Le fonctionnement du système financier peut avoir un impact décisif sur la croissance économique et sur la stabilité de l’économie. Il influe sur la croissance économique à long terme par son effet sur l’efficience de l’intermédiation entre épargnants et emprunteurs finaux ; par...

The operation of the financial system can have a key impact on economic growth and the stability of the economy. It affects long-term economic growth through its effect on the efficiency of intermediation between the savers and final borrowers of funds; through the extent to which it allows for...

Japan's Flow of Funds Accounts Statistics (J-FFA) is a comprehensive record of developments in financial assets and liabilities in major economic sectors. The main features of the J-FFA can be summarized as follows. First, the J-FFA shows both financial transactions and the corresponding...

After a rapid expansion of financial transactions, both the authorities and financial institutions became aware of the risk involved in interbank settlement systems. To cope with the risk the systems in most economies have been designed so that large-sized payments are settled in the real time...

This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales...

The agricultural sector in Canada is relatively large, compared to those in most other G7 countries. In recent years, the federal and provincial governments have undertaken a number of sectoral reforms to meet the competitiveness and environmental challenges that it faces. The federal government...

This paper strives to appraise -- in terms of contributions to economic development -- Japan's postwar financial system, a system that has been exposed to a variety of environmental changes over time including globalization. Having been designed to foster growth, the postwar financial system did...

We develop a model of mechanism design in which the regulator's strategy is to choose both the level of capital requirements and the premiums charged for deposit insurance. The model concludes that low-risk banks should be imposed high capital requirement and low premium while high-risk ones are...

This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales...