Latest Documents


  • 18-February-2016

    English

    Policies to tame the housing cycle in Switzerland

    High house prices are being supported by very low interest rates, immigration-fuelled population growth and smaller family units, while demand is being bolstered by mortgage interest tax deductibility and institutional investors.

  • 10-February-2016

    English

    Household debt in OECD countries: stylised facts and policy issues

    This paper offers an overview of developments in household debt over the past decades across a large sample of OECD countries, highlighting both common trends and country specificities. It examines the vulnerabilities associated with high household debt for households, the financial system and the wider economy.

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  • 22-July-2015

    English

    Enhancing the financing of the real economy and financial stability in the United Kingdom

    The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting both weak demand and tighter supply. New prudential requirements have improved the resilience of the banking sector and a number of measures were taken to support credit supply.

  • 22-July-2015

    English

    Restoring the financial sector and corporate deleveraging in Slovenia

    Excessive credit growth, poor risk assessment and lax lending standards in the run up to the 2008 global crisis led to unsustainable debt build-up in banks and related corporates.

  • 22-July-2015

    English

    Luxembourg - addressing new challenges in a major financial sector

    Over the last two and a half decades, Luxembourg’s financial sector emerged as a leading international hub for asset management and investment funds and became a key contributor to growth.

  • 17-June-2015

    English

    Finance and inclusive growth: How to restore a healthy financial sector that supports long-lasting, inclusive growth?

    Finance is a vital ingredient of economic growth, but there can be too much of it. Over the past 50 years, credit by banks and other institutions to households and businesses has grown three times as fast as economic activity. At these levels, further expansion is likely to slow long-term growth and raise inequality.

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  • 29-May-2015

    English

    The stabilisation properties of immovable property taxation: evidence from OECD countries

    This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy.

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  • 30-April-2015

    English

    Maintaining an efficient and equitable housing market in Belgium

    Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average.

  • 29-April-2015

    English

    Efficiency and contestability in the Colombian banking system

    Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms.

  • 29-April-2015

    English

    Fiscal decentralisation in Colombia: new evidence regarding sustainability, risk sharing and "fiscal fatigue"

    Colombia has engaged in a sustained process of fiscal decentralisation over the past decades. Evidence is presented that the current framework is conducive to fiscal sustainability, especially after the reforms in the late 1990s and early 2000s.

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