Showing 1 - 10 of 1,098
-reliance on the banking system<P>Les réformes financières en Chine<BR>Les réformes visant à moderniser et à renforcer le secteur …
Persistent link: https://www.econbiz.de/10008480478
financement infranationaux actuels en Chine remontent à la réforme fiscale de 1994. La Chine possède une structure administrative ….oecd.org/eco/surveys/china)<P>Le système de partage des recettes et des transferts budgétaires en Chine<BR>Les principales caractéristiques des accords de … décennie passée, la politique des transferts en Chine a répondu aux déséquilibres horizontaux et est devenue nettement plus …
Persistent link: https://www.econbiz.de/10011276970
This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators. It first analyses the main characteristics of the cycle, including the length, amplitude, asymmetry and changes of...
Persistent link: https://www.econbiz.de/10009393769
financier pour la stabilité financière. En particulier, un biais de la structure de financement vers la dette augmente fortement … la probabilité de crise bancaire. De plus, certaines formes d’intégration financière comme les besoins de financement …
Persistent link: https://www.econbiz.de/10009351419
Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots. It reflects lingering anxieties over the euro...
Persistent link: https://www.econbiz.de/10011276838
Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...
Persistent link: https://www.econbiz.de/10011276947
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales...
Persistent link: https://www.econbiz.de/10005045781
This paper aims at providing an overview of the theoretical considerations and a review of the empirical literature on the relationship between finance and growth. Section I describes the role of financial development in economic growth at the macro level, both theoretically and empirically....
Persistent link: https://www.econbiz.de/10005046080
The recent period of sustained high growth in the United States has drawn attention to its financial system and the efficiency with which it seems to be able to channel funds to new productive investment projects, particularly in hi-tech industries. This study examines the role played by the...
Persistent link: https://www.econbiz.de/10005046107
We attempt to identify and explain the broad patterns of financial development in developed countries over the twentieth century. We find that, contrary to the predictions of most existing theories, indicators of financial development do not seem monotonic over time. In particular, we find that...
Persistent link: https://www.econbiz.de/10005046123