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Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl

Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014

House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...

Persistent link: https://www.econbiz.de/10011276860

Efficiency and Contestability in the Colombian Banking System

Daude, Christian; Pascal, Julien - Economics Department, Organisation de Coopération et … - 2015

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...

Persistent link: https://www.econbiz.de/10011276947

Deleveraging: Challenges, Progress and Policies

Bouis, Romain; Christensen, Ane Kathrine; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2013

In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive...

Persistent link: https://www.econbiz.de/10011276972

Ensuring Stability and Efficiency of the Hungarian Financial Sector

Havrylchyk, Olena - Economics Department, Organisation de Coopération et … - 2012

step towards fair burden sharing. Bank recapitalisation, if necessary, should be done by raising the level of capital so as … accounts for systemic risks in Hungary. Finally, an effective independence of the central bank has to be guaranteed. This …

Persistent link: https://www.econbiz.de/10011276975

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

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

Banking Reform in Russia: Problems and Prospects

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

Russian bank reform strategy concerns the future of state-owned banks. Despite a long-standing official commitment to reducing … 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

Spillover Effects from Exiting Highly Expansionary Monetary Policies

Rawdanowicz, Łukasz; Bouis, Romain; Brezillon, Jérôme; … - Economics Department, Organisation de Coopération et … - 2014

rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre …

Persistent link: https://www.econbiz.de/10011274979

Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand

Molnár, Margit - Economics Department, Organisation de Coopération et … - 2003

1997 through an empirical analysis of micro-data of Thai banks and firms. The results of the analysis of the bank data show … that the deceleration of bank credit growth is mainly attributable to the fallout from the Asian crisis and postcrisis …

Persistent link: https://www.econbiz.de/10005045673

Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia

Molnár, Margit - Economics Department, Organisation de Coopération et … - 2003

economies. These changes are manifest in declining bank lending growth and can be attributed to three major driving forces … bank credit. In response to declining lending growth and profits, banks have been diversifying their customer base and … consolidation and branching overseas. Faced with more stringent bank lending conditions in some cases, and seeking to reduce their …

Persistent link: https://www.econbiz.de/10005045732