Morocco: Financial Sector Assessment Program: Technical Note-Crisis Management, Bank Resolution, and Financial Sector Safety Net

International Monetary Fund

No 2016/332, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key issues related to the economy of Poland. Thanks to its sound policies, close links to the German supply chain, and substantial EU transfers, Poland is the only country in the European Union that avoided an outright recession during the global financial crisis. However, this strong performance has masked enduring regional disparities, which are undermining the quality of growth. Poland faces significant long-term challenges as an aging population weighs on potential growth and public finances. The new government, which took office in November, has approved a Responsible Development Plan, focused on spurring growth through innovation and reducing social and regional disparities.

Keywords: ISCR; CR; resolution mechanism; financial situation; BAM's governor; banking resolution; bank contribution; BAM Law; assistance function; bank support; cross-border bank resolution mechanism; liquidated bank; central bank act; state guarantee; bank supervisor; designated resolution authority; Bank resolution framework; Bank resolution; Bank legislation; Bank liquidation; Distressed institutions; Africa (search for similar items in EconPapers)
Pages: 33
Date: 2016-11-07
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