Narrow Your Choices

Refine By Topic

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

Middle East and Central Asia > Pakistan

You are looking at 1 - 6 of 6 items for :

  • Type: Journal Issue x
  • Financial regulation and supervision x
Clear All Modify Search
Cover Policy Papers
The 2017 Joint Review of the Standards and Codes Initiative
International Monetary Fund
The standards and codes (S&C) initiative was launched in the aftermath of the emerging market crises of the 1990s as part of efforts to strengthen the international financial architecture, with a focus on emerging markets. The initiative has aimed at promoting international standards and codes to improve economic and financial resilience by assisting countries in strengthening their economic institutions and informing World Bank and IMF work. The four previous reviews confirmed a fairly high appreciation of the overall initiative, while also raising questions about the initiative’s link to surveillance and capacity development efforts, weak uptake by market participants, as well as a need to improve traction with policy makers. This review reaffirms the country authorities’ appreciation for S&C work, and its focus and scope are guided by the February 2017 paper.
Keywords:
PP; policy area; policy; standards and code; data policy recommendation; area review; IMF work; country authorities; Anti-money laundering and combating the financing of terrorism (AML/CFT); Financial sector; Fiscal risks; Financial standards; Global
Cover IMF Working Papers
Regulation and Supervision of Islamic Banks
Aledjandro Lopez Mejia, Suliman Aljabrin, Rachid Awad, Mr. Mohamed Norat, and Mr. In W Song
This paper aims at developing a better understanding of Islamic banking (IB) and providing policy recommendations to enhance the supervision of Islamic banks (IBs). It points out and discusses similarities and differences of IBs with conventional banks (CBs) and reviews whether the IBs are more stable than CBs. Given the risks faced by IBs, the paper concludes that they need a legal, corporate and regulatory framework as much as CB does. The paper also argues that it is important to ensure operational independence of the supervisory agency, which has to be supported by adequate resources, a sound legal framework, a well designed governance structure, and robust accountability practices.
Keywords:
WP; Islamic bank; bank; IB balance sheets; governance structure; IB sector; Islamic banks; conventional banks; regulatory framework; banking supervision; transparency risk; IBS intermediation; IBS disclosure; risk sharing; IBS shift; IBS arise; IBS risk sharing; IBS financing; IB framework; regulation of Islamic banks; Islamic banking; Legal support in revenue administration; Basel Core Principles; Credit risk; Global; IB presence
Cover IMF Working Papers
Financial De-Dollarization: Is it for Real?
Mr. Eduardo Levy Yeyati and Mr. Alain Ize
De facto (unofficial) dollarization, defined as the holding by residents of assets and liabilities denominated in a foreign currency, is a policy concern in an increasing number of developing economies. This paper addresses the dollarization debate from this perspective, with the goal of setting the stage for a more detailed and focused discussion of whether de-dollarization should be a policy objective and, if so, how best to pursue this objective. We review existing theories of de facto dollarization and the extent to which they are supported by the available evidence, presents the main strategies for reform, and proposes a list of policy recommendations.
Keywords:
WP; dollarization hysteresis; policy agenda; monetary management; MVP dollarization; dollar intermediation; dollarization cum fear; Dollarization; Monetary policy; Prudential policy; Currencies; Exchange rates; De-dollarization; Credit risk
Cover IMF Staff Country Reports
Pakistan: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation
International Monetary Fund
This paper evaluates Pakistan’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. Major reforms in the financial sector have resulted in a more resilient and efficient financial system that is better placed to absorb significant macroeconomic shocks. Increased liquidity in the system has recently led to a rapid increase in credit to the private sector that could be problematic if sustained. The securities markets have benefited from recent reforms, but may be vulnerable to systemic risks.
Keywords:
ISCR; CR; capital adequacy ratio; banking sector; interest rate; financial system; liquidity risk; exchange rate; bank lending; Commercial banks; Credit; Capital adequacy requirements; Legal support in revenue administration; Nonperforming loans
Cover IMF Working Papers
Bank Reform and Bank Efficiency in Pakistan
International Monetary Fund
Pakistan undertook major financial sector reforms starting in the late 1980s. The effects of these reforms on the profitability and cost and revenue efficiency of the banking sector are evaluated. The revenue performance of all banks, and especially the privatized banks, improved significantly, although costs also rose and relative performance across banks did not converge.
Keywords:
WP; ln; unit price; privatized bank; Banking; efficiency; deregulation; Pakistan; public sector bank; profit function; bank output; bank subscript; State-owned banks; Commercial banks; Public sector; Foreign banks; Financial sector reform
Cover Structural Adjustment and Macroeconomic Policy Issues
Structural Adjustment and Macroeconomic Policy Issues
V. A. Jafarey

Abstract

This volume presents the proceedings of a conference, moderated by V.A. Jafarey, held in Lahore, Pakistan. papers given at the seminar addressed fiscal reform, monetary reform, privatization, and trade liberalization in the context of IMF-supported adjustment programs, with emphasis on the Pakistani experience.

Keywords:
BOOK; enterprise; interest rate; liberalization; import liberalization; monetary policy; adjustment program; monetary management; expenditure reduction; private sector enterprise; Privatization; Financial sector reform; Demand for money; Eastern Europe; Middle East; East Asia; Global; Europe