16-February-2011
English, , 266kb
New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.
7-February-2011
English, , 493kb
This article looks at the types of risks that may be associated with complex financial groups and analyses the available policy options for satisfying the core policy objectives of safety and soundness, systemic stability, and conduct of business.
7-February-2011
English, , 297kb
Ten years ago, corporate governance was a nascent concept in the Middle East and North Africa (MENA). This article charts the evolution of corporate governance across the MENA region over this time and proposes potential avenues for future work in this area.
3-February-2011
English, , 347kb
Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and