Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Insurance

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Competition x
Clear All Modify Search
Cover Integrating Europe's Financial Markets
Integrating Europe's Financial Markets
Mr. Jörg Decressin
,
Mr. Wim Fonteyne
, and
Mr. Hamid Faruqee

Abstract

By and large, EU financial integration has been a success story. Still, the reform agenda is far from finished. What are the remaining challenges? What are the gains of closer financial market integration? This IMF book tracks the European Union's journey along the path to a single financial market and identifies the challenges and priorities that remain ahead. It pays particular attention to the most recent integration efforts in the European Union following the introduction of the euro. The study looks at the importance of financial integration, in particular for economic growth, the interplay between banks and markets, and equity market integration. It closely examines the relationship between financial integration and financial stability. This interaction presents the European Union with a challenge, but also with the opportunity to play a pioneering role in developing a regional approach to financial stability that could provide lessons for the rest of the world.

Keywords:
BOOK; market; EU country; bank; EU bank; market infrastructure; EU financial system; risk profile; bank business; bank distance to default; Herfindahl index; Stock markets; Financial sector stability; Financial integration; Competition; Europe; Central and Eastern Europe; Global; Asia and Pacific; Caribbean
Cover IMF Staff Country Reports
People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
International Monetary Fund
This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center.
Keywords:
ISCR; CR; revenue; revenue volatility; Hong Kong SAR; market; price competitiveness; Mainland bank; SAR resident; business cost; renminbi deposit; Competition; Insurance; Fiscal risks; Financial integration; Global; Asia and Pacific
Cover IMF Working Papers
What is Different About Family Businesses?
Mr. Ralph Chami
Family businesses make up forty percent of the Fortune 500 companies in the US, generate about two-thirds of the German GDP, employ about one-half of the labor force in Britain, and account for the majority of the private economies in developing countries. This paper develops a theory of family business that brings market forces and the family, as a nonmarket institution, under one rubric. The paper highlights and analyzes important factors, including product market competition, trust, and succession, which allow family businesses to thrive and to successfully compete with other businesses.
Keywords:
WP; altruism; asymmetric information; family business; trust; nonmarket transactions; moral hazard; corporate governance; family firm; wage contract; wage insurance; agency problems arise; firm profits; Wages; Insurance; Competition; Income; Europe; Asia and Pacific; Global
Cover IMF Working Papers
Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition
Mr. Tito Cordella
and
Mr. Eduardo Levy Yeyati
This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. It finds that lower entry costs foster competition in deposit rate sand reduce banks’ incentives to limit risk exposure. Although higher insurance coverage amplifies this effect, two alternative arrangements (risk-based contributions to the insurance fund and public disclosure of financial information) help to reduce it. Moreover, uninsured but fully informed depositors and risk-based full deposit insurance yield the same equilibrium risk level, which is independent of entry costs. The welfare implications of the different arrangements are also explored.
Keywords:
WP; Banks; Bank Competition; Deposit Insurance; Financial Opening; Information Disclosure; Monopolistic Competition; Risk; deposit rate; insurance agency; risk position; bank margin; asset quality; Deposit rates; Competition; Insurance; Bank deposits; Southeast Asia