Establishing financial discipline: experience with bankcruptcy legislation in Central and Eastern European countries

A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.

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Social Policy Studies: Private Pensions in OECD Countries: Canada No. 15

Given their ageing populations, OECD countries are beginning to re-examine the balance between public and private provisions for income in retirement. There is considerable interest in increasing the contribution from private sources. However, wh...

Costs and benefits of moving from low inflation to price stability

What are the benefits - and costs - of zero inflation? OECD Economic Studies No. 23.

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Monetary policy credibility and price uncertainty: the New Zealand experience of inflation targeting

This articles assesses the contributions to price-related uncertainty in New Zealand arising from the legislation of anti-inflation policies and the introduction of inflation targets. OECD Economic Studies No. 22.

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Adjustment under fixed exchange rates: application to the European Monetary Union

What are the indications for countries entering into the European Monetary Union? OECD Economic Studies No. 20.

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The stock market and investment

What is the relationship between inefficient share pricing and investment? OECD Economic Studies No. 20.

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Institutional commitments and policy credibility: a critical survey and empirical evidence from the ERM

There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.

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Stock market volatility in OECD countries: recent trends, consequences for the real economy, and proposals for reform

Econometric testing suggests that the trend towards increasing volatility of equity prices has not had strong effects on economic activity. OECD Economic Studies No. 17.

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Real interest rate trends: the influence of saving, investment and other factors

An examination of factors underlying saving, investment and real interest rates over recent decades suggests that high real interest rates over recent decades suggests that high real interst rates may continue to prevail. Is this a cause for concern? OECD Economic Studies No. 17.

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Portfolio effects and the position of the dollar in exchange markets

A flow measure suggests that the growth of global portfolios could continue to translate into an important demand for new dollar assets, albeit not sufficient to cover fully the expected financing need. OECD Economic Studies No. 15.

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