Sweden's Corporate Vulnerabilities: a Focus on Commercial Real Estate PDF Download

Author: Svetlana Vtyurina
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 13

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Book Description
Commercial Real Estate (CRE) debt constitute a large portion of corporate debt. Due to the funding structure this creates substantial risks for the financial system and the real economy, in general, due to broader spillover effects. Stress tests, conducted to assess the resilience of CRE sector, show that the median interest rate coverage would drop below one in a severe scenario, resulting in a 3⁄4 of firms with debt-at-risk. CRE sector's concentration, interconnectedness and insufficient disclosure of liabilities calls for close monitoring of liabilities structure and adjusting banks' capital levels to better reflect current risks.

Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category :
Languages : en
Pages : 11

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Selected Issues

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475554613
Category : Business & Economics
Languages : en
Pages : 61

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This paper discusses the findings of the Financial System Stability Assessment for Sweden. The Swedish financial system is large and highly interconnected, putting a premium on the accompanying policy framework. Relative to the size of the domestic economy, the financial system is among Europe’s largest. It features complex domestic and international linkages, reflecting Sweden’s role as a regional financial hub. However, the macrofinancial risks have grown since 2011, for example the rising share of highly indebted households. Stress tests also suggest that banks and nonbanks are largely resilient to solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses.

Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
ISBN: 1498305296
Category : Business & Economics
Languages : en
Pages : 69

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This Article IV Consultation highlights that Sweden’s growth is expected to slow in 2019, with material downside risks from the global economy and domestic demand. A data-dependent approach to monetary policy is appropriate. Although underlying inflation is expected to rise gradually, uncertainties around this outlook have widened. Automatic fiscal stabilizers should operate fully, and the surplus should decline to the new medium-term target by 2020. The fiscal surplus is estimated to have declined to just under 1 percent of GDP in 2018. The report also discussed that labor market reforms should enhance employment of migrants and the low skilled. The social partners should update wage formation to reflect structural changes in the Swedish economy. Reforms to improve housing affordability are needed even as macroprudential measures help contain household debt vulnerabilities. The tightening of amortization requirements is well-targeted, and its effectiveness should be monitored. Plans to eliminate rent controls on new construction should be complemented by phasing out controls on existing apartments.

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 124

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Chapter 1 documents that near-term global financial stability risks have receded amid expectations that global disinflation is entering its last mile. However, along it, there are several salient risks and a build-up of medium-term vulnerabilities. Chapter 2 assesses vulnerabilities and potential risks to financial stability in corporate private credit, a rapidly growing asset class—traditionally focused on providing loans to midsize firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit markets in size. Chapter 3 shows that while cyber incidents have thus far not been systemic, the probability of severe cyber incidents has increased, posing an acute threat to macrofinancial stability.

Author:
Publisher: Elsevier
ISBN: 0123847044
Category : Science
Languages : en
Pages : 1086

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Climate change has been the subject of thousands of books and magazines, scientific journals, and newspaper articles daily. It’s a subject that can be very political and emotional, often blurring the lines between fact and fiction. The vast majority of research, studies, projections and recommendations tend to focus on the human influence on climate change and global warming as the result of CO2 emissions, often to the exclusion of other threats that include population growth and the stress placed on energy sources due to emerging global affluence. Climate Vulnerability, Five Volume Set seeks to strip away the politics and emotion that surround climate change and will assess the broad range of threats using the bottom up approach—including CO2 emissions, population growth, emerging affluence, and many others—to our five most critical resources: water, food, ecosystems, energy, and human health. Inclusively determining what these threats are while seeking preventive measures and adaptations is at the heart of this unique reference work. Takes a Bottom-Up approach, addressing climate change and the threat to our key resources at the local level first and globally second, providing a more accurate and inclusive approach. Includes extensive cross-referencing, which is key to readers as new connections between factors can be discovered. Cuts across a number of disciplines and will appeal to Biological Science, Earth & Environmental Science, Ecology, and Social Science, comprehensively addressing climate change and other threats to our key resources from multiple perspectives

Author: Holmström, Charlotta
Publisher: Nordic Council of Ministers
ISBN: 9289362871
Category : Social Science
Languages : en
Pages : 206

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Book Description
What do we know about the extent of young people’s experiences of sex for compensation in the Nordic countries? Are such experiences addressed by social initiatives and how do legal measures affect them? This report is based on country studies focusing on knowledge about sex for compensation among young people in the Nordic countries. The five country studies show how research on the extent of, and the motivations and conditions for, young people selling sex in the Nordic countries is rather scarce and that there are few social initiatives that target young people specifically. The interviews with service providers and the literature reviewed point to individual vulnerabilities related to young people’s experiences of compensational sex. In order to develop preventive measures more knowledge on structural factors related to experiences of compensational sex is needed.

Author: Randall K. Morck
Publisher: University of Chicago Press
ISBN: 0226536831
Category : Business & Economics
Languages : en
Pages : 700

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Book Description
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Author: Jack Self
Publisher:
ISBN: 9781907414374
Category : Architecture
Languages : en
Pages : 156

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