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The Korean Financial System: Overcoming the Global Financial Crisis and Addressing Remaining Problems

Tsutsumi, Masahiko; Jones, Randall S.; Cargill, Thomas F. - Economics Department, Organisation de Coopération et … - 2010

The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets. However, the prompt response by the government and the central bank stabilised Korea’s financial sector in early 2009 and recovery followed relatively...

Persistent link: https://www.econbiz.de/10008492403

Understanding the Recent Surge in the Accumulation of International Reserves

Vujanovic, Petar - Economics Department, Organisation de Coopération et … - 2011

This paper looks at the empirical determinates of foreign currency reserve holdings across a panel of around 130 countries between 1980 and 2008. The paper builds on the existing literature by adopting a panel error-correction model specification and by extending the sample to include the recent...

Persistent link: https://www.econbiz.de/10009024408

The Effectiveness of Education and Health Spending among Brazilian Municipalities

Mello, Luiz de; Pisu, Mauro - Economics Department, Organisation de Coopération et … - 2009

. This Working Paper relates to the 2009 OECD Economic Survey of Brazil (www.oecd.org/eco/surveys/brazil).<P>L'efficacité des …

Persistent link: https://www.econbiz.de/10005078943

Raising Investment in Brazil

Arnold, Jens - Economics Department, Organisation de Coopération et … - 2011

Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current … investment incentives. This Working Paper relates to the 2011 OECD Economic Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil …

Persistent link: https://www.econbiz.de/10009350673

Promoting Infrastructure Development in Brazil

Mourougane, Annabelle; Pisu, Mauro - Economics Department, Organisation de Coopération et … - 2011

Brazil under-invested in infrastructure for over three decades, and infrastructure investment rates have come up only … consortia to reap economies of scale. This Working Paper relates to the 2011 OECD Economic Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil …

Persistent link: https://www.econbiz.de/10009350674

Explaining the Appreciation of the Brazilian <i>real</i>

Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2011

relative to Brazil’s main trade partners are found to be significant determinants of the real effective exchange rate in the …

Persistent link: https://www.econbiz.de/10009350675

Refining Macroeconomic Policies to Sustain Growth in Brazil

Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2011

This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in … Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil).<P>Ajuster les politiques macroéconomiques pour soutenir la …

Persistent link: https://www.econbiz.de/10009350676

Current Account Sustainability in Brazil: A Non-Linear Approach

Mello, Luiz de; Mogliani, Matteo - Economics Department, Organisation de Coopération et … - 2009

The possibility that a country’s external current account may adjust nonlinearly to shocks is attracting increasing attention in the empirical literature. To shed further light on this issue in the context of emerging-market economies, this paper uses Brazilian data to estimate the...

Persistent link: https://www.econbiz.de/10004963280

Social Security Reform in Brazil: Achievements and Remaining Challenges

Giambiagi, Fabio; Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2006

This paper reviews the main elements of social security reform in Brazil since 1998 and discusses areas where further …

Persistent link: https://www.econbiz.de/10005045717

The Brazilian 'Tax War': The Case of Value-Added Tax Competition among the States

Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2007

This paper tests for horizontal tax competition in the VAT for a sample of Brazilian states in the period 1985-2001. The states have considerable autonomy to set their VAT rates and bases, often using this tax as an industrial policy tool. The empirical findings, based on the estimation of a tax...

Persistent link: https://www.econbiz.de/10005045768