In this paper we study the impact of the Basel III liquidity regulations, namely the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), on the bank lending channel in Luxembourg. For this aim we built, based on individual bank data, time series of the LCR and NSFR for a...

In this article we investigate the leverage cycle in Luxembourg?s banking sector using individual bank-level data for the period 2003 Q1 to 2010 Q1. We discuss the mechanics behind the leverage cycle in Luxembourg?s banks and show that these banks predominantly adjust leverage by changing both...

Rapport pour l'OCDE, 3 mars 2008

In this contribution, we study the organization and the funding mechanisms of higher education. We show that higher education is organized and funded very differently among OECD countries. We put forward the fact that this heterogeneity in its organization and funding corresponds to different...