Latest Documents


  • 25-November-2011

    English

    Overcoming the banking crisis in Ireland

    Ireland is recovering from an extremely large banking crisis born of over-exuberant property lending. The government has taken a wide range of measures to tackle the crisis over the past 3 years.

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  • 27-October-2011

    English

    The demand for safe assets in emerging economies and global imbalances: new empirical evidence

    Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances.

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  • 27-October-2011

    English

    Drivers of systemic banking crises: the role of bank-balance-sheet contagion and financial account structure

    This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil.

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  • 26-October-2011

    English

    Explaining the appreciation of the Brazilian real

    This paper seeks to identify factors explaining the appreciation of the Brazilian real observed since 2003, which was temporarily interrupted only during episodes of financial turbulence.

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  • 26-October-2011

    English

    Refining macroeconomic policies to sustain growth in Brazil

    This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment.

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  • 28-July-2011

    English

    Can India achieve double-digit growth?

    In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.

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  • 28-July-2011

    English

    How institutions shape the distributive impact of macroeconomic shocks: a DSGE analysis

    This paper examines how the the distributive impact of macroeconomic shocks is shaped by selected institutions. It uses a dynamic stochastic general equilibrium (DSGE) framework with heterogeneous agents and an endogenous collateral constraint.

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  • 5-July-2011

    English

    Financial sector reform in India: time for a second wave?

    The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business.

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  • 4-July-2011

    English

    The sharing of macroeconomic risk: who loses (and gains) from macroeconomic shocks

    This paper addresses the often neglected question of how macroeconomic risk is shared across and within economies, and identifies reforms that could contribute towards achieving more desirable risk-sharing outcomes.

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  • 25-May-2011

    English, , 342kb

    EO89 Special Chapter: Medium and long-term developments: Challenges and risks

    The recovery is projected to strengthen in the near term, but there are concerns about the longer-term legacy of the crisis, particularly because of the emergence of unsustainable fiscal imbalances as well as the possible damage to long-term growth prospects.

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