Latest Documents


  • 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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  • 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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  • 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.

  • 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.

  • 9-December-2010

    English

    Fiscal-consolidation strategies for Canadian governments

    Although Canada remains in an advantageous fiscal position relative to many other OECD countries as the global economy recovers from the 2008/09 recession, the deterioration in the country’s public finances has been substantial.

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  • 9-December-2010

    English

    The 2008-09 crisis in Turkey: performance, policy responses and challenges for sustaining the recovery

    Turkey is recovering from its most severe recession in several decades.

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  • 9-December-2010

    English

    Regulatory reforms to unlock long–term growth in Turkey

    In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.

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