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

’effet sur l’activité économique provient principalement de ce que les banques augmentent leurs marges de crédit afin de … banques devraient augmenter leurs marges de crédit d'environ 15 points de base en moyenne. Les exigences de capital en vigueur … augmenter les marges de crédit d’environ 50 points de base. Les effets estimés sur la croissance du PIB n’incorporent aucune …

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

Regulation of Financial Systems and Economic Growth

Serres, Alain de; Kobayakawa, Shuji; Sløk, Torsten; … - Economics Department, Organisation de Coopération et … - 2006

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

Banking Reform in Russia: Problems and Prospects

Tompson, William - Economics Department, Organisation de Coopération et … - 2004

the role of the state – and of the Bank of Russia in particular – in the ownership of credit institutions, there is still …

Persistent link: https://www.econbiz.de/10005045927

Financial Market Stability in the European Union: Enhancing Regulation and Supervision

Lawson, Jeremy; Barnes, Sebastian; Sollie, Marte - Economics Department, Organisation de Coopération et … - 2009

Financial innovation and integration have spurred financial development and enhanced consumer choice. Financial integration has also been associated with the emergence of large, complex, cross-border financial institutions (LCFIs). This has changed risk profiles and made cross-border contagion...

Persistent link: https://www.econbiz.de/10005046208

Prudential Regulation and Competition in Financial Markets

Ahrend, Rudiger; Arnold, Jens; Murtin, Fabrice - Economics Department, Organisation de Coopération et … - 2009

This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to selected stability and competition outcomes in these sectors. Based on survey information on financial market regulation, policy indicators for eight areas of prudential banking...

Persistent link: https://www.econbiz.de/10008498028

Iceland: The Financial and Economic Crisis

Carey, David - Economics Department, Organisation de Coopération et … - 2009

The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman...

Persistent link: https://www.econbiz.de/10008498029

Russia's Long and Winding Road to a more Efficient and Resilient Banking Sector

Barnard, Geoff - Economics Department, Organisation de Coopération et … - 2009

In the decade following the 1998 financial crisis Russia’s banking system grew much larger and stronger – indeed, growth rates were dangerously high – but even before the onset of the current global crisis it continued to play a limited role in intermediating savings and investment,...

Persistent link: https://www.econbiz.de/10008498037

Raising Investment in Brazil

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

to pin down, and thin long term credit markets, which are dominated by the national development bank BNDES. Going forward … le niveau élevé des taux d’intérêt réels, qui ne s’explique pas aisément, et l’atrophie des marchés du crédit à long … les organismes de crédit privés à procurer des financements sur le long terme pour financer les besoins du pays en …

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