Development of non-bank financial institutions and capital markets in European union accession countries
Author: Marie-Renée Bakker
Publisher: World Bank Publications
Published: 2004
Total Pages: 52
ISBN-13: 9780821357880
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Author: Marie-Renée Bakker
Publisher: World Bank Publications
Published: 2004
Total Pages: 52
ISBN-13: 9780821357880
DOWNLOAD EBOOKAuthor: Marie-Renée Bakker
Publisher:
Published: 2004
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Marie-Renée Bakker
Publisher: World Bank Publications
Published: 2004
Total Pages: 60
ISBN-13:
DOWNLOAD EBOOKThis study examines the role of non-bank financial institutions and capital markets in the financial sectors of the eight EU accession countries: Poland, Hungary, the Czech Republic, Slovakia, Estonia, Latvia, Lithuania and Slovenia. It assesses the current state of development and prospects for future growth, and the likely impact of EU accession on these segments of the financial system. It also sets out a series of policy recommendations to help promote the future development of non-bank forms of financial intermediation.
Author: Ramin Shojai
Publisher: World Bank Publications
Published: 2005
Total Pages: 112
ISBN-13: 9780821360156
DOWNLOAD EBOOKAuthor: Eric Bussière
Publisher:
Published: 2008
Total Pages: 384
ISBN-13: 9782879780726
DOWNLOAD EBOOKAuthor: Marie-Renée Bakker
Publisher:
Published: 2004
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: The World Bank
Publisher: World Bank Publications
Published: 2011-09-21
Total Pages: 370
ISBN-13: 0821388568
DOWNLOAD EBOOKThe countries of the Middle East and North Africa (MENA) have been recovering from the global financial crisis, but the recent political turmoil has interrupted the pace of credit and output recovery in many countries. The political turmoil in the MENA region reveals deep-seated frustrations and a sense of political, social, and economic exclusion, especially among the youth. The relatively weak growth performance reflects a combination of insufficient reforms and weak reform implementation, including financial sector reforms. The structural weaknesses of financial sectors imply that access to finance may remain restricted even with a full recovery of credit activity. Therefore, the region s countries face an ambitious reform agenda to revert two decades of relatively poor performance of output and employment growth. Financial development should be a central component of the region s growth agenda. This study reviews the region s financial systems, the severity of the limitations on access to finance, and the main factors behind such limitations. It goes on to provide a road map for expanding access and preserving financial stability.
Author: Augusto de la Torre
Publisher: World Bank Publications
Published: 2006-10-20
Total Pages: 232
ISBN-13: 0821365444
DOWNLOAD EBOOKBack in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.
Author: Asian Development Bank
Publisher: Asian Development Bank
Published: 2021-12-01
Total Pages: 262
ISBN-13: 9292691163
DOWNLOAD EBOOKHigh and persistent levels of nonperforming loans (NPLs) have featured prominently in recent financial crises. This book traces NPL trends during and after crises, examines the economic impact of high NPLs, and compares the effectiveness of NPL resolution strategies across economies in Asia and Europe. The book distills important lessons from the experiences of economies using case studies and empirical investigation of ways to resolve NPLs. These findings can be invaluable in charting a course through the financial and economic fallout of the coronavirus disease (COVID-19) pandemic to recovery and sustained financial stability in Asia, Europe, and beyond.
Author:
Publisher: World Bank Publications
Published: 2006
Total Pages: 140
ISBN-13: 0821366793
DOWNLOAD EBOOKThe prospect of European integration presents huge opportunities and challenges for the development of non-bank financial institutions (NBFIs) in Ukraine. By most measures, the development of the NBFI sector in Ukraine lags far behind that of recent accession countries in Central Europe. To address the main impediments facing the development of the sector, the Ukrainian authorities need to implement a strategy based on six main pillars: 1) strengthen the capacity, independence, funding, and accountability of the NBFI regulators; 2) develop money markets, government bond markets, and municipal bond markets; 3) restructure equity markets; 4) accelerate the introduction of funded pension schemes, and improve transparency and consumer protection in the insurance industry; 5) radically transform corporate governance; and 6) broaden access of NBFI finance.