Feb 2016
Author(s): Pereira da Silva, Luiz A.; Agénor, Pierre-Richard
This paper discusses, from an analytical and operational perspective, the use of reserve requirements and loan loss provisions as countercyclical macroprudential instruments. In recent years both of…
Oct 2013
Author(s): Ruprah, Inder J.
In this policy brief, we review the problem of a lack of competitiveness and the policy options to improve competitiveness and hence promote economic growth. Inadequate competitiveness can be…
Jan 2013
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana; del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…
Oct 2012
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo
Europe faces challenges reminiscent of Latin American financial crises. The failure of recent liquidity support to normalize the situation in Europe suggests the need to refocus the policy debate on…
Jun 2012
Author(s): Hurtado López, Carlos
This policy brief reviews the experience of the countries under the Euro currency, focusing on those that have been under significant pressure in recent years- Greece, Ireland, Portugal and Spain,…