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Enhancing the Benefits of Financial Liberalisation in Belgium
Ide, Stefan - 2007
The Belgian financial landscape has been transformed over the past two decades and now consists of a relatively large, well-functioning and internationally integrated financial sector contributing directly and indirectly, through its intermediary function, to long-term economic growth. One of...
Persistent link: https://www.econbiz.de/10012445827
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The Great Reversals : The Politics of Financial Development in the 20th Century
Rajan, Raghuram - 2000
We attempt to identify and explain the broad patterns of financial development in developed countries over the twentieth century. We find that, contrary to the predictions of most existing theories, indicators of financial development do not seem monotonic over time. In particular, we find that...
Persistent link: https://www.econbiz.de/10012446566
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Regulation of Financial Systems and Economic Growth
de Serres, Alain; Kobayakawa, Shuji; Sløk, Torsten; … - 2006
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a … external sources of funding tend to grow faster in countries that have more competition-friendly regulation in markets for … on regulations in banking and securities markets. They point to substantial variations in the stance of regulation across …
Persistent link: https://www.econbiz.de/10012444857
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Enhancing Financial Stability Through Better Regulation in Hungary
Molnár, Margit - 2010
a tighter regulation of lenders. Enhancing competition in the banking market would also impose discipline on lending …
Persistent link: https://www.econbiz.de/10012446331
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After the Crisis: Mitigating Risks of Macroeconomic Instability in Turkey
Rawdanowicz, Łukasz - Economics Department, Organisation de Coopération et … - 2010
Turkey is recovering from a severe recession. Once growth gains full speed, the authorities will likely face the challenge of widening external imbalances and of ensuring a smooth functioning of the financial markets. The former will require improving competitiveness, raising domestic saving,...
Persistent link: https://www.econbiz.de/10008752420
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The Impact of Structural Policies on Saving, Investment and Current Accounts
Kerdrain, Clovis; Koske, Isabell; Wanner, Isabelle - Economics Department, Organisation de Coopération et … - 2010
This paper explores the impact of structural policies on saving, investment, and current accounts in OECD and non-OECD economies. Since the current account effects of structural reforms are often complex and ambiguous from a theoretical perspective, new OECD empirical analysis is carried out....
Persistent link: https://www.econbiz.de/10008752697
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Financial Markets in Iceland
Tulip, Peter - 2007
This paper discusses recent developments and policy issues relating to financial markets in Iceland. Overall, the sector is thriving, both relative to history and to conditions in other countries. This bodes well not only for those directly involved in the industry but for the country as a...
Persistent link: https://www.econbiz.de/10012443060
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Monetary Policy in the Wake of Financial Liberalisation
Blundell-Wignall, Adrian - 1990
The paper examines evidence concerning the impact of financial liberalisation and innovation on monetary policy. The indicator value of monetary aggregates and the role of liquidity constraints in the transmission mechanism affecting aggregate demand are examined. Countries where financial...
Persistent link: https://www.econbiz.de/10012444145
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The Future of Capital Income Taxation in a Liberalised Financial Environment
Carey, David - 1993
This paper first gives a brief account of the main changes introduced by OECD governments in their capital income tax rules during the 1980s with respect to both the corporate and personal sectors. It then examines the evolution of effective capital taxation, using a summary measure ("tax...
Persistent link: https://www.econbiz.de/10012444272
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Financial Market Liberalisation, Wealth and Consumption
Boone, Laurence - 2001
The past two decades have seen substantial deregulation in the financial sectors of most OECD countries. The main motivation was to improve efficiency within the financial system, but the macroeconomic implications might go beyond this objective with impacts on the business cycle and the...
Persistent link: https://www.econbiz.de/10012444896