Borrowing Agreement with Banca d'Italia
Title | Borrowing Agreement with Banca d'Italia PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Total Pages | 8 |
Release | 2011-10-03 |
Genre | Business & Economics |
ISBN | 1498339190 |
In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the "Fund"), and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, Banca d’Italia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 8.11 billion, on the terms and conditions set out below...
Borrowing Agreement with Banca D'Italia
Title | Borrowing Agreement with Banca D'Italia PDF eBook |
Author | Internationaler Währungsfonds |
Publisher | |
Total Pages | 0 |
Release | 2011 |
Genre | |
ISBN |
In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the "Fund"), and with a view to supporting the Fund's ability to provide timely and effective balance of payments assistance to its members, Banca d'Italia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 8.11 billion, on the terms and conditions set out below.
Loan to Cassa Per Il Mezzogiorno
Title | Loan to Cassa Per Il Mezzogiorno PDF eBook |
Author | World Bank |
Publisher | |
Total Pages | 28 |
Release | 1951 |
Genre | Economic assistance |
ISBN |
Cleaning-up Bank Balance Sheets
Title | Cleaning-up Bank Balance Sheets PDF eBook |
Author | José Garrido |
Publisher | International Monetary Fund |
Total Pages | 33 |
Release | 2016-09-08 |
Genre | Business & Economics |
ISBN | 1475535163 |
To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets, and facilitating bank consolidation. This paper examines the Italian banking system’s NPL problem, which ties up capital, weighing on bank profitability and authorities’ economic reforms. It argues for a comprehensive approach, encompassing economic, supervisory, and legal measures. The authorities’ reforms are important steps toward this end. The paper describes measures that could further support their actions.
International Monetary Fund Annual Report 2012
Title | International Monetary Fund Annual Report 2012 PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Total Pages | 76 |
Release | 2012-10-04 |
Genre | Business & Economics |
ISBN | 1475511310 |
The IMF's 2012 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2012, which covers the period from May 1, 2011, through April 30, 2012. The print version of the Report is available in eight languages (Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish), along with a CD-ROM (available in English only) that includes the Report text and ancillary materials, including the Fund's Financial Statements for FY2012.
A Strategy for Developing a Market for Nonperforming Loans in Italy
Title | A Strategy for Developing a Market for Nonperforming Loans in Italy PDF eBook |
Author | Nadège Jassaud |
Publisher | International Monetary Fund |
Total Pages | 31 |
Release | 2015-02-06 |
Genre | Business & Economics |
ISBN | 1484381106 |
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.
Banks, Government Bonds, and Default
Title | Banks, Government Bonds, and Default PDF eBook |
Author | Nicola Gennaioli |
Publisher | International Monetary Fund |
Total Pages | 53 |
Release | 2014-07-08 |
Genre | Business & Economics |
ISBN | 1498391990 |
We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks increase their exposure to public bonds, especially large banks and when expected bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign defaults. This correlation is mostly due to bonds acquired in pre-default years. These findings shed light on alternative theories of the sovereign default-banking crisis nexus.