05719oam 22014054 450 991077976120332120230803020915.01-4843-5651-91-4843-7496-71-4843-5327-7(CKB)2550000001064542(EBL)1587954(SSID)ssj0001075338(PQKBManifestationID)11583767(PQKBTitleCode)TC0001075338(PQKBWorkID)11244360(PQKB)11198148(MiAaPQ)EBC1587954(Au-PeEL)EBL1587954(CaPaEBR)ebr10739547(CaONFJC)MIL499059(OCoLC)868488267(IMF)1BELEE2013003(IMF)1BELEA2013003(EXLCZ)99255000000106454220020129d2013 uf 0engur|n|---|||||txtccrBelgium : Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking SupervisionWashington, D.C. :International Monetary Fund,2013.1 online resource (178 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4843-5175-4 1-299-67809-2 Includes bibliographical references.Cover; CONTENTS; GLOSSARY; SUMMARY, KEY FINDINGS, AND RECOMMENDATIONS; A. Introduction; B. Information and Methodology Used for Assessment; INSTITUTIONAL AND MACROECONOMIC SETTING AND MARKET STRUCTURE OVERVIEW; A. Preconditions for Effective Banking Supervision; B. Main Findings; TABLES; 1. Summary Compliance with the Basel Core Principles-Detailed Assessments; 2. Recommended Action Plan to Improve Compliance with the Basel Core Principles; C. Authorities' Response to the Assessment; DETAILED ASSESSMENT; 3. Detailed Assessment of Compliance with the Basel Core PrinciplesThe Belgian financial system is relatively large, concentrated, and interconnected and has a high level of compliance with the Basel Core Principles (BCPs) for effective banking supervision. The National Bank of Belgium (NBB) deploys high-quality supervisory practices and has clear lines of accountability, transparency, and separate funding when acting in its supervisory capacity. The Belgian authorities have established a Resolution Fund (RF) vesting it with powers to take preventative measures and to facilitate resolution procedures.IMF Staff Country Reports; Country Report ;No. 2013/133Banks and bankingBelgiumBanks and BankingimfMoney and Monetary PolicyimfPublic FinanceimfBankingimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: Government Policy and RegulationimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfPublic AdministrationimfPublic Sector Accounting and AuditsimfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfBanking lawimfMonetary economicsimfManagement accounting & bookkeepingimfFinancial services law & regulationimfBank legislationimfCreditimfExternal auditimfMarket riskimfFinancial regulation and supervisionimfMoneyimfCredit riskimfPublic financial management (PFM)imfBanks and bankingimfFinancial services industryimfLaw and legislationimfAuditingimfFinancial risk managementimfBelgiumEconomic policyBelgiumimfBanks and bankingBanks and BankingMoney and Monetary PolicyPublic FinanceBankingBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: Government Policy and RegulationMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralPublic AdministrationPublic Sector Accounting and AuditsFinancing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillBanking lawMonetary economicsManagement accounting & bookkeepingFinancial services law & regulationBank legislationCreditExternal auditMarket riskFinancial regulation and supervisionMoneyCredit riskPublic financial management (PFM)Banks and bankingFinancial services industryLaw and legislationAuditingFinancial risk managementInternational Monetary Fund.DcWaIMFBOOK9910779761203321Belgium1770056UNINA04752oam 22010814 450 991078869240332120230828235713.01-4623-6190-01-4527-1583-11-283-51769-897866138301421-4519-9202-5(CKB)3360000000443939(EBL)3014539(SSID)ssj0000942124(PQKBManifestationID)11582406(PQKBTitleCode)TC0000942124(PQKBWorkID)10971517(PQKB)10551543(OCoLC)694141244(MiAaPQ)EBC3014539(IMF)WPIEE2006197(EXLCZ)99336000000044393920020129d2006 uf 0engur|n|---|||||txtccrMeasures of Underlying Inflation in the Euro Area : Assessment and Role for Informing Monetary Policy /Emil StavrevWashington, D.C. :International Monetary Fund,2006.1 online resource (37 p.)IMF Working Papers"August 2006."1-4518-6457-4 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. TAXONOMY OF UNDERLYING INFLATION INDICATORS""; ""III. FEATURES OF THE INDICATORS""; ""IV. FORECASTING METHODOLOGY AND ASSESSMENT OF FORECASTING PERFORMANCE""; ""V. CONCLUDING REMARKS""; ""References""The paper evaluates the 24-month ahead inflation forecasting performance of various indicators of underlying inflation and structural models. The inflation forecast errors resulting from model misspecification are larger than the errors resulting from forecasting of exogenous variables. Also, measures derived using the generalized dynamic factor model (GDFM) overperform other measures over the monetary policy horizon and are leading indicators of headline inflation. Trimmed means, although weaker than GDFM indicators, have good forecasting performance, while indicators by permanent exclusion underperform but provide useful information about short-term dynamics. The forecasting performance of theoretically-founded models that relate monetary aggregates, the output gap, and inflation improves with the time horizon but generally falls short of that of the GDFM. A composite measure of underlying inflation, derived by averaging the statistical indicators and the model-based estimates, improves forecast accuracy by eliminating bias and offers valuable insight about the distribution of risks.IMF Working Papers; Working Paper ;No. 2006/197Inflation (Finance)EuropeMonetary policyEuropeForeign ExchangeimfInflationimfMacroeconomicsimfMoney and Monetary PolicyimfForecastingimfModel Construction and EstimationimfModel Evaluation and SelectionimfForecasting and Other Model ApplicationsimfPrice LevelimfDeflationimfEnergy: Demand and SupplyimfPricesimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfEconomic ForecastingimfCurrencyimfForeign exchangeimfMonetary economicsimfEconomic forecastingimfOil pricesimfExchange ratesimfMonetary aggregatesimfMoney supplyimfInflation (Finance)Monetary policyForeign ExchangeInflationMacroeconomicsMoney and Monetary PolicyForecastingModel Construction and EstimationModel Evaluation and SelectionForecasting and Other Model ApplicationsPrice LevelDeflationEnergy: Demand and SupplyPricesMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralEconomic ForecastingCurrencyForeign exchangeMonetary economicsEconomic forecastingOil pricesExchange ratesMonetary aggregatesMoney supplyStavrev Emil1465934DcWaIMFBOOK9910788692403321Measures of Underlying Inflation in the Euro Area3823253UNINA