[eng] Over the past fifteen years, the banking systems of industrialized countries have had quite contrasted performances. Whereas Germany has been sheltered from trouble, the US, France, the UK Japan and Scandinavian countries have all been affected by banking crises, the depth and precise...

[eng] In most countries, the taxation of households' liquid and financial assets is distinct from that of other types of income. Compared to the present fiscal regimes in Germany and in the United States, the French system appears to be the most complex, whereas its incidence does not seem to be...

[fre] Faut-il s'attendre à ce que la baisse des taux d'intérêt observée en Europe depuis plusieurs mois se répercute intégralement dans l'allégement du coût des crédits bancaires et stimule ainsi la croissance du crédit qui favoriserait la reprise des dépenses d'investissement des...

[eng] Tax reform in France: analysis and prospects Gael Dupont, Jacques Le Cacheux, Henri Sterdyniak et Vincent Touze The revenue side of the budget project for 2001 includes a planned reduction of taxation of a significant magnitude. This paper presents the major features of the plan and sets...

[eng] The dramatic political and institutional changes now occurring in the Soviet Union are likely to have profound consequences on income distribution amongst households, as well as amongst Republics. Even before the onset of the current reform wave had been initiated by M. Gorbatchev, the...

[eng] Excessive production costs for French firms are often seen as a prominent cause of their poor performances in terms of employment, exports and investment. Business taxes higher in France than abroad are currently presented as a major villain, especially so since labor costs growth has been...

[eng] The adoption of the common currency within a context of European fiscal systems diversity could lead to fierce tax competition. Capital income taxation is at stake. The fiscal gap on the corporate income tax between the European country is measured with the cost of capital concept. We find...

[eng] New indicators of effective exchange rates were published in the November issue of the OFCE monthly newsletter; this will be continued on a regular basis. The purpose of this note is to state the methods used to build these indicators and to present a selection of the series calculated and...