English, PDF, 114kb
This paper investigates whether countries that had controls on inflows in place prior to the crisis were less vulnerable during the global financial crisis. More generally, it examines economic growth effects of such controls over the entire economic cycle, finding that capital restrictions on inflows (particularly debt liabilities) may be useful in