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  • 1
    UID:
    almafu_9958246450802883
    Format: 1 online resource (38 pages)
    Series Statement: Policy research working papers.
    Content: The world financial crisis that started in the US housing market in 2008 brought into evidence deep failures of prudential oversight, linked for the most part to a failure to comprehend and handle systemic risk in a way that could prevent systemic crises. This paper summarizes the responses to the joint World Bank-ASBA survey o the state of systemic oversight in the Latin American and Caribbean financial sectors and reflects on some of the challenges identified by respondents. We found that there is broad consensus among regional financial authorities on the need to enhance the current systemic oversight framework. Improving consolidated supervision to mitigate risk-shifting in conglomerates, adjusting prudential regulations to account for the accumulation of systemic risks, redefining the role of the supervisor to make it more proactive, and improving coordination among local supervisors as well as with foreign supervisors figure preeminently in the regional reform agenda.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    almafu_9958246581102883
    Format: 1 online resource (44 pages)
    Series Statement: Policy research working papers.
    Content: Mobile banking services offer great potential to expand financial services, particularly payment services, to the poor. They also provide a convenient and cost effective way to access bank accounts. This paper constitutes a first attempt to explain statistically what factors contribute to mobile banking usage, with a particular focus on the regulatory framework. The authors construct an index that measures the existence of laws and regulation that support mobile banking activity for 35 countries. Using variations in regulatory environments across these countries and armed with newly released data on mobile banking usage by approximately 37,000 individuals in these 35 countries, the paper sheds light on the importance of laws and regulation in supporting mobile banking. The analysis finds that a supporting regulatory framework is associated with higher usage of mobile banking for the general population as well as for the unbanked.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    UID:
    almafu_9958246567802883
    Format: 1 online resource (23 pages)
    Series Statement: Policy research working papers.
    Content: This study intends to increase understanding of how different types of mobile money services have developed in different environments. For this purpose, two countries were selected, the Republic of Korea and Uganda. From these study cases, some conclusions emerge. The development of mobile banking services can appear at different stages of financial sector development, but it requires a vibrant and competitive telecommunications sector. The regulatory environment does not need to be very sophisticated for the mobile industry to emerge. However, some elements appear to be important. The legal framework should allow (or at least not explicitly forbid) nonbank financial institutions to issue money and use banking agents or correspondents. To ensure wider use of the service by the population, it is important to educate the population on the benefits of mobile money services.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    UID:
    almafu_9958246470802883
    Format: 1 online resource (37 pages)
    Series Statement: Policy research working papers.
    Content: Past performance of development banks, has generally been considered poor and the value of state ownership questioned. There are few institutions that achieve the optimum balance of effectively addressing a policy objective while being financially sustainable. Following the financial crisis, there is a renewed interest in the role development banks can play in weathering the crisis. The purpose of this paper is to highlight the lessons learned following the financial crisis and to present some of the best practices in development banking so that policy makers can be better informed should they be considering how to build strong state financial institutions to address current and future needs in their respective countries.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    UID:
    almafu_9960943471602883
    Format: 1 online resource
    Content: Generating quality jobs is a major concern of policy makers around the world who want to ensure sustainable growth and social cohesion. This concern has led to greater interest in supporting the social and solidarity economy (SSE). The SSE focuses on supporting productive structures managed by the producers themselves and brings together multiple actors to improve economic and social welfare. These actors include small producers, producers' cooperatives, and nongovernmental organizations, among others. SSE structures can operate in all economic sectors, but they typically operate in labor-intensive sectors. The SSE sector has been very dynamic in recent years, growing faster than the rest of the economy in many countries and providing flexible forms of employment that give workers more power to decide how to organize their jobs. This paper reviews financial solutions, also referred to as products, that were developed by private and public financial institutions to support the SSE. The purpose of this review is to draw lessons and insights for development banks that are also considering developing these products to support the SSE. As development banks increasingly align their activities with the United Nations' Sustainable Development Goals (SDGs), there is greater interest in products that support the SSE.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 6
    UID:
    almafu_9958955373002883
    Format: 1 online resource (48 pages)
    Series Statement: Policy research working papers.
