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Overview of correspondent banking and "de-risking" issues
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Year: 2019 Publisher: [Washington, D.C.] : Congressional Research Service,

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Role of U.S. correspondent banking in international money laundering : hearings before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs, United States Senate, One Hundred Seventh Congress, first session, March 1, 2, a

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Expanding bank outreach through retail partnerships : correspondent banking in Brazil
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ISBN: 0821367021 082136703X 9780821367025 9786610458844 1280458844 Year: 2006 Publisher: Washington, D.C. : World Bank,

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This paper explores the extent to which formal, regulated financial institutions such as banks have been able to partner with "correspondents"-commercial entities whose primary objective and business is other than the provision of financial services. The paper illustrates the case of Brazil, where banks recently have developed extensive networks of such correspondents. Such arrangements result in lower costs and shared risks for participating financial institutions, making these arrangements an attractive vehicle for outreach to the underserved. Correspondent banking requires an enabling envir


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Supplement to the February 5, 2001 report on correspondent banking : a gateway for money laundering : report
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Year: 2001 Publisher: Washington, D.C. : U.S. G.P.O. : For sale by the U.S. G.P.O., Supt. of Docs., Congressional Sales Office,

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Institutional banking for emerging markets : principles and practice.
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ISBN: 9780470030769 Year: 2007 Publisher: Chichester Wiley

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In today's competitive banking industry, institutional banking is attracting greater interest. Under the globalization umbrella, inter-bank business is undergoing dynamic change and is transcending the boundaries of traditional correspondent banking. In today's climate, no bank, regardless of size, can grow without the cooperation of other banks and no bank can hope to survive and prosper without utilizing emerging markets. Institutional banking in emerging countries has some unique functions: for example, problem solving is heavier and more crucial in emerging markets than in developed countries, given the irregularity of the market and non-transparency of the financial/legal systems. Moreover, it is particularly necessary to forge good relationships, day-to-day contact and personal communication, to provide better chances for product marketing and risk management. Products are therefore tailor-made and adapted as the situation dictates, a successful lesson for one case in one country cannot necessarily be repeated in another. Huang provides a systematic framework for the subject combining both principles and practice. The direct experience of the author, allows him to write authoritatively about the subject with academic vigour as well as a large amount of practical knowledge which only a practitioner can provide. The book contains numerous real life examples and case studies to allow the reader an insight into how Institutional Banking actually works in the real world. The book also contains a supplementary CD which includes chapter summary's and further information. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.


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Exchange Rate Determinants in Russia : 1992-1993
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ISBN: 146232780X 1455214175 128138707X 9786613779885 1455291757 Year: 1994 Publisher: Washington, D.C. : International Monetary Fund,

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This paper examines the evolution of the exchange rate of the ruble vis-à-vis the U.S. dollar from exchange rate unification, in July 1992, to the end of 1993. The expected and actual paths of the exchange rate are related to the exchange and trade regime and to the stance of financial and exchange rate policies. An econometric analysis based on weekly data is offered, which suggests that monetary factors have a significant impact on the short run behavior of the exchange rate.


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Russian Federation : Staff Report for the 2001 Article IV Consultation and Post-Program Monitoring Discussions.
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ISBN: 1462384625 145277594X 128355755X 9786613870001 1452733619 Year: 2002 Publisher: Washington, D.C. : International Monetary Fund,

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This paper assesses the Russian Federation’s 2001 Article IV Consultation and Post-Program Monitoring Discussions. Improved economic performance and reduced external vulnerability were reflected in a strengthening of financial market indicators in 2001. The Russian stock market doubled in U.S. dollar terms, bond spreads narrowed significantly, and rating agencies upgraded Russia’s debt. The near- to medium-term outlook remains favorable. The recent successes in building up strong external and fiscal positions should enable Russia to deal with the current less favorable external environment with the prevailing policy framework.


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Russian Federation : Report on Post-Program Monitoring Discussions.
Authors: ---
ISBN: 1462333168 1452773920 1283561417 9786613873866 1452735638 Year: 2001 Publisher: Washington, D.C. : International Monetary Fund,

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Economic developments in 2000 have dominated by the strength of the balance of payments. Real GDP has grown by 7.5 percent in 2000, but the momentum has slowed during the year. The external current account surplus is estimated at US$45 billion (18 percent of GDP) in 2000, driven by the sharp increase in international energy prices and still compressed imports from the pre-crisis period. The budget has recorded a strong surplus in 2000, even though the fiscal stance has relaxed during the fourth quarter.


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Russian Federation : Staff Report for the 2000 Article IV Consultation.
Authors: ---
ISBN: 1455224766 1452771901 1283561646 9786613874092 1452737657 Year: 2000 Publisher: Washington, D.C. : International Monetary Fund,

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Macroeconomic developments have been very favorable since early 1999, strengthening in important areas lately. Real GDP has more than recovered from the recession that followed the 1998 crisis and the recovery is gaining momentum, with recent data suggesting that real GDP is growing at an annual rate of 6–7 percent. The strong macroeconomic performance reflects mainly the large real ruble depreciation in 1998, but also the increase in oil prices in world markets and a significant strengthening of fiscal and monetary policies.


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Belize : Selected Issues.
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ISBN: 1484320239 1484320204 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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This paper highlights the stock of recent developments in Belize’s financial system. The financial system remains sizable, at 157 percent of GDP in March 2017. The importance of macrofinancial linkages justifies their continuous monitoring, not only for financial stability but also for overall macroeconomic stability. Both domestic and international banks play important roles in mobilizing savings for domestic investment and in facilitating external trade, on which the small open economy of Belize strongly depends. The financial intermediation role of offshore banks has declined in recent years. Offshore banks receive deposits in foreign currency from nonresidents, and lend to foreign investors, and domestic businesses, mostly in the real estate and tourism sectors. The Central Bank of Belize (CBB) is committed to securing financial system soundness. It conducted 5 on-site examinations in 2016, including 3 full-scope examinations for two domestic banks, and one credit union.

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