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The Market for Borrowing Corporate Bonds
[2010-08-31]
This paper describes the market for borrowing corporate bonds using a comprehensive dataset from a major lender. The cost of borrowing corporate bonds is comparable to the cost of borrowing stock, between 10 and 20 basis points per year. Fa...
Key Indicators for Asia and the Pacific 2010
[2010-08-26]
Key Indicators for Asia and the Pacific 2010 (Key Indicators 2010), the 41st edition of this series, is a statistical data book presenting economic, financial, social, and environmental indicators for the 48 regional members of the Asian De...
The effects of Banking crises on Potential output in OECD Countries
[2010-08-16]
Simple time series models looking for the effect of financial crises on output generally find that they reduce the sustainable level of output permanently. However, not all crises are the same, with some being caused by recessions and other...
The Battle Over the Bush Tax Cuts
[2010-08-04]
The issue currently gets framed as ‘What do we do about the Bush tax cut?’ The bigger issue is really ‘How do we best stimulate the economy right now?’ The Bush tax cut, generally, is not the best way to stimulate the economy. Certainly...
The European debt crisis: implications for Asia and the Pacific
[2010-08-27]
Asia-Pacific economies are increasingly concerned about the impact of the public debt crisis in a number of European economies. In recent months, the scale of public debt in Greece in particular, but also in Ireland, Portugal and Spain, has...
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