Showing 1 - 10 of 1,190
The “Great Recession” has painfully demonstrated the impact of real estate prices on real economic activity. Hence, close examination of real estate price changes is important for business cycle analysis and economic policy. However, most real estate price indices for Germany either exhibit...
Persistent link: https://www.econbiz.de/10011151255
Emerging European countries have made large strides in developing their local capital markets since the early-1990s. However, the rate of development has been widely disparate across countries and market segments, underpinned by the varying degrees of progress made in key areas such as...
Persistent link: https://www.econbiz.de/10005264095
Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, and structural improvements to markets. The development of equity markets provides a more...
Persistent link: https://www.econbiz.de/10005599719
This paper examines a range of issues relating to bond markets in the ASEAN5 (Indonesia, Malaysia, Philippines, Singapore and Thailand) - physical infrastructure including trading, clearing and settlement; regulation, supervision and legal underpinnings; and derivatives markets - and finds that...
Persistent link: https://www.econbiz.de/10009151209
excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential …
Persistent link: https://www.econbiz.de/10008876594
This report discusses the IMF/World Bank Financial Sector Assessment Program (FSAP) exercise for China undertaken during June–December 2010. The assessment concluded that reforms in China have progressed well in moving toward a more commercially oriented financial system. Despite success...
Persistent link: https://www.econbiz.de/10011243609
With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of unconventional monetary easing measures since late 2009 in response to lingering deflation and a weakening economy. These measures culminated in a new Asset Purchase Program under the Comprehensive Monetary...
Persistent link: https://www.econbiz.de/10009370553
This paper identifies the key factors influencing indexation decisions in turbulent economic times within defined … benefit plans using a unique panel dataset of 166 Dutch pension funds from 2007 to 2010. Key drivers of indexation are the … indexation as this is already captured by the funding ratio. We also examine the relation between policy ladders and the actual …
Persistent link: https://www.econbiz.de/10010988360
low use of indexation. The extent of the risk and the fact that the sign of the gap is the same across banks does not …
Persistent link: https://www.econbiz.de/10010849647
adverse shocks, the manner in which indexation is used in New Keynesian models, and the use of sticky information to explain …
Persistent link: https://www.econbiz.de/10010956041