adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed … economy and compares abilities of market-based and bank-based financial systems in processing the shock. Unregulated banking …

including OOH in the HICP to derive a new inflation index. We discuss the conceptual and measurement issues involved …. We show that since 2011 the estimated impact of including OOH in HICP annual inflation, based on either the "net … suggests that including OOH based on the rental equivalence approach decreases the cyclicality of the new inflation index …