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Deposit insurance and banking reform in Russia: November 23, 2007 13:14
The objective of this paper is not to review the pros and cons of deposit insurance systems, but to focus, rather narrowly, on the recent adoption of a deposit insurance system (DIS) in Russia, the rationale offered, and the potential impact it might have on the stability and development of the Russian banking system.

Banking Sector No comments yet
Tags: Russia, banking, deposit, insurance
Remittances : transaction costs, determinants, and informal flows: November 23, 2007 14:49
The authors find that the stock of migrants in OECD countries is the primary determinant of remittances. In addition, money transfer fees and the presence of dual exchange rates reduce the share of remittances reported in national accounts. In turn, transaction costs are systematically related to concentration in the banking sector, lack of financial depth, and exchange rate volatility.

Migration No comments yet
Tags: migration, remittances, banking
Credit Risk in the Czech Economy: January 18, 2008 17:28
This paper deals with credit risk in the Czech aggregate economy. It follows structural Merton's approach. A latent factor model is employed within this framework. Estimation of this model can help to understand relation between credit risk and macroeconomic indicators.

Monetary and Credit Policy No comments yet
Tags: credit, risk, Czech, banking