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  • 1
    Online Resource
    Online Resource
    Approaches to metropolitan area governance : a country overview (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (21 S.)
    Series Statement: OECD regional development working papers 2014/03
    Keywords: Ballungsraum ; Kommunalverwaltung ; OECD-Staaten ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur ; Länderbericht
    Abstract: This paper provides an overview of country specific approaches to metropolitan area governance. It provides brief descriptions of the typical structures of metropolitan governance, with a particular focus on the involved organisations. It points out metropolitan areas that have unusual governance arrangements, but generally does not emphasise individual cases. The paper aims to give a descriptive overview of governance structures while abstaining from evaluating their performance.
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    DOI: 10.1787/5jz5j1q7s128-en
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  • 2
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    Does regional economic growth depend on proximity to urban centres? (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (23 S.) , graph. Darst., Kt.
    Series Statement: OECD regional development working papers 2014/07
    Keywords: 1995 - 2010 ; Bevölkerungsdichte ; Regionale Wirtschaftsstruktur ; Räumliche Verteilung ; Regionales Wachstum ; Europa ; Governance ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: This paper analyses the spatial patterns of regional economic growth in Europe over the 1995 to 2010 period. It finds that regions, which contain large urban agglomerations, have been growing significantly faster than those that do not. Furthermore, proximity to large urban agglomerations has been positively correlated to economic growth. Halving travel time to a large urban agglomeration is associated with a 0.2 to 0.4 percentage points increase in annual per capita growth. More generally, the study also shows that measures of population density are positively correlated to growth. Among the different measures, by far the best predictor of growth between 1995 and 2010 is the maximum population density of a region.
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    DOI: 10.1787/5jz0t7fxh7wc-en
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  • 3
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    What makes cities more productive? : evidence on the role of urban governance from five OECD countries (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (32 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/05
    Keywords: 1998-2011 ; Ballungsraum ; Agglomerationseffekt ; Produktivität ; Kommunalverwaltung ; Vergleich ; Deutschland ; Mexiko ; Spanien ; Großbritannien ; USA ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: This paper estimates agglomeration benefits based on city productivity differentials across five OECD countries (Germany, Mexico, Spain, United Kingdom, and United States). It highlights the relationship between cities’ governmental fragmentation and productivity, and represents the first empirical analysis of how metropolitan governance structures affect this relationship. The comparability of results in a multi-country setting is supported through the use of Functional Urban Areas – an internationally harmonised definition of cities based on economic linkages rather than administrative boundaries. In line with the previous literature, the analysis confirms that city productivity tends to increase with city size; doubling city size is found to be associated with an increase in productivity of between two and five percent. What is more, city productivity is positively associated with the population size of nearby cities. On the governance side, the paper finds that cities with fragmented governance structures tend to have lower levels of productivity. For a given population size, a metropolitan area with twice the number of municipalities is associated with around six percent lower productivity; an effect that is mitigated by almost half by the existence of a governance body at the metropolitan level.
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    DOI: 10.1787/5jz432cf2d8p-en
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  • 4
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    The OECD Metropolitan Governance Survey : a quantitative description of governance structures in large urban agglomerations (2014)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (49 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/04
    Keywords: Ballungsraum ; Kommunalverwaltung ; Datenerhebung ; OECD-Staaten ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Even though metropolitan areas account for half of the population, and an even larger share of economic activity of OECD countries, almost no systematic information on governance structures in these areas exists. This study – based on a novel data set – gives an overview of governance arrangements in OECD metropolitan areas. It shows that organisations dedicated to metropolitan area governance are common, but often have little powers. Nevertheless, the existence of such organisations is related with better performance on a range of important outcome variables, such as public transport systems, environmental issues, and urban sprawl.
