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South Africa : the financial sector-sovereign nexus
Hesse, Heiko; Miyajima, Ken - 2022
Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...
Persistent link: https://www.econbiz.de/10013170007
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Fintech in Latin America and the Caribbean : stocktaking
Berkmen, P.; Beaton, Kimberly; Gershenson, Dmitriy; … - 2019
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...
Persistent link: https://www.econbiz.de/10012009989
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Narrowing vertical fiscal imbalances in four European countries
Karpowicz, Izabela - 2012
Persistent link: https://www.econbiz.de/10009572314
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Demand patterns in France, Germany, and Belgium : can we explain the differences?
Lebrun, Igor; Pérez Ruiz, Esther - 2014
Persistent link: https://www.econbiz.de/10010441770
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Regional Labor Market Disparities in Belgium
Estevão, Marcello M. - 2002
Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within …-unemployment provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on … short-run adjustment is over, there is less labor migration in Belgium than in the United States or Europe, corroborating …
Persistent link: https://www.econbiz.de/10014403668
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The Effects of Early Retirementon Youth Unemployment : The Case of Belgium
Pestieau, Pierre - 2008
In this paper, we describe the changes of (early) retirement programs over time and study the link between trends in elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument that the idea of a lump-of-labor should hold. Our...
Persistent link: https://www.econbiz.de/10014401757
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Retail Bank Interest Rate Pass-Through : Is Chile Atypical?
Rebucci, Alessandro - 2003
This paper investigates empirically the pass-through of money market interest rates to retail banking interest rates in Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does not appear atypical. Based on a standard...
Persistent link: https://www.econbiz.de/10014399635
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Signaling Fiscal Regime Sustainability
Prati, Alessandro - 1999
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable—but not fully credible—governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10014400094
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Pension Reform in Belgium
International Monetary Fund - 1996
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our … countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending …
Persistent link: https://www.econbiz.de/10014396528
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - 2012
) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in …
Persistent link: https://www.econbiz.de/10014396839