Documents et rapports
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The impact of funding models and foreign bank ownership on bank credit growth : is Central and Eastern Europe different ? (anglais)
This paper provides new evidence on the factors affecting protracted credit contraction in the wake of the global financial crisis. The paper applies panel vector autoregressions to a global panel that...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS6783 Date du document: 1 février 2014 Mode de publication: Disclosed Auteur: Feyen, Erik H.B.,Letelier, Raquel Alejandra,Love, Inessa,Maimbo, Samuel Munzele,Rocha, Roberto
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East Asia and Pacific economic update, October 2013 : rebuilding policy buffers, reinvigorating growth (anglais)
Global growth momentum accelerated during the second and third quarters of 2013, while many downside risks lingered in the background. Strengthening of global growth momentum will help developing East...
Type de document: Publication Numéro du rapport: 81681 Date du document: 1 octobre 2013 Mode de publication: Disclosed Auteur: Mishra, Deepak K.,Mohapatra, Sanket,Nguyen, Trang Van,O'Keefe, Philip B.,Ollero, Antonio M.,Packard, Truman G.,Rocha, Roberto,Smits, Karlis,Somanathan, Aparnaa,Spatafora, Nikola L.,Umapathi, Nithin,Vashakmadze, Ekaterine T.,Wang, Jun
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Bank ownership and performance in the Middle East and North Africa region (anglais)
Although both domestic and foreign private banks have gained ground in MENA in recent years, state banks continue to play an important role in many countries. Using a MENA bank-level panel dataset for...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5620 Date du document: 1 avril 2011 Mode de publication: Disclosed Auteur: Farazi, Subika,Feyen, Erik H.B.,Rocha, Roberto
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The status of bank lending to SMES in the Middle East and North Africa region : the results of a joint survey of the Union of Arab Bank and the World Bank (anglais)
Among the principal constraints for SME lending is the lack of SME transparency, poor credit information from credit registries and bureaus, and weak creditor rights. If constraints can be addressed, lending...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5607 Date du document: 1 mars 2011 Mode de publication: Disclosed Auteur: Farazi, Subika,Khouri, Rania,Pearce, Douglas,Rocha, Roberto
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A review of credit guarantee schemes in the Middle East and North Africa Region (anglais)
Many countries in the MENA region have established partial credit guarantee schemes to facilitate SME access to finance. These schemes can play an important role, especially in a period where MENA governments...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5612 Date du document: 1 mars 2011 Mode de publication: Disclosed Auteur: Arvai, Zsofia,Rocha, Roberto,Saadani, Youssef
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What drives the development of the insurance sector ? an empirical analysis based on a panel of developed and developing countries (anglais)
The insurance sector can play a critical role in financial and economic development. By reducing uncertainty and the impact of large losses, the sector can encourage new investments, innovation, and competition...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5572 Date du document: 1 février 2011 Mode de publication: Disclosed Auteur: Feyen, Erik H.B.,Lester, Rodney Ross,Rocha, Roberto
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A summary and update of developing annuities markets : the experience of Chile (anglais)
The rapid growth of the market for retirement products in Chile has its origins in the pension reform that was implemented in 1981. But the successful development of an active annuity market also reflects...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5325 Date du document: 1 juin 2010 Mode de publication: Disclosed Auteur: Rocha, Roberto,Rudolph, Heinz P.
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Designing the payout Phase of pension systems : policy issues, constraints and options (anglais)
This paper examines the policy issues, constraints and options facing policymakers in promoting the development of sound markets for retirement products. It discusses the various risks faced by pensioners...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5289 Date du document: 1 mai 2010 Mode de publication: Disclosed Auteur: Rocha, Roberto,Vittas, Dimitri
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The payout phase of pension systems : a comparison of five countries (anglais)
This paper provides a comparative summary of the payout phase of pension systems in five countries -- Australia, Chile, Denmark, Sweden, and Switzerland. All five countries have large pension systems with...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS5288 Date du document: 1 avril 2010 Mode de publication: Disclosed Auteur: Rocha, Roberto,Rudolph, Heinz P.,Vittas, Dimitri
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Enabling conditions for second pillars of pension systems (anglais)
This note adds to the existing literature by examining the enabling conditions for the creation of mandatory funded pension funds, and identifying additional factors that are important to consider in the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS4890 Date du document: 1 avril 2009 Mode de publication: Disclosed Auteur: Rocha, Roberto,Rudolph, Heinz P.
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Risk-based supervision of pension funds : a review of international experience and preliminary assessment of the first outcomes (anglais)
This paper provides a review of the design and experience of risk-based pension fund supervision in several countries that have been leaders in the development of these methods. The utilization of risk-based...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS4491 Date du document: 1 janvier 2008 Mode de publication: Disclosed Auteur: Brunner, Gregory Gordon,Hinz, Richard Paul,Rocha, Roberto
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Competition and performance in the Polish second pillar (anglais)
This paper provides an assessment of the Polish funded pension system and the quality of the regulatory framework for the accumulation phase. There are two elements that distinguish the Polish pension...
Type de document: Publication Numéro du rapport: 40537 Date du document: 1 janvier 2007 Mode de publication: Disclosed Auteur: Rocha, Roberto,Rudolph, Heinz P.
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Financial sector dimensions of the Colombian pension system (anglais)
This paper provides an assessment of the funded pension system and the quality of the regulatory framework for both accumulation and payout phase. It suggests that the lack of portfolio diversification...
Type de document: Publication Numéro du rapport: 40536 Date du document: 1 janvier 2007 Mode de publication: Disclosed Auteur: Cheikrouhou, Hela,Rocha, Roberto,Rudolph, Heinz P.,Thorburn, Craig Walton
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Developing annuities markets : the experience of Chile (anglais)
Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension...
Type de document: Publication Numéro du rapport: 38060 Date du document: 1 novembre 2006 Mode de publication: Disclosed Auteur: Rocha, Roberto,Thorburn, Craig Walton
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An empirical analysis of the annuity rate in Chile (anglais)
Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS3929 Date du document: 1 juin 2006 Mode de publication: Disclosed Auteur: Morales, Marco,Rocha, Roberto,Thorburn, Craig Walton
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An analysis of money's worth ratios in Chile (anglais)
Empirical analyses of annuities markets have been limited to a few industrial countries and restricted by data limitations. Chile provides excellent conditions for research on annuities because of the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS3926 Date du document: 1 mai 2006 Mode de publication: Disclosed Auteur: Morales, Marco,Rocha, Roberto,Thorburn, Craig Walton
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Competition and performance in the Hungarian second pillar (anglais)
The performance of the Hungarian second pillar since inception has been mixed. This is partly due to a less than satisfactory support for the 1997 pension reform, conservative fund portfolio distributions...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS3876 Date du document: 1 avril 2006 Mode de publication: Disclosed Auteur: Impavido, Gregorio,Rocha, Roberto
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Pension reform in Hungary : a preliminary assessment (anglais)
Hungary is entering the fourth year of a multi-pillar pension reform that has proved popular among workers despite initially lukewarm support from the government that succeeded the reforming government...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS2631 Date du document: 31 juillet 2001 Auteur: Rocha, Roberto,Vittas, Dimitri