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    DOI: 10.1787/5jz43zldh08p-en
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  • 5
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    A sub-national perspective on financing investment for Growth II : creating fiscal space for public investment ; the role of institutions (2014)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/06
    Keywords: Öffentlicher Haushalt ; Teilstaat ; Öffentliche Investition ; Öffentliche Dienstleistung ; Institutionenökonomik ; Finanzbeziehungen ; OECD-Staaten ; Governance ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic performance depend on an adequate provision of public services, which require public facilities and thus public investment. Ensuring that sub-national governments command the resources for necessary public investment is hence important. While in the immediate, the fiscal space of a SNG for public investment is basically determined by its current fiscal capacities, in a longer-term perspective the evolution of fiscal space comes to depend increasingly on the institutional context. This includes the national framework of fiscal relations across levels of government, the nature and characteristics of SNGs’ revenue sources and spending responsibilities, SNGs resilience to crises, and their structural ability to borrow. This paper explores the institutional ability of SNGs to influence their fiscal space for public investment. In this context, it also analyses the main challenges to be faced by SNG finances in the decades to come, as well as recent reforms implemented by SNGs to tackle these specific issues.
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    DOI: 10.1787/5jz3zvxc53bt-en
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  • 6
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    Online Resource
    Lódzkie region : demographic challenges within an ideal location (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (56 S.) , graph. Darst.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/05
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/05
    Keywords: Kommunale Entwicklung ; Bevölkerungsentwicklung ; Lodz ; Social Issues/Migration/Health ; Urban, Rural and Regional Development ; Industry and Services ; Poland ; Arbeitspapier ; Graue Literatur
    Abstract: This paper outlines the findings of the Poland case study of the Lódzkie region for the international project, Local scenarios of demographic change. The Lódzkie region is located in the central part of Poland, at the intersection of several major arterial roads; Berlin-Moscow and Gdansk-Vienna. Despite the excellent location, the region is affected by several demographic challenges, partly related to the region’s proximity to Warsaw, the Polish capital city. The official strategic documents for regional development have been focused on “hard” infrastructure development, with limited attention being paid to current or future demographic and social challenges, such as the declining and ageing population, which pose significant obstacles to future regional development. Profound public interest in demographic change, however, has resulted in the creation of a plan for 2013-2014 to forestall this predicted depopulation, and also, in the preparation of a demographic development strategy for the following years.
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    DOI: 10.1787/5k4818gt720p-en
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  • 7
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    Green growth in the Benelux : indicators of local transition to a lowcarbon economy in cross-border regions (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (141 S.) , graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/09
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/09
    Keywords: Nachhaltige Entwicklung ; Treibhausgas-Emissionen ; Grenzüberschreitende Umweltbelastung ; Benelux-Staaten ; Environment ; Urban, Rural and Regional Development ; Industry and Services ; Belgium ; Luxembourg ; Netherlands ; Arbeitspapier ; Graue Literatur
    Abstract: This paper discusses the results of a study of measuring green growth in the Benelux countries (Belgium, The Netherlands and Luxembourg). The study paid particular attention to the challenges of measuring the transition to a low-carbon economy in cross-border areas as they have additional levels of complexity when it comes to measuring and monitoring their low-carbon transition. In cross- regions data collection hardly ever coincide with any single data gathering ‘institution’. Moreover, Belgium (Flanders, Brussels, Wallonia), the Netherlands, and Luxembourg have different indicator systems at the national level, and even more so at the more decentralised level which creates problems of data availability, data (in)consistency, and hence comparability. Progress is already noticeable in the two crossborder areas analysed in the study. In Ghent-Terneuzen the bio-base economy is contributing to the value of turnover and growth in employment in the environmental goods and services (EGS) sectors. In Alzette-Belval the construction industry is engaging in resource-efficient building design and certification. In other aspects there is evidence of progress, but this evidence is anecdotal, or patchy in its collection, and not able to be included in the dashboard metrics developed during the study and discussed in the paper.
