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Systemically important banks and capital regulation challenges

14-Dec-2011

Bank regulation might have contributed to or even reinforced adverse systemic shocks that materialised during the financial crisis. Capital regulation based on risk-weighted assets encourages innovation designed to circumvent regulatory requirements and shifts banks’ focus away from their core economic functions.

Israel 2011

12-Dec-2011

Israel’s economy passed through the 2008 09 global downturn in relatively good shape but is now suffering alongside others. Persistent weaknesses in per capita income growth and a high rate of poverty, especially among certain communities, remain key long term challenges.

Israel: Financial Markets and Monetary and Financial Conditions

12-Dec-2011

Israel’s financial sector, which, though it has avoided critical breakdown, has nevertheless displayed weaknesses. Corporate bond markets remain the major concern.

Israel: Fiscal Policy

12-Dec-2011

Israel has avoided the challenging fiscal situation facing a number of other OECD economies. Nevertheless, there remain sharp trade offs in fiscal policy objectives between debt reduction, spending control and tax reform, which have been heightened by pressures from the recent wave of popular protests.

Israel: Taxation and Tax Policy

12-Dec-2011

Ensuring revenues remain on track in the longer term remains a core challenge; medium term simulations indicate it is likely that the authorities will have to take active measures to increase total revenues as a share of GDP to square their deficit and spending goals.

Israel: Environment and Sustainable Development

12-Dec-2011

Israel’s greenhouse gas emissions and related air pollutants are largely the result of electricity production and energy use in transportation. Electricity supply is entirely domestic and generated almost entirely by hydrocarbon fuels. As a result, although energy intensity is relatively low, emissions per capita or per unit of GDP are relatively high.




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