Stress testing of banks and policy implications
Recent stress tests, while admittedly not perfect, have proven useful to bring a degree of clarity over banks’ portfolio quality. When backed by credible financing plans, the tests have helped confidence in battered banking sectors. In Europe two major regional …
A look at non-performing loans: the boomerang effect
Authors: Ralph De Haas and Stephan Knobloch , 16 July 2009.
When the global financial crisis hit the transition region, worries among policy makers centred on the local banking systems and the potential for financial contagion from west to east. And when …
Riding Russian rail: the 12.56 to Sergiev Posad
Students of Russian and Soviet history quickly learn the pivotal role that the railroads have played in the country’s economic development. In czarist times, it was the construction of the mammoth Trans-Siberian Railroad which opened up the Russian Far East, …
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