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    DOI: 10.1787/5k453xgh72ls-en
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  • 8
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    Online Resource
    Passing the buck? : central and sub-national governments in times of fiscal stress (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (33 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2013/05
    Keywords: 2007 - 2009 ; Finanzkrise ; Regionalregierung ; Öffentliche Schulden ; Schuldenübernahme ; Finanzpolitik ; Governance ; Urban, Rural and Regional Development ; Arbeitspapier ; Graue Literatur
    Abstract: The paper explores interrelations between the fiscal situation of sub-national and central governments, or – put differently – whether and how sub-national and central governments contribute to each other’s fiscal difficulties. The first part of the paper examines sub-national government policies that may negatively affect the fiscal situation of the central government. Based on a new cross-country data-set at the level of individual regions, it examines structural factors that increase the probability of sub-national entities accumulating amounts of debt that may ultimately turn out to be unsustainable. The underlying idea is to explore to what degree such debt levels could result from moral hazard-driven behaviour at the regional level. The second part of the paper examines whether and how national governments hand the burden of fiscal adjustment down to sub-national levels, mainly looking at examples from the wave of fiscal adjustments in the wake of the 2007-09 global financial crisis.
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    DOI: 10.1787/5k49df1kr95l-en
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  • 9
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    Online Resource
    Measuring the potential of local green growth : an analysis of Greater Copenhagen (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (129 S.) , Ill., graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/01
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/01
    Keywords: Nachhaltige Stadtentwicklung ; Kopenhagen ; Industry and Services ; Denmark ; Arbeitspapier ; Graue Literatur
    Abstract: As the need to address the impacts of climate change becomes more urgent and the subsequent green momentum continues to gather pace, individual governments and companies are transitioning to a low-carbon economy. This transition to a low-carbon economic and industrial future is taking place in a highly uncertain and competitive marketplace. With many countries and cities seeking to give their own domestic companies a head start as closer attention is paid to this low carbon transition, indicators are becoming increasingly important as a mechanism to inform the development of programmes designed to generate green economic growth. This paper presents, for the first time a local ‘green growth’ indicator framework. This indicator framework was developed from the OECD ‘green growth’ strategy at the national level, but modified to highlight issues of transition that are most relevant for local areas. This working paper is the first trialling of this approach, along with an indicator visualisation tool – or dashboard. The dashboard allows easy assessment of the progress of a particular local area in a number of indicator variables. The paper discussed results for the analysis of Copenhagen and its cleantech cluster.
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    DOI: 10.1787/5k4dhp0xzg26-en
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  • 10
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    Online Resource
    Malopolska region demographic transition : working for the future (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (92 S.) , graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/06
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/06
    Keywords: Bevölkerungsentwicklung ; Kleinpolen ; Social Issues/Migration/Health ; Urban, Rural and Regional Development ; Industry and Services ; Poland ; Arbeitspapier ; Graue Literatur
    Abstract: This paper outlines the findings of the Poland case study of the Malopolska region for the international project, Local scenarios of demographic change. The Malopolska region is located in the southern part of Poland, boarding Slovakia, and was created in 1999 from voivodship amalgamations of Krakow, Nowy Sacz, and parts of Bielsko-Biala, Kielce, Katowice, Krosno and Tarnów. Although the population size will not change dramatically over the next few years, the consequences of population ageing are and will be challenging. The region has much potential in various sectors that can be exploited in preparation for the demographic transition. The paper presents various examples of initiatives and projects related to demographic issues (older workers, older persons, and families), however, awareness of demographic challenges and the need for better policy implementation are key priorities at the regional/local level.
