International capital mobility and financial fragility. Part 7 . Enhancing financial stability. Country-specific evidence on financial account and structural policy positions
Ahrend, Rudiger ; Valdivial, Carla
Organisation for Economic Co-operation and Development, Paris
OECD Publishing - Paris
2012
54 p.
economic recession ; financial policy ; government policy ; regulation
developing countries ; OECD countries
Economics Department Working Paper
970
Business economics
English
Bibliogr.
"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."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.