Publications & Documents


17-December-2010

English

Product market regulation and competition in China

The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.

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17-December-2010

English

Reforming China’s monetary policy framework to meet domestic objectives

As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates.

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16-December-2010

English

Real house prices in OECD countries: the role of demand shocks and structural and policy factors

This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005.

15-December-2010

English

Current account imbalances in the euro area: a comparative perspective

This paper considers the increase in current account imbalances in euro area countries since the early 1990s.

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15-December-2010

English

International financial integration and the external positions of euro area countries

This paper describes the dynamics of the external positions of euro area countries since the formation of EMU.

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15-December-2010

English

Minimising risks from imbalances in European banking

The euro area financial system took excessive risks during the global credit boom, which in some countries led to an unsustainable increase in credit, higher asset prices and housing booms.

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15-December-2010

English

Resolving and avoiding unsustainable imbalances in the euro area

Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important weaknesses in the macroeconomic management of the monetary union.

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15-December-2010

English

Improving fiscal performance through fiscal councils

There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance.

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14-December-2010

English

Fiscal decentralisation and public investment: The experience of Latin America

Despite large differences across countries, Latin America’s average investment-to-GDP ratio and the overall quality of infrastructure in the region are relatively low by international comparison.

14-December-2010

English

Does fiscal decentralisation strengthen social capital? Cross-country evidence and the experiences of Brazil and Indonesia

This paper tests the hypothesis that, by giving people more voice in the government decision-making process, fiscal decentralisation fosters social capital, measured in terms of interpersonal trust.

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