 | Barbados' 2018–19 Sovereign Debt Restructuring–A Sea Change? Author/Editor: Myrvin Anthony, Gregorio Impavido, Bert van Selm. Release Date:February, 2020 This paper examines the causes, processes, and outcomes of Barbados’ 2018–19 sovereign debt restructuring—its first ever. The restructuring was comprehensive, featuring several rarely used more...
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 | Short Term Inflation Determinants in Barbados Author/Editor: Gregorio Impavido. Release Date:June, 2018 Inflation in Barbados is mainly imported. But how are external shocks transmitted to the domestic economy? Shouldn’t there be also a domestic component, albeit very small, given the presence of more...
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 | Does Supply or Demand Drive the Credit Cycle? Evidence from Central, Eastern, and Southeastern Europe Author/Editor: Greetje Everaert, Natasha X Che, Nan Geng, Bertrand Gruss, Gregorio Impavido, Yinqiu Lu, Christian Saborowski, Jérôme Vandenbussche, Li Zeng. Release Date:January, 2015 Countries in Central, Eastern, and Southeastern Europe (CESEE) experienced a credit boom-bust cycle in the last decade. This paper analyzes the roles of demand and supply factors in explaining this more...
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 | Bank Funding in Central, Eastern and South Eastern Europe Post Lehman: a "New Normal"? Author/Editor: Gregorio Impavido, Heinz Rudolph, Luigi Ruggerone. Release Date:June, 2013 CESEE banks are reducing foreign funding sources in response to reduced external imbalances, reduced ability to tap international savings, banking group own strategies, initiatives by some more...
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 | Stress Tests for Defined Benefit Pension Plans: A Primer Author/Editor: Gregorio Impavido. Release Date:February, 2011 Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of analyzing the resilience of financial systems to adverse events. This paper aims to help demystify stress more...
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 | Governance and Fund Management in the Chinese Pension System Author/Editor: Yu-Wei Hu, Gregorio Impavido, Xiaohong Li. Release Date:November, 2009 The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the more...
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 | How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter Author/Editor: Ian Tower, Gregorio Impavido. Release Date:July, 2009 This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional investors more...
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 | Efficiency and Performance of Bulgarian Private Pensions Author/Editor: Gregorio Impavido. Release Date:December, 2008 This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system. more...
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