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    DOI: 10.1787/5k4818gwg2jk-en
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  • 11
    Online Resource
    Online Resource
    Pomorskie region : responding to demographic transitions towards 2035 (2013)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (68 S.) , graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/07
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/07
    Keywords: -2050 ; Bevölkerungsentwicklung ; Pommern ; Social Issues/Migration/Health ; Urban, Rural and Regional Development ; Industry and Services ; Poland ; Arbeitspapier ; Graue Literatur
    Abstract: This paper outlines the findings of the Poland case study of the Pomorskie region for the international project, Local scenarios of demographic change. The Pomorskie region is located in the northern part of Poland on the coast of the Baltic Sea, regional boarders were established during the 1999 administrative reforms. Despite the region experiencing population growth, there is a growing share of elderly people in the social structure and the number of people in the pre-working age is decreasing. Although the authorities are aware of the demographic challenges, local and regional policy must be applied to manage the demographic transition, with emphasis being placed on infrastructure and services for the ageing population, developing the silver economy, encouraging life-long learning and examining the opportunities provided by being within the Baltic Sea region.
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    DOI: 10.1787/5k48189zpsmw-en
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  • 12
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    Online Resource
    Demographic transition and an ageing society : implications for local labour markets in Poland (2013)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource (154 S.) , graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/08
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/08
    Keywords: Bevölkerungsentwicklung ; Alternde Bevölkerung ; Regionaler Arbeitsmarkt ; Polen ; Social Issues/Migration/Health ; Urban, Rural and Regional Development ; Industry and Services ; Poland ; Arbeitspapier ; Graue Literatur
    Abstract: This report outlines the findings of the Poland case study for the combined study regions of Lódzkie, Malopolska and Pomorskie for the international project, Local scenarios of demographic change. The demographic situation is changing significantly within Poland with two major trends occurring, population decline and population ageing, as a result of decreasing fertility rates and increased life expectancy. However, the Polish case study revealed the complexity of demographic challenges with each region experiencing different issues associated with socio-economic context such as: population ageing experienced in all three study regions; and population shrinkage in Lódzkie. These differences in demographic situations require a territorial, local and regional strategy co-ordinated policy response with national policy efforts. Policy themes and recommendations focus on sustainable economic development, family policy, ageing workforce, silver economy, and skills and education.
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    DOI: 10.1787/5k47xj1js027-en
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  • 13
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    Online Resource
    Demographic change in the Netherlands : strategies for resilient labour markets (2013)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (43 S.) , graph. Darst., Kt.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2013/13
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2013/13
    Keywords: 1960 - 2010 ; Demographie ; Niederlande ; Social Issues/Migration/Health ; Industry and Services ; Netherlands ; Arbeitspapier ; Graue Literatur
    Abstract: Although the Netherlands population is increasing, the population growth rate, even if fluctuating considerably, has been declining since the 1960s. The Netherland’s age structure since the 1960s has also experienced change such as declining youth, significant increase in 40 to 65 age group, and gradual increases in the 65 to 80+ cohorts. As a result of the changing demography the workforce will be older and this will impact upon the labour market, increasing the number of older workers and reducing the number of new entrants into the labour market. The Netherlands case study revealed the complexity of the demographic challenges occurring within the regions, with each region (Groningen/Drenthe, Limburg and Zeeland) experiencing different issues associated with their socio-economic situations, localised population shrinkage, population ageing, migration, and labour force shortages and skill gaps. The analysis indicate that the Netherlands’ response to demographic change is well advanced, but additional actions can be undertaken, particularly regarding the shrinking and ageing society, and especially within the context of regional and local labour markets.
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    DOI: 10.1787/5k3xnhvzhmxn-en
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  • 14
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    Online Resource
    International capital mobility : which structural policies reduce financial fragility? ; a going for growth report (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource (PDF-Datei: 39 S., 0.94 MB) , graph. Darst.
