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Slovik, Patrick; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2011

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

Overcoming the Financial Crisis in the United States

Michelis, Andrea de - Economics Department, Organisation de Coopération et … - 2009

The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system. After examining the origins of the crisis, this paper recommends specific policy responses to resolve the...

Persistent link: https://www.econbiz.de/10005045609

Fiscal Convergence, Business Cycle Volatility and Growth

Furceri, Davide - Economics Department, Organisation de Coopération et … - 2009

This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Using a panel 21 OECD countries (including 11 EMU countries) and 40 years of data, we find that countries with similar government budget positions tend to have smoother business cycles. That is, fiscal...

Persistent link: https://www.econbiz.de/10005045629

Boosting the Development of Efficient SMEs in the Netherlands

Kierzenkowski, Rafał; Kastaneer, Jochebed - Economics Department, Organisation de Coopération et … - 2014

medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being … alternatives to bank lending options for SME finance is important but will take time. Restructuring banks’ balance sheets is … essential to step up bank lending to SMEs in the medium term. Beyond financing issues, boosting innovation would support …

Persistent link: https://www.econbiz.de/10011277034

Enhancing Financial Stability Through Better Regulation in Hungary

Molnár, Margit - Economics Department, Organisation de Coopération et … - 2010

The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability. Excessive risk-taking by banks and households had been masked by relatively stable exchange rates, the expected early adoption of the euro and unusually lax credit conditions in...

Persistent link: https://www.econbiz.de/10008552864

Issues in Private-Sector Finance in Israel

Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011

The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...

Persistent link: https://www.econbiz.de/10009386332

The Internet Economy - Regulatory Challenges and Practices

Koske, Isabell; Bitetti, Rosamaria; Wanner, Isabelle; … - Economics Department, Organisation de Coopération et … - 2014

The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of...

Persistent link: https://www.econbiz.de/10011276839

Debt and Macroeconomic Stability

Sutherland, Douglas; Hoeller, Peter; Merola, Rossana; … - Economics Department, Organisation de Coopération et … - 2012

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder the ability of households and enterprises to smooth...

Persistent link: https://www.econbiz.de/10011269145

Challenges in the Mexican Financial Sector

Bonturi, Marcos - Economics Department, Organisation de Coopération et … - 2002

The Mexican banking crisis of 1994/95 necessitated a major government rescue operation - estimated to have cost about 20 per cent of GDP. Since then, financial sector reforms have been implemented and the performance of the Mexican financial system has markedly improved, as shown by indicators...

Persistent link: https://www.econbiz.de/10005045621

Recent and Prospective Trends in Real Long-Term Interest Rates: Fiscal Policy and other Drivers

Brook, Anne-Marie - Economics Department, Organisation de Coopération et … - 2003

This paper documents some features of recent trends in bond yields and discusses the drivers of these trends. This includes a discussion of the relationship between fiscal balances and interest rates -- with a summary of key empirical results from the literature provided in the Appendix. The...

Persistent link: https://www.econbiz.de/10005045646