Documents et rapports

The Role of Green Financial Sector Initiatives in the Low-Carbon Transition : A Theory of Change (anglais)

Green financial sector initiatives, including financial policies, regulations, and instruments, could play an important role in the low-carbon transition by supporting countries in the implementation of...

Georgia - Financial Sector Assessment (anglais)

Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade (anglais)

The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs)...

Credit Cycles in Countries in the MENA Region -- Do They Exist ? Do They Matter? (anglais)

This paper estimates private sector credit cycles for most of the oil-importing and oil-exporting countries in the Middle East and North Africa. Credit cycles are the medium-term component in spectral...

Capital flow measures : structural or cyclical policy tools? (anglais)

This paper analyzes the use of capital flow measures in emerging markets. Drawing on a specially compiled new database of capital flow measures, it establishes that policy makers in emerging market economies...

Official Documents- Administration Agreement with the Rebublic of Austria represented by the Federal Ministry of Finance for Contribution to TF072993 (anglais)

Bulgaria - Financial Sector Assessment (anglais)

The authorities have actively pursued restoring credibility in the financial system following the collapse of the system’s fourth largest bank in 2014. To restore credibility, the authorities - in addition...

Russian Federation - Financial sector assessment program : technical note - macroprudential policy (anglais)

Financial stability oversight responsibilities are currently shared between the Central Bank of Russia (CBR) and a high-level inter-agency National Council on Ensuring Financial Stability (FSC). Given...

Financial regulation and government revenue : the effects of a policy change in Ethiopia (anglais)

Financial regulation affects government revenue whenever it imposes both the mandatory quantity and price of government bonds. This paper studies a banking regulation adopted by the National Bank of Ethiopia...

Bangladesh - Financial Sector Support Project : procurement plan (anglais)

Monitoring financial stability in developing and emerging economies : practical guidance for conducting macroprudential analysis (anglais)

In the aftermath of the global financial crisis, interest in systemic risk has surged among academics and policy makers. The mitigation of systemic risk is now widely accepted as the fundamental underlying...

Korea, Republic of - Financial sector assessment (anglais)

This report summarizes the findings of the Financial Sector Assessment Program (FSAP) Update for South Korea undertaken in April 2013 by a joint IMF-World Bank team. This first mission assessed the observance...

Macroprudential policy framework : a practice guide (anglais)

This practice guide is primarily intended as a reference and guidance for emerging market economies in their migration to a formal macroprudential policy framework. It relies largely on the existing wisdom...

Reserve requirements in the brave new macroprudential world (anglais)

Using a new, large data set on quarterly reserve requirements for the period 1970-2011, this paper provides new evidence on the use of reserve requirements as a countercyclical macroprudential tool in...

Reserve requirements in the brave new macroprudential world (anglais)

The active use of prudential instruments to regulate the level of credit and influence its allocation, popular in the 1970s and 1980s, fell somehow into disgrace in the 1990s, when the regulatory pendulum...

Macro prudential policies from a micro prudential angle (anglais)

The standard macro(prudential) models focus on externalities and treat all prudential instruments as alternative, but equivalent, forms of Pigouvian taxes. This paper explicitly models individual banks'...

Responsible lending : overview of regulatory tools (anglais)

This paper provides an overview of key regulatory actions a government may implement to support responsible lending. It covers a range of possible interventions, including the provision of information...

The foundations of macroprudential regulation : a conceptual roadmap (anglais)

This paper examines the conceptual foundations of macroprudential policy by reviewing the literature on financial frictions from a policy perspective that systematically links state interventions to market...

The conceptual foundations of macroprudential policy : a roadmap (anglais)

This paper explores post-Lehman macroprudential regulation by interacting two types of market failures (principal-agent and collective action) with two cognition modes (unconstrained and constrained) in...

Asset prices, macro prudential regulation, and monetary policy (anglais)

Confidence in combining inflation-targeting-cum-flexible-exchange-rate regimes with isolated micro prudential regulation as a means to guarantee both macroeconomic and financial stability has been shattered...