A survey of the literature on asset price impacts on the real economy shows a much wider range of work on consumption and related wealth effects than on investment. The existence of wealth effects on consumption is little contested, but there remains an issue of whether different effects should...

The UK financial market has been severely affected by the recent financial crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This paper reviews the supervisory and regulatory framework and the many reforms that have...

Ce volume fait partie d’une série de monographies sur les régimes de retraite privés dans les pays de l’OCDE. Les volumes précédents ont été consacrés à la situation du Canada, de l’Irlande, de la Nouvelle-Zélande et des Etats-Unis. Le système de pensions du Royaume-Uni...