deregulation in Finland was similar to that in the other Nordic countries. As in Norway and Sweden, household indebtedness started … loans. Measured by the ratio of household debt to annual disposable income, household indebtedness peaked in 1990 at more … plummeted. High indebtedness and overcapacity especially in the domestic sector will require several years of adjusting. …

percentage change in GDP, an income surprise variable combined with lagged aggregate indebtedness, a real interest rate surprise … variable combined with lagged aggregate indebtedness, and a deregulation dummy. The innovation in this paper is the use of … surprise variables based on macroeconomic forecasts. According to the results, high indebtedness combined with negative …

that they are perhaps even more strongly related to indebtedness, real interest rates and asset prices. The importance of …

-specific macro variables: output growth shocks, real interest rates, and a measure of excessive private sector indebtedness. We find … more moderate level of indebtedness. Low interest rates during the recent recession may have been another, perhaps the most …

Following Eijffinger and Geraats (2006), we construct an index of transparency of banking supervisors that takes … political, economic, procedural, policy and operational transparency into account. Based on a survey, we construct the index for … 24 banking supervisors. There are large differences among transparency of supervisors. The average total score is 9 …

network technologies. URL:[http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000276332/The+digital+society%3A+New+ways+to+more+transparency …