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22-Jul-2009
The UK financial market has been severely affected by the recent financial crisis. This paper reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses.
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15-Jul-2009
We find evidence of two cointegrating vectors, which we identify as bank loan demand and supply functions by testing for a number of exclusion and exogeneity restrictions on the cointegrating relationships.
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20-Apr-2009
Following EU accession Estonia experienced a loan financed boom. The boom was characterised by overinvestment in the real estate and construction sectors fuelled by strong growth in housing loans, particularly those with variable interest and denominated in foreign currency. Now these sectors are facing a downturn, which has already affected overall economic activity. Since the two sectors are closely linked, problems in one may spill over to the other.
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23-Sep-2008
OECD Secretary-General Angel Gurría welcomes and supports the systemic rescue plan for financial markets announced by the US Government, which he says will contribute to stabilizing the U.S. and world economies.
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