    Series Statement: OECD economic policy papers 2
    Keywords: Kapitalmobilität ; Finanzkrise ; Wirtschaftliche Anpassung ; Economics ; Arbeitspapier ; Graue Literatur
    Abstract: The structure of a country’s external liabilities, as well as the extent and nature of its international financial integration are key determinants of its vulnerability to financial crises. This is confirmed by new empirical analysis covering OECD and emerging economies over the past four decades. For example, a bias in gross external liabilities towards debt has raised crisis risk. The same holds for "currency mismatch" which refers to a situation where a country's foreign-currency denominated liabilities are large compared to its foreign-currency denominated assets. In addition, international banking integration has been a major vector of contagion, and even more so when cross-border bank lending was primarily short-term. Vulnerability to contagion has been lower when global liquidity has been abundant, underlining the importance of major central banks ensuring ample international liquidity at times of financial turmoil. Structural policies can increase financial stability, typically through their effects on the composition of the external financial account or on the vulnerability to contagion-induced financial shocks. Lower barriers on foreign direct investment and lower product market regulations have increased financial stability by shifting external liabilities from debt towards FDI. In contrast, tax systems that favour debt finance over equity finance have undermined stability by increasing the share of debt, including external debt, in corporate financing. Targeted capital controls on inflows from credit operations have reduced the impact of financial contagion, not least by shifting the structure of external liabilities. Stricter information disclosure rules or capital requirements, and strong supervisory authorities have also reduced countries' financial crisis risk.
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    DOI: 10.1787/5k97gkcv5z27-en
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  • 15
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    Skills development pathways in Asia (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: OECD Local Economic and Employment Development (LEED) working papers 2012/12
    Series Statement: OECD Local Economic and Employment Development (LEED) Papers no.2012/12
    Keywords: Qualifikation ; Berufsbildungspolitik ; Asien ; Education ; Employment ; Industry and Services ; Arbeitspapier ; Graue Literatur
    Abstract: Skills and educational development for inclusive and sustainable growth are becoming significant drivers in OECD countries. Asian countries are not lagging behind on the challenge; on the contrary, they are taking diverse pathways in skills training and education to achieve the end. This report focuses on current efforts in 15 countries in the Asian region: Australia, Cambodia, China, Hong Kong, China, India, Japan, Korea, Malaysia, Mongolia, Nepal, Pakistan, the Philippines, Singapore, Thailand and Viet Nam. Together, these countries represent one of the most dynamic regions in the world, with steady growth, even during the recent financial crisis.
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    DOI: 10.1787/5k94hdlll7vk-en
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  • 16
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    Which structural policies stabilise capital flows when investors suddenly change their mind? : evidence from bilateral bank data (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 4
    Series Statement: OECD Economics Department working papers 967
    Series Statement: International capital mobility and financial fragility
    Keywords: Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: 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. Rebalancing of portfolios, in turn, may be driven by the need to meet liquidity or capital requirements, or by sudden changes in investor sentiment. This paper tests explicitly for the change-insentiment channel of financial contagion. Using bilateral bank data and an instrumental variables technique that allows focusing on changes in investors’ country assessments that are unrelated to fundamentals, changes in investor sentiment are indeed found to drive capital flows. Sentiment-driven capital flows are found to be smaller in countries with a tougher regulatory stance, such as stricter banking supervision or enhanced financial transparency.
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    DOI: 10.1787/5k97fmss637j-en
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  • 17
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    Online Resource
    How do structural policies affect financial crisis risk? : evidence from past crises across OECD and emerging economies (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 3
    Series Statement: OECD Economics Department working papers 966
    Series Statement: International capital mobility and financial fragility
    Keywords: Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper examines how structural policies can influence a country's risk of suffering financial turmoil. Using a panel of 184 developed and emerging economies from 1970 to 2009, the empirical analysis examines which structural policies can affect financial stability by either shaping the financial account structure, by reducing the risk of international financial contagion, or by directly reducing the risk of financial crises. Differentiated capital controls are found to affect financial stability via the structure of the financial account. Moreover, a number of structural policies including regulatory burdens on foreign direct investment, strict product market regulation, or tax systems which favour debt over equity finance are found to bias external financing towards debt, thereby increasing financial crisis risk. By contrast, more stringent domestic capital adequacy requirements for banks, greater reliance of a domestic banking system on deposits, controls on credit market inflows, and openness to foreign bank entry are found to reduce the vulnerability to financial contagion. Finally, vulnerability to international bank balance-sheet shocks is found to be lower in situations of abundant global liquidity, underlining the importance of adequate central bank reactions in situations of financial turmoil.
