Showing 1 - 10 of 26
This paper provides an empirical investigation of the medium-term determinants of international investment positions for a large sample of advanced and emerging economies. In addition to the usually considered drivers of foreign assets and liabilities, the analysis focuses on the role of...
Persistent link: https://www.econbiz.de/10009358635
The structure of a country’s external liabilities, as well as the extent and nature of its international financial integration are key determinants of its vulnerability to financial crises. This is confirmed by new empirical analysis covering OECD and emerging economies over the past four...
Persistent link: https://www.econbiz.de/10011276720
This paper brings together the results from new empirical analysis on how – under international capital mobility – financial account structure and structural policies can contribute to financial stability. More specifically, the analysis has identified features of financial accounts and...
Persistent link: https://www.econbiz.de/10011276910
Taken together, Brazil, China, India, Indonesia and South Africa – the “BIICS” – have been an important engine for world growth, and they account for a growing share of global output. However, further reforms will be needed to ensure catch-up to OECD GDP per capita levels over the long...
Persistent link: https://www.econbiz.de/10008542503
In contrast to what has happened throughout the 1960s and 1970s, some of the largest EU countries and Japan are no longer closing the income gap vis-à-vis the United States. Worse, the gap may even be widening since the mid-1990s. While in the case of Japan the gap in GDP per capita is...
Persistent link: https://www.econbiz.de/10005045617
What policy reforms are most urgently needed to remove obstacles to output and employment growth in service sectors and to enhance economies’ ability to adjust to structural change as a result of changing trade patterns? This paper reviews the impact of the structural policy framework...
Persistent link: https://www.econbiz.de/10005045677
This document forms a record of a workshop held on 16 January 2006, aimed at examining the mechanisms underlying cross-country convergence of per capita GDP, to what extent they operate in practice, and the implications for policies, including those requiring plausible long-term projections of...
Persistent link: https://www.econbiz.de/10005046090
Social safety nets protect citizens against hardship. By offering compensation, social safety nets may help overcome the political resistance to trade liberalisation and structural reform, but they can also weaken the incentives to work and save. Depending on their design, safety nets may also...
Persistent link: https://www.econbiz.de/10005046192
-border lending is significant in Hungary. The paper uses the stochastic frontier analysis with a Fourier-flexible specification of ….e. produce large amounts of bad loans - as efficient can be partly avoided. The results show that in Hungary, bank efficiency is … the 2010 Economic Survey of Hungary.<P>Les banques hongroises sont-elles efficientes ?<BR>Les caractéristiques apparentes …
Persistent link: https://www.econbiz.de/10008865898
main risks to debt sustainability lie in growth shocks, whose volatility is high in Hungary. This highlights the crucial …
Persistent link: https://www.econbiz.de/10011276791