International capital mobility and financial fragility: Part 6. Are all forms of financial integration equally risky in times of financial turmoil? Asset price contagion during the global financial crisis

Using the 2008-09 global financial crisis, this paper examines the role of different forms of international financial integration for asset price contagion in crisis times.

International capital mobility and financial fragility: Part 5. Do investors disproportionately shed assets of distant countries under increased uncertainty? Evidence from the global financial crisis

The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant locations.

International capital mobility and financial fragility: Part 3. How do structural policies affect financial crisis risk? Evidence from past crises across OECD and emerging economies

This paper examines how structural policies can influence a country's risk of suffering financial turmoil.

International capital mobility and financial fragility: Part 4. Which structural policies stabilise capital flows when investors suddenly change their mind? Evidence from bilateral bank data

The global financial crisis of 2007-09 and the ensuing sovereign debt crisis in Europe provide evidence that portfolio rebalancing of financial investors can contribute to spread financial turmoil across countries.

International Capital Mobility: Which Structural Policies Reduce Financial Fragility? OECD Economic Policy Papers, No. 2

International capital mobility: Which structural policies reduce financial fragility? OECD Economic Policy Papers, No. 2

Credit crises and the shortcomings of traditional policy responses

Economic downturns which have their roots in preceding credit excesses and debt overhang have tended historically to be long lasting, whether the financial sector remained healthy or not.

Economics Department Policy Notes

These series of Policy Notes and Policy Papers are designed to make available, to a wider readership, selected studies which the Department has prepared for use within OECD.

Capital flows and financial fragility

This project explores how the structure of international capital flows drives financial fragility, and examines how policies can help increase financial stability.

Ensuring stability and efficiency of the Hungarian financial sector

Loan creation has not recovered after the crisis owing to a combination of demand and supply factors.

Related Documents

• Economic Survey of Hungary 2012

Promoting inclusive growth: Challenges and policies

How to design appropriate policies to strengthen growth and make it inclusive and sustainable over time? The policy issues highlighted in this volume - financial development,social policies, innovation, regulation and political economy issues - are relevant to all countries.