Showing 1 - 10 of 22
The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman...
Persistent link: https://www.econbiz.de/10008498029
Structural reforms in labour and product markets are required in a number of euro-area countries. A question in this … regard, which is the topic of this paper, is whether belonging to the euro area tends to help or hinder structural reform … the decade since 1993 between euro-area countries and other OECD countries. Overall, euro-area countries appear to have …
Persistent link: https://www.econbiz.de/10005045886
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations … empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over … view that towards the end of 2000, the euro was significantly undervalued ...<BR><P>Pendant les deux premières années de l …
Persistent link: https://www.econbiz.de/10005045928
The prospective normalisation of monetary policies in the main OECD areas will be challenging given that current policy rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre-crisis levels by a wide margin. Monetary policy...
Persistent link: https://www.econbiz.de/10011274979
crisis hit does, however, vary widely across countries, being more than 10% for several smaller European, mainly euro area … financière mondiale sur la production potentielle de l'OCDE<BR>Cette étude propose une estimation des pertes de production … des tendances démographiques. Parmi les 19 pays de l’OCDE qui ont connu une crise bancaire durant la période 2007-2011, l’estimation …
Persistent link: https://www.econbiz.de/10011276787
It is now six years since a devastating financial and economic crisis rocked the global economy. Supported strongly by the G20 process, international regulators led by the Financial Stability Board have been working hard ever since to develop new regulatory standards designed to prevent a...
Persistent link: https://www.econbiz.de/10011276793
the banking sector in most countries, with the exception of vulnerable euro area economies, monetary policy stimulus did …’extérieur du secteur bancaire dans la plupart des pays, à l’exception des économies vulnérables de la zone euro, le stimulus de la …
Persistent link: https://www.econbiz.de/10011276812
This paper provides an empirical investigation of the relationship between surges in capital inflows and the probability of subsequent banking, currency and balance-of-payment crises. Using a panel of developed and emerging economies from 1970 to 2007, it is shown that a large capital inflow...
Persistent link: https://www.econbiz.de/10009358638
Sweden than in the euro area, United Kingdom and United States. The pass-through from money market rates to retail rates is …
Persistent link: https://www.econbiz.de/10009249777
The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt. The effect is a function of the...
Persistent link: https://www.econbiz.de/10008455437