Showing 1 - 10 of 88
point per annum. Economic output is mainly affected by an increase in bank lending spreads as banks pass a rise in bank … Tier 1 capital ratio) could increase bank lending spreads by about 50 basis points. The estimated effects on GDP growth …
Persistent link: https://www.econbiz.de/10008838314
In the 16 years since the OECD began conducting Economic Surveys of the Russian Federation, a great many policy recommendations relating to structural reform and framework conditions have been made. This paper, expanding on Annex 1.A1 in the 2011 OECD Economic Survey of the Russian Federation,...
Persistent link: https://www.econbiz.de/10009394360
integration has been a major vector of contagion, and even more so when cross-border bank lending was primarily short …
Persistent link: https://www.econbiz.de/10011276720
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
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
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
For many years, Brazil lagged behind other middle-income countries in terms of school enrolment rates. But since 1998 …
Persistent link: https://www.econbiz.de/10005045808
Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are … generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining … for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades …
Persistent link: https://www.econbiz.de/10005045960
This paper reviews recent trends in fiscal performance in Brazil, estimates fiscal reaction functions for the …
Persistent link: https://www.econbiz.de/10005046037
paper uses a friction model to estimate intervention reaction functions and the associated marginal effects for Brazil and … findings are that: i) in both countries interventions occur predominantly to reduce exchange-rate volatility, while in Brazil … the central bank also reacts to exchange-rate deviations from medium-term trends; ii) there are strong, asymmetric …
Persistent link: https://www.econbiz.de/10005046071