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an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …
Persistent link: https://www.econbiz.de/10012202943
The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply....
Persistent link: https://www.econbiz.de/10011399564
Household debt has risen markedly since the turn of the century and stands at a historically high level in most OECD … countries. This paper offers an overview of developments in household debt over the past decades across a large sample of OECD … household debt for households, the financial system and the wider economy. Finally, it describes the challenges faced by …
Persistent link: https://www.econbiz.de/10011577657
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the role of these high levels of debt for workers, based on an assembled micro-dataset that harmonises household surveys … increased risk that they encounter a sharp fall in their wages. People who tend to be particularly affected are the low … growth and risk. Overall, the evidence in this paper points to finance as one factor behind wage stagnation and the social …
Persistent link: https://www.econbiz.de/10012421215
This paper explores the connection between “zombie” firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the results show that zombie firms are more likely...
Persistent link: https://www.econbiz.de/10011823621
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