Latest Documents


30-July-2009

English

Economic Survey of Mexico 2009: Overcoming the financial crisis and the macroeconomic downturn

Despite improved fundamentals, Mexico is hit hard by the financial crisis, being exposed to several simultaneous external shocks. A welcome, but weak, stimulus was passed for 2009, and policy will likely need to be supportive also in 2010.

22-July-2009

English

Financial stability in the United Kingdom: Banking on prudence

This paper reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms.

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15-July-2009

English

Economic Survey of Russia 2009: Stabilisation and renewed growth: Key challenges

After a decade of rapid growth, Russia has fallen into recession. The near term challenge is to limit the extent of the downturn, while beyond the crisis, a sounder growth model should be put in place.

15-July-2009

English

Economic Survey of Russia 2009: Making the banking sector more efficient and resilient

Despite improvements, the banking system remains underdeveloped and crisis-prone. The current crisis, albeit painful, may yield restructuring and new regulatory approaches that will be positive in the long run.

15-July-2009

English

Economic Survey of Russia 2009: Making exchange rate policy more flexible and monetary policy more effective

Russia should aim for a gradual switch from a quasi-fixed exchange rate policy to inflation targeting. Not all conditions for adopting inflation targeting are yet in place, but preparations should be accelerated.

15-July-2009

English

The bank lending channel of monetary transmission in Brazil: A VECM approach

This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using monthly aggregate data for the period 1995:12 through 2008:6.

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2-July-2009

English

Economic Survey of Austria 2009: Facing the financial crisis

Austria entered the most severe recession in decades. This triggered prompt policy measures to stabilise the real economy and financial markets, which will deteriorate significantly the fiscal position.

29-June-2009

English

Economic Survey of the United Kingdom 2009: Policies to overcome the crisis

The United Kingdom, like many OECD economies, is experiencing a severe recession as a consequence of a series of global shocks and any recovery in 2010 is likely to be slow. The financial crisis has severely impaired the supply of credit and house prices have fallen sharply. Unemployment is expected to increase significantly. The large rise in the government deficit is providing support to demand, but the debt-to-GDP ratio will

29-June-2009

English

Economic Survey of the United Kingdom 2009: Financial stability: banking on prudence

The UK financial market has been severely affected by the financial market crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This chapter reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms.

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22-June-2009

English

Paris Conference for Long-Term Value and Economic Stability

In his introductory remarks at the Paris Conference for Long-Term Value & Economic Stability, Angel Gurría talks about the importance of long-term investments and their capacity to help to bring back confidence and to achieve long-term sustainable development throughout the world

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