Working Papers


6-March-2009

English

Do Latin American central bankers behave non linearly? The experiences of Brazil, Chile, Colombia and Mexico

This paper estimates unrestricted monetary reaction functions for four Latin American countries (Brazil, Chile, Colombia and Mexico) and tests for the presence of non linear effects in central bank behaviour.

6-March-2009

English

Quantifying the effect of financial conditions in the Euro Area, Japan, United Kingdom and United States

This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy.

24-February-2009

English

Financial market stability in the European Union: Enhancing regulation and supervision

Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done.

Related Documents

24-February-2009

English

Overcoming the Financial Crisis in the United States

The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system.

18-February-2009

English

Financial crises: past lessons and policy implications

This overview paper examines the financial crisis in light of past country experience and economic theory and sets out some preliminary policy recommendations.

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