Uganda has placed the fight against corruption high on the development agenda by establishing a range of anti-corruption institutions and strategies. The Uganda third National Integrity Survey, released in 2008 by the Inspectorate of Government, recommended that if Uganda was to make real...

This paper describes the Danish mortgage system by comparing it with the UK mortgage system. The Danish mortgage system has attracted attention in the literature on the design of mortgage systems. It is a type of narrow banking model where mortgage loans are financed by specialised institutions...

[fre] À la suite de la crise du « subprime », de multiples propositions de réformes ont été avancées dans le domaine de la notation financière externe. Si bon nombre de ces propositions sont pertinentes ou mériteraient d’être étudiées plus en détail, on peut toutefois regretter...

[ger] Der intertemporale haushaltsmässige Zwang in der öffentlichen Verwaltung : die Folgen für die Veranschlagung der öffentlichen Def izite, . von Michel Dietsch, Olivier Garnier.. . Die durch das Ansteigen der öffentlichen Verschuldung hervorgerufenen Bedenken sind zweifacher Art....

We investigate the extent to which it is possible to detect asset-price booms and banking crises according to alternative identification strategies and we assess their robustness. We find some evidence that house price-booms are more likely to turn into costly recession or to trigger a banking...

We develop a dynamic general equilibrium model for the positive and normative analysis of macroprudential policies. Optimizing financial intermediaries allocate their scarce net worth together with funds raised from saving households across two lending activities, mortgage and corporate lending....

type="main" <p>Using a wide range of macroeconomic and econometric models we assess the long-term economic impact of the Basel III reform. Our main results are the following. (1) The economic costs of the new regulatory standards for bank capital and liquidity are considerably below existing...</p>

The current financial crisis has revived the interest for monitoring both monetary and credit developments. Over the past two decades, consistent with the adoption of inflation targeting strategies by a growing number of central banks and the development of New Keynesian models for which...

Monetary union can benefit countries suffering from policy credibility problems if it eliminates the inflation bias and also allows for more efficient management of certain shocks. But it also carries costs as some stabilization may be feasible even in the absence of credibility, and this may be...