Latest Documents

  • 15-December-1995

    English, , 619kb

    Establishing financial discipline: experience with bankcruptcy legislation in Central and Eastern European countries

    A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.

  • 18-November-1994

    English, , 306kb

  • 18-June-1994

    English, , 524kb

    Monetary policy credibility and price uncertainty: the New Zealand experience of inflation targeting

    This articles assesses the contributions to price-related uncertainty in New Zealand arising from the legislation of anti-inflation policies and the introduction of inflation targets. OECD Economic Studies No. 22.

  • 23-May-1993

    English, , 1,045kb

  • 23-May-1993

    English, , 605kb

  • 29-May-1992

    English, , 697kb

    Institutional commitments and policy credibility: a critical survey and empirical evidence from the ERM

    There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.

  • 10-November-1991

    English, , 389kb

    Stock market volatility in OECD countries: recent trends, consequences for the real economy, and proposals for reform

    Econometric testing suggests that the trend towards increasing volatility of equity prices has not had strong effects on economic activity. OECD Economic Studies No. 17.

  • 10-November-1991

    English, , 607kb

    Real interest rate trends: the influence of saving, investment and other factors

    An examination of factors underlying saving, investment and real interest rates over recent decades suggests that high real interest rates over recent decades suggests that high real interst rates may continue to prevail. Is this a cause for concern? OECD Economic Studies No. 17.

  • 20-November-1990

    English, , 2,398kb

    Portfolio effects and the position of the dollar in exchange markets

    A flow measure suggests that the growth of global portfolios could continue to translate into an important demand for new dollar assets, albeit not sufficient to cover fully the expected financing need. OECD Economic Studies No. 15.

  • 20-November-1990

    English, , 2,138kb

    Monetary policy in liberalised financial markets

    The rapide progress of financial market deregulation has been accompanied by new and longer-run challenges for monetary policy. OECD Economic Studies No. 15.

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