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

Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … reasons for these low investment rates and discusses policy options to achieve faster capital accumulation. A shortage of … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current …

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

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

Enhancing the Benefits of Financial Liberalisation in Belgium

Ide, Stefan; Høj, Jens; Lenain, Patrick - Economics Department, Organisation de Coopération et … - 2007

the financial system. Tax credits are granted to influence investment and borrowing decisions, notably to stimulate home …

Persistent link: https://www.econbiz.de/10005045635

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

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

This study investigates the relative importance of factors shaping banking and corporate landscapes in Thailand after 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...

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

This study investigates the changing relations between banks and their business customers in selected Asian emerging economies. These changes are manifest in declining bank lending growth and can be attributed to three major driving forces: cyclical factors, the fallout from the 1997 Asian...

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

Housing Markets and Adjustment in Monetary Union

Hoeller, Peter; Rae, David - Economics Department, Organisation de Coopération et … - 2007

This paper highlights the factors that limit or increase cyclical divergence in the euro area and reviews one policy area that is important in fostering a speedy adjustment to shocks: the transmission of monetary policy via the housing market. A high interest rate sensitivity of housing markets...

Persistent link: https://www.econbiz.de/10005045746

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

This paper examines the state of the Russian banking sector in 2004 and assesses the most important reform initiatives of the last two years, including deposit insurance legislation, a major reform of the framework for prudential supervision, steps to increase transparency in the sector, and...

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

Can the Financial Sector continue to be the Main Growth Engine in Luxembourg?

Bourgain, Arnaud; Pieretti, Patrice; Høj, Jens - Economics Department, Organisation de Coopération et … - 2009

low taxation. As a result, Luxembourg is today one of the main international centres for investment funds. Besides the …

Persistent link: https://www.econbiz.de/10005045950