up with the argument that these differences are mainly due to the nature and distinct characteristics of the NSIs in these economies other things being equal. We carried out a study of BRICS economies (except Russia) to examine how far the relative strength or w ...
The Impact of the Boom in Global Finance on Developing Countries
... Within this overall context, this chapter examines the link between the global expansion of liquidity and the improvement in developing countries’ growth before the financial crisis. It begins with a review of the credit boom and its implications for the pricing of risk and borrowing costs. It then ...
... Within this overall context, this chapter examines the link between the global expansion of liquidity and the improvement in developing countries’ growth before the financial crisis. It begins with a review of the credit boom and its implications for the pricing of risk and borrowing costs. It then ...
3. External and Internal Balance
... The decrease of foreign trade dynamics in 2002 (y-o-y imports in CZK dropped by 4.3 %, exports by 1.0 %) derived particularly from the strong appreciation of CZK against EUR, evident from autumn 2001 until July 2002, which reflected negatively mainly in the value of exported goods. But in fact this ...
... The decrease of foreign trade dynamics in 2002 (y-o-y imports in CZK dropped by 4.3 %, exports by 1.0 %) derived particularly from the strong appreciation of CZK against EUR, evident from autumn 2001 until July 2002, which reflected negatively mainly in the value of exported goods. But in fact this ...
Capital account liberalisation: the Japanese experience
... (1983b, page 12)). At this time, there were controls on the prepayment of exports; but when huge profits over a very short period could be foreseen, the effectiveness of such controls was limited. After the United Kingdom shifted to floating exchange rates on 23 August, Japan did likewise on 28 Augu ...
... (1983b, page 12)). At this time, there were controls on the prepayment of exports; but when huge profits over a very short period could be foreseen, the effectiveness of such controls was limited. After the United Kingdom shifted to floating exchange rates on 23 August, Japan did likewise on 28 Augu ...
TURKISH G20 PRESIDENCY PRIORITIES FOR 2015
... Despite the extraordinary measures taken globally, the recovery after the Great Recession is not as healthy as desired. Growth is sluggish and fragile, unemployment remains high and inequalities are on the rise. Lower confidence levels hinder consumption and investment. Therefore, in 2015, discussio ...
... Despite the extraordinary measures taken globally, the recovery after the Great Recession is not as healthy as desired. Growth is sluggish and fragile, unemployment remains high and inequalities are on the rise. Lower confidence levels hinder consumption and investment. Therefore, in 2015, discussio ...
Metropolitan Baptist Church - Tarrant Baptist Association
... assisting other accounting staff with questions and printing of computer generated reports and statements in coordination with the Business Administrator. 3. Administers preparation of interim, year-end and comparative financial reports; performs and provides analysis of current results to prior per ...
... assisting other accounting staff with questions and printing of computer generated reports and statements in coordination with the Business Administrator. 3. Administers preparation of interim, year-end and comparative financial reports; performs and provides analysis of current results to prior per ...
Global financial system
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a series of reciprocal trade agreements slowly reduced tariffs worldwide. Efforts to revamp the international monetary system after World War II improved exchange rate stability, fostering record growth in global finance.A series of currency devaluations and oil crises in the 1970s led most countries to float their currencies. The world economy became increasingly financially integrated in the 1980s and 1990s due to capital account liberalization and financial deregulation. A series of financial crises in Europe, Asia, and Latin America followed with contagious effects due to greater exposure to volatile capital flows. The global financial crisis, which originated in the United States in 2007, quickly propagated among other nations and is recognized as the catalyst for the worldwide Great Recession. A market adjustment to Greece's noncompliance with its monetary union in 2009 ignited a sovereign debt crisis among European nations known as the Eurozone crisis.A country's decision to operate an open economy and globalize its financial capital carries monetary implications captured by the balance of payments. It also renders exposure to risks in international finance, such as political deterioration, regulatory changes, foreign exchange controls, and legal uncertainties for property rights and investments. Both individuals and groups may participate in the global financial system. Consumers and international businesses undertake consumption, production, and investment. Governments and intergovernmental bodies act as purveyors of international trade, economic development, and crisis management. Regulatory bodies establish financial regulations and legal procedures, while independent bodies facilitate industry supervision. Research institutes and other associations analyze data, publish reports and policy briefs, and host public discourse on global financial affairs.While the global financial system is edging toward greater stability, governments must deal with differing regional or national needs. Some nations are trying to orderly discontinue unconventional monetary policies installed to cultivate recovery, while others are expanding their scope and scale. Emerging market policymakers face a challenge of precision as they must carefully institute sustainable macroeconomic policies during extraordinary market sensitivity without provoking investors to retreat their capital to stronger markets. Nations' inability to align interests and achieve international consensus on matters such as banking regulation has perpetuated the risk of future global financial catastrophes.