RaboResearch - Economic Research

Economic Report

Liquidity requirements from Basel make life tougher for banks

In December 2009, the Basel Committee on Banking Supervision made proposals to harmonise the oversight of banks’ liquidity. Are these new requirements even more stringent for the banking sector than the proposals for tighter capital requirements?

Economic Report

India looking East

India has never been a big player in international trade. Nevertheless, over the past twenty years, the country has developed its trade relations. India started in 1991 with its ‘Look East’ policy, trying to gain better access to regional markets in Asia.

Economic Report Dutch version

Impact of new capital proposals from Basel

In this Special Report we focus on these new proposals (‘Basel III’) and on the history that preceded them (Basel I & Basel II). What do these new requirements mean for the financial sector, and what do they mean for the Rabobank? Will the new capital requirements be able to prevent another crisis?

Economic Report

The return of IFI lending

The global financial crisis has brought the IMF, the World Bank and other International Financial Institutions (IFI’s) back to the spotlights. With large emergency loan packages, they have helped countries to deal with the severe economic shocks.

Economic Report

Chili: nature strikes

One of the strongest earthquakes to ever hit Chile occurred on 27 February 2010. The country’s infrastructure sustained massive damage and the death toll is currently estimated around 600. As a result of the earthquake, economic activity will be subdued in the short term.

Economic Report

Chili: a step to the right

Since the return to democracy in 1990, the center-left oriented coalition, the Concertación, had won every presidential election. In fact, Piñera is the first right-wing candidate to win a democratic presidential election since Jorge Allisandri Rodríguez won the presidency in 1958.

Economic Report

China: 6.5% is 3.5%, really!

The Chinese government publish consistently higher growth figures during economic downturns in the hope of maintaining social stability. Hence, we expect a growth figure close to 6.5% yoy for 2009, while the true figure will be closer to 3.5%.

Economic Report

India's capital account: open sesame

For India, the debate to fully open the capital account is a long-standing one. This Special Report elaborates on why India needs foreign capital and demonstrates that the country has already been gradually opening the capital account. This has led to India being in fact more open than meets the eye, but still has a long way to go.

Economic Report

Remittances: A source running dry?

The effect of the current economic slowdown on remittances is still unknown. Common sense would suggest that all countries with a high reliance on remittances from workers abroad would now be in serious trouble. However, several scientific studies have shown that remittance flows were relatively unaffected.

Economic Report

Uncovering country risk in bond spreads

When assessing risk in emerging markets, rating agencies used to apply the theory of the sovereign ceiling. This report highlights the reason behind the rating agencies dropping this theory. Furthermore, it shows why investing in local companies at times is less risky than investing in the sovereign.

Economic Report

HIPC debt relief: less debt, more growth and development?

In the last few years Sub-Sahara Africa has experienced the strongest economic growth in more than thirty years. This report explains how the so-called HIPC debt relief initiative has contributed to this reversal of economic fortunes. While the debt relief itself was useful, it is the conditions that were attached that made the real difference.

Economic Report

Corporate governance in Europe

In the wake of a series of corporate scandals at Enron, Worldcom, Parmalat and Ahold, the drive to modernise corporate governance and corporate law has accelerated worldwide. The United States is bringing considerable pressure to bear internationally in order to bring this about.