Latest Documents


17-September-2010

English

Finance: review of causes and management of the crisis

At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.

13-September-2010

English

Economic Survey of Canada 2010

The economy is recovering from an externally driven recession. Public spending growth must be restrained as planned starting in 2011 to put public finances onto a sustainable path, including in the health sector where efficiency gains and quality improvements are possible.

30-July-2010

English

The Korean financial system: overcoming the global financial crisis and addressing remaining problems

The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in its capital markets.

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27-July-2010

English

Are global imbalances sustainable? Post-crisis scenarios

This paper assesses the sustainability of global imbalances by testing for the presence of unit roots in the current account positions of the United States, China, Japan, Germany and the oil-exporting countries using a methodology that allows for structural breaks in levels and trends.

22-July-2010

English

European Union: Catching up and inflation: Balassa-Samuelson, Engel’s law and other culprits

This study analyses the impact of economic catching up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.

22-July-2010

English

Poland: Preparing for euro adoption

The paper focuses on the major structural reforms necessary to prepare for euro adoption that should allow a sustainable fulfilment of the Maastricht criteria and maximisation of the ensuing various benefits.

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19-July-2010

English

Economic Survey of South Africa 2010

The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.

15-July-2010

English, , 117kb

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

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15-July-2010

English

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

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5-July-2010

English

The German Banking System: Lessons from the Financial Crisis

The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, as discussed in this working paper.

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