    Content: Despite their importance, data on the structure of bank credit by maturity are scarce. For Latin America and the Caribbean, data are particularly difficult to obtain, as few banks report loan maturity data in commercial data sets such as Bankscope. With support from the Association of Supervisors of Banks of the Americas, this study assembled a novel data set on the structure of bank credit allocation in Latin America and the Caribbean covering 21 countries during 2004-14. This paper uses Bankscope and International Financial Statistics data to extended the coverage to more than 100 countries, creating the largest data set so far on credit by maturity. Benchmarking credit structure in Latin America and the Caribbean, the paper finds that the region is financially underdeveloped, because the ratio of short-term credit to gross domestic product is lower than in peers; long-term credit is at par; and consumer and commercial loans are lower. The paper also explores patterns of credit growth through nonparametric regressions. The results indicate that short-term credit grows faster than long-term credit as income grows in low-income countries, but the situation reverses when countries reach high- or middle-income status. Reflecting this trend, the share of mortgage loans rises with income.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 7
    UID:
    b3kat_BV048272699
    Format: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Content: The development of micro, small, and medium-size enterprises (SME) in Russia is a priority of the Russian government, which emphasizes the need of improving SME access to finance, along with other critical factors for SME growth. The objective of this policy note is to inform the Russian policy-makers about options to enhance their measures for improving SME access to finance, as a part of the overall government objective to increase the contribution of SMEs to the Russian economy. The policy note's audience is a broad group of Russian stakeholders, specifically economic policy makers and financial sector regulators, as well as SME support and development institutions, the financial sector, and the private sector. The policy note aims at informing the Russian stakeholders about: (1) alternative and complementary approaches to subsidized financing of SMEs, including policies to support development of an ecosystem of financial providers and innovative products, and (2) the evolving role of the SME development institutions in creating new markets for SME finance and crowding in private sector finance. The policy note has six chapters. Chapter one is the introduction. Chapter two provides an overview on SME access to finance in Russia. Chapter three discusses the development of the non-bank SME financing ecosystem in Russia by focusing on the regulatory approaches to non-bank financial institutions and products, drawing upon relevant international experience. Chapter four reviews international approaches to key challenges and policy responses for developing non-bank finance instruments for SMEs. Chapter five looks at the role of the SME development institutions in Russia and puts their activities in the context of international best practices. Chapter six concludes with recommendations on further enhancing SME access to finance
    Language: English
    URL: Volltext  (kostenfrei)
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  • 8
    UID:
    almafu_9958246578902883
    Format: 1 online resource (34 pages)
    Series Statement: Policy research working papers.
    Content: This paper analyzes the lending behavior of foreign-owned banks during the recent global crisis. Using bank-level panel data for countries in Central and Eastern Europe, East Asia, and Latin America, the paper explores the role of affiliate and parent financial characteristics, host location, as well as the impact of parent geographic origin and reach on foreign banks' credit growth. Overall, the analysis finds robust evidence that foreign banks curtailed the growth of credit relative to other banks, independent of the host region. Banks from the United States reduced loan growth less than other parent banks. Neither the global nor regional reach of parent banks influenced the lending growth of foreign affiliates. However, the funding structure of foreign bank affiliates and the capitalization of parent banks do help explain the lending behavior of foreign banks during the global crisis. Although not the focus of the paper, it also finds that government-owned banks played a countercyclical role in all regions.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    b3kat_BV049079813
    Format: 1 Online-Ressource
    Series Statement: Other papers
    Content: This paper offers guidance to policy makers and resolution authorities regarding the application of Key Attributes (KA) to State Owned Banks. It deals with banks that have passed the point of non-viability (PONV) but also discusses early-stage requirements and procedures prescribed by the KAs that aim to improve resolution if it should become necessary. The KAs were developed to apply to "any financial institution that could be systemically significant or critical," which includes SOBs. The key potential issues that could affect the implementation of the KAs for the resolution of SOBs are identified and, where possible, alternatives to address them, or to mitigate their impact, are provided. Among them, the removal of barriers that prevent the resolution authority (RA) from placing a failing SOB under resolution features preeminently. Authorities should also address issues related to resolution funding, which tend to take a prominent role in the case of SOBs, given the fiscal implications. The paper is also useful for bank resolution practitioners challenged with the implementation of resolution regimes for SOBs. The paper does not intend to be conclusive but rather to frame the discussion on the application of the KAs to SOBs, with the objective of feeding the necessary discussions of these issues by the international community
    Language: English
    URL: Volltext  (kostenfrei)
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  • 10
    UID:
    b3kat_BV049081088
    Format: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Content: In recent years, there has been renewed interest in providing countercyclical lending and sustainable development financing through national development financial institutions (NDFIs). While NDFIs are often a feasible solution for addressing development needs and closing financing gaps, they are not always the best solution, and their setup and structure need to be tailored to the country's needs. It is important that prior to setting up a new NDFI or increasing the scope of operations of the existing ones, governments consider all available public policy interventions as well as options for private capital involvement to address unmet financing needs of the private sector. NDFIs will likely see strong demand for their interventions in a post- Coronavirus disease 2019 (COVID-19) recovery phase. This calls for enhanced NDFI efficiency and effectiveness. To maximize the net benefits of NDFIs and ensure their financial sustainability, NDFIs should be effectively managed and properly supervised. NDFIs have been important actors in the implementation of countercyclical finance in response to the COVID-19 pandemic and have helped mitigate a credit crunch. During the COVID-19 pandemic, governments have taken on large balance-sheet risks to support credit growth, in many cases using NDFIs as administrators of public anti-crisis programs
    Language: English
    URL: Volltext  (kostenfrei)
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