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

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Book Description
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: 1475554613
Category : Business & Economics
Languages : en
Pages : 61

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

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Book Description
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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Book Description
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: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 66

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Book Description
Ireland has considerably strengthened financial sector regulation and supervision since the 2016 FSAP, aided by the ECB/SSM, and is working with European and international regulators to strengthen oversight of the large market-based finance (MBF) sector. This strengthening is evidenced by a successful navigation through the challenges of Brexit and the pandemic. Despite global headwinds, Ireland is exiting the pandemic with strong economic growth and a highly capitalized and liquid banking system. The financial system has grown rapidly and in complexity, especially after Brexit, and Ireland has become a European base for large financial groups. The MBF sector has grown to the second largest in Europe, with global interlinkages.

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: E. Carina H. Keskitalo
Publisher: Springer Science & Business Media
ISBN: 9048193257
Category : Science
Languages : en
Pages : 393

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Book Description
Mitigation will not be sufficient for us to avoid climate change and we will need to adapt to its consequences. This book targets the development of adaptation policy in European countries with different relations between central and regional/local government.

Author: Sven-Erik Sjöstrand
Publisher: Edward Elgar Publishing
ISBN: 1781951438
Category : Business & Economics
Languages : en
Pages : 608

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Book Description
Rethinking Corporate Governance's extensive and insightful empirical investigation offers a radically new approach to corporate governance. This ground-breaking volume describes and analyzes the key nature-based and actor-based forces that ultimately determine corporate governance processes and long-term corporate paths. Generally, such forces work in complex and intricate interplays that to a large extent vary among corporations. A theory of shareholder governance is developed and integrated into the established - and more comprehensive - theory of corporate governance to create a revised theory of the corporation (firm). The new possibilities that this creates for explaining how processes develop and ultimately influence corporate paths are presented in-depth. Featuring conclusions based on an empirical material that is both rich and exclusive, the book also contains extensive non-anonymized materials from authentic corporate governance processes. A general conclusion is that actions taken by individuals have a special status among those forces, as they not only generate impact in themselves, but also involve interpretations of the possible effects of all the other forces.Among those actions, the ones taken by the shareholders stand out as particularly decisive both for the governance processes as such and for how corporations develop over time. Offering a degree of openness, detail and realism that is hard to find in any other case-based study this innovative and enlightening volume is essential for both academics and practitioners involved in corporate governance, corporate strategy and the theory of the firm.