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Author:
Publisher: World Bank Publications
ISBN: 0821366793
Category : Business & Economics
Languages : en
Pages : 140
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Book Description
The 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.
Author:
Publisher: World Bank Publications
ISBN: 0821366793
Category : Business & Economics
Languages : en
Pages : 140
Get Book Here
Book Description
The 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.
Author: Yuliia Shapoval
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The book is devoted to the debate on the nature and direction of the relationship between financial depth and economic growth. Addressing the theoretical underpinnings of financial depth, namely the concept, measurement approaches, benefits and drawbacks, and determinants (focusing on the institutional environment) provides insights on prior studies on its relationship with economic growth before and after the GFC. This demonstrates the changes in the nature of the financial depth and economic growth nexus in the context of: the direct-proportional relationship between them, to a weakening and, in some cases, to the opposite influence.Drawing from the trends of economic development and of financial depth worldwide, distinctions across groups of countries by income and Ukraine are identified. The quantitative analysis of Ukraine's financial depth across assets, liabilities, volumes of services of non-bank and capital market, state debt and lending (of state banks, state investment projects, local loans, and cooperation with IOFs) demonstrates sectoral unbalanced financial deepening of the economy. It is grounded that financial depth, debt burden and economic growth move synchronously or in different directions based on business cycle phases. The estimation of bank loans' impact on economic growth, provided by evaluating the financial performance of Ukrainian industrial firms during 2006-2020, shows bank loans substitution by commercial (inter-firm) credit; preference for short-term loans denominated in the national currency; sufficient profitability to service loans only of mining industry firms; quasi-risky financing model.Further, the book proposes an empirical study of Ukraine's financial depth-economic growth nexus, revealing that the financial depth just accompanies economic growth but not causes it. During 2008-2020, the impact of bank and non-bank loans was negative, while the impact of trading volume on the securities market was positive, indicating the inability of further credit expansion to contribute to economic growth. Though economic growth has a directly proportionated correlation with external trade and debt, the correlation between mentioned factors and financial depth is inversely proportionate. Meanwhile, the relationship between financial openness and financial deepening in Ukraine is confirmed. The study concludes with an analysis of the impact of war on the financial depth-economic growth nexus in Ukraine.This book is a must-read for researchers, scholars, and policy-makers interested in a better understanding of the economic growth and financial development of Ukraine alike.
Author: Valeria Gontareva
Publisher: AuthorHouse
ISBN: 1728353823
Category : Business & Economics
Languages : en
Pages : 333
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Book Description
“This is an extraordinary book from an extraordinary person. This book is an insightful, candid and passionate account of her approach and policy experience. She has called it a ‘Practical Manual’ for reforms – it is that but also much more: a historical record of reforms against all odds.” – Erik Berglof, Director of LSE Institute of Global Affairs “Many emerging economies often lack practical experience in transforming themselves into fully-functioning market-oriented economies and this Practical Manual will help you with this task. Moreover, the book is precisely about how to accomplish drastic reforms in wartime – and I truly believe that the wartime of COVID-19 is an unprecedented opportunity for reform.” – Valeria Gontareva, Former Governor of the National Bank of Ukraine In addition, Valeria received a nomination for her work as the Governor of the National Bank of Ukraine in the Financial Times’s Women of the Year 2019 list.
Author: Perry Mehrling
Publisher: Princeton University Press
ISBN: 1400836263
Category : Business & Economics
Languages : en
Pages : 189
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Book Description
How the U.S. Federal Reserve began actively intervening in markets Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis—but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system. Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets—most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.
Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
ISBN: 1464812683
Category : Business & Economics
Languages : en
Pages : 228
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Book Description
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs
Publisher:
ISBN:
Category : Economic assistance, American
Languages : en
Pages : 1168
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Book Description
Author: Károly Attila Soós
Publisher: Central European University Press
ISBN: 9639776912
Category : Political Science
Languages : en
Pages : 202
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Book Description
Discusses the policies, practices and outcomes of privatization in six transition economies: the Czech Republic, Hungary, Poland, Russia, Slovenia and Ukraine, paying particular attention to cross-country differences and to interrelations between the processes of privatisation and the political transition from communism to a new system.The analysis is restricted to the privatisation in those fields where its methods have been strongly different from privatisations in advanced market economies and where differences of privatisation principles and techniques among our six countries were also rather various. This is basically the privatisation of middle-sized and large enterprises, not including banks, non-bank financial companies, natural monopolies and agricultural entities.
Author: OECD
Publisher: OECD Publishing
ISBN: 926424624X
Category :
Languages : en
Pages : 362
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Book Description
The SME Policy Index is a benchmarking tool designed for emerging economies to assess SME policy frameworks and monitor progress in policy implementation over time.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264257365
Category :
Languages : en
Pages : 224
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Book Description
This review, which was prepared in close co-operation with the Ukrainian authorities, analyses Ukraine’s general framework for investment, as well as recent reforms, and shows where further efforts are necessary.
Author:
Publisher: World Economic Forum
ISBN: 9295044053
Category :
Languages : en
Pages : 272
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Book Description