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    DOI: 10.1787/5k97fmtj5vtk-en
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  • 18
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    Enhancing financial stability : country-specific evidence on financial account and structural policy positions (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 7
    Series Statement: OECD Economics Department working papers 970
    Series Statement: International capital mobility and financial fragility
    Keywords: Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: This paper brings together the results from new empirical analysis on how – under international capital mobility – financial account structure and structural policies can contribute to financial stability. More specifically, the analysis has identified features of financial accounts and structural policy settings that are associated with financial fragility, and this paper presents information on these features and policy settings across a wide set of countries. A first set of charts present stability-relevant dimensions of the financial account for OECD economies and the BRIICS. A second set of charts shows how countries' financial account structure evolved in the decade prior to the global financial crisis, highlighting substantial increases in financial vulnerability in countries that were subsequently strongly affected by the crisis. Finally, a third set of charts presents countries' stances on selected structural policies that are conducive to financial stability.
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    DOI: 10.1787/5k97b0b1wz8x-en
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  • 19
    Online Resource
    Online Resource
    Drivers of systemic banking crises : the role of bank-balance-sheet contagion and financial account structure (2012)
    Paris : OECD
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    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 1
    Series Statement: OECD Economics Department working papers 902
    Series Statement: International capital mobility and financial fragility
    Keywords: Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5kg3k8ksgglw-en
    URL: Volltext
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  • 20
    Online Resource
    Online Resource
    Are all forms of financial integration equally risky in times of financial turmoil? : asset price contagion during the global financial crisis (2012)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 6
    Series Statement: OECD Economics Department working papers 969
    Series Statement: International capital mobility and financial fragility
    Keywords: Economics ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Abstract: 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. Defining contagion as the transmission of financial market movements beyond the co-movements that would occur in “tranquil” times, the paper looks into the presence of contagion in the period of turmoil prior to the fall of Lehman Brothers, in the main crisis period following the Lehman collapse, and in the ensuing late stages of the crisis. The analysis uses bilateral financial and trade linkages and daily data on equity and bond prices for a sample of 46 countries between 2002 and 2011. Bilateral debt integration and common bank lenders are found to have transmitted financial turmoil through equity and bond markets at the height of the crisis. During this period, real trade linkages also increased equity price co-movements. By contrast, no robust evidence is found that equity or FDI integration increased asset price co-movements during the crisis.
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5k97b0lbdq40-en
    URL: Volltext
    URL: lizenzpflichtig
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  • 21
    Online Resource
    Online Resource
    The demand for safe assets in emerging economies and global imbalances : new empirical evidence (2012)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: International capital mobility and financial fragility 2
    Series Statement: OECD Economics Department working papers 903
    Series Statement: International capital mobility and financial fragility
    Keywords: Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5kg3k8kk0x9s-en
    URL: Volltext
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    MPI Ethno. Forsch.
  • 22
    Online Resource
    Online Resource
    The sharing of macroeconomic risk : who loses (and gains) from macroeconomic shocks (2011)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: OECD Economics Department working papers 877
    Keywords: Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5kg8hw5467wd-en
    URL: Volltext
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  • 23
    Online Resource
    Online Resource
    How institutions shape the distributive impact of macroeconomic shocks : a DSGE analysis (2011)
    Paris : OECD
    Details
    Language: English
    Pages: Online-Ressource , graph. Darst.
    Series Statement: OECD Economics Department working papers 884
    Keywords: Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Note: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
    DOI: 10.1787/5kg84x0155s0-en
    URL: Volltext
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    MPI Ethno. Forsch.
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