-performing loans across banks. Higher capital buffers would bolster financial stability and help ensure access to market funding while …

capital position of the European banking system, using November 2013 stock market data. In the basic scenario to restore … capital to a market based leverage ratio of 3%, EUR 84 billion of extra capital would be needed for the largest 60 banks …

consolidated public sector and different levels of government, and tests for the sustainability of the public debt dynamics. The …

past two decades. The main findings show that the rise in household debt to historical levels has been driven by a … most of the debt is held by households better able to manage it. In particular, the major part of debt is held by higher … ability to service debt, do not hold that much and, as such, the spill over effects from this group to the rest of the economy …

Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder … shocks. The empirical evidence suggests that when private sector debt levels, particularly for households, rise above trend …

Japan’s public debt ratio, currently about 230% of GDP. The findings indicate that fiscal consolidation amounting to around … productivity growth, as well as inflation gradually rising to 2% thanks to unconventional monetary policy measures, the debt ratio …

How does debt affect macroeconomic stability? The answer to this question has important implications, because both … public and private debt levels have reached historic highs across the OECD. While accumulating debt can help smooth real … activity, at high levels debt creates weaknesses in corporate, household and government balance sheets. High debt levels can …

Using a large panel of OECD countries this paper studies the link between debt and macroeconomic stability by comparing … between debt and economic growth has been extensively studied in the literature, only little attention has been paid to the … impact of debt on volatility and higher moments of output growth distributions. This paper fills in this gap. Debt …

planned, with a view to reducing the debt burden below 60% of GDP by 2020. Austrian fiscal policies have tended to be pro …