While China’s overall debt-to-GDP ratio is not particularly high, its non-financial corporate debt relative to GDP is higher than in other major economies.
In a growing number of OECD countries policymakers are designing specific regulations for lending-based crowdfunding platforms.
The euro area sovereign debt crisis highlighted important weaknesses in the euro area design. Fiscal policy did not build sufficient buffers before the crisis, which forced some countries to tighten fiscal policy too rapidly during the downturn to restore market confidence in sovereign borrowing.
Well-being is high in Canada, and the economy has regained momentum, supported by a rebound in exports and strengthening business investment. Macroeconomic policies are gradually becoming less stimulatory, and budget policies are sustainable in the long term, although difﬁ culties remain at the provincial level.
Poland’s productivity has grown strongly over the past two decades. However, the public and private capital stock is weak, and investment remains focused on the adoption of existing technologies, which weighs on future productivity gains and innovation.
Financial inclusion and women entrepreneurship concern policymakers because of their impact on job creation, economic growth and women empowerment.
Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years.
This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies.
How has policy responded since the crisis: with re-regulation or continued liberalisation?
Tax reforms are crucial to promoting inclusive growth in India.