Interest rate risk in the banking book (IRRBB) is currently part of the Basel capital framework’s Pillar 2 (Supervisory Review Process). Most jurisdictions follow this approach, which is based on the Committee’s guidance set out in the 2004 Principles for the management and supervision of interest rate risk (henceforth the IRR Principles).1 The IRR Principles lay out the Committee’s expec…
The Little Data Book on Financial Inclusion 2015 is a pocket edition of the Global Financial Inclusion (Global Findex) database published in 2015. This data set represents a second round of data collection, following the initial round three years earlier. The database provides nationally representative, demand-side data on access to and use of accounts, credit, payments, and savings by adults a…
The ndings of this study are primarily based on the 2010 FMIS Database, which includes 55 closed and 32 active Treasury/FMIS (T/F) projects implemented between 1984 and 2010 (7 pipeline projects are also analyzed in some sections).3 The data were gathered primarily from internal World Bank documents and sources: individual project Implementation Completion Reports (ICRs), Project Appraisa…
Arecent and expanding literature establishes the importance of financial development for economic growth.1 Measures of the size of the banking sector and the size and liquidity of the stock market are highly correlated with subsequent GDP per capita growth. Moreover, emerging evidence suggests that both the level of banking sector development and stock market development exert a causal impact o…
Since the late 1990s access to information and communication technologies (ICTs) has seen tremendous growth—driven primarily by the wireless technologies and liberalization of telecommunications markets. Mobile communications have evolved from simple voice and text services to diversified innovative applications and mobile broadband Internet. By the end of 2011, the number of mobile-cellular …
WITH the WTO fourth ministerial conference just round the corner, preparations in view of launching the next round of trade negotiations are in full swing. While memories of Seattle linger on, it is the agenda of a possible next round of negotiations which continues to focus the attention of trade delegates. The publication of the proceedings of the recent seminar on international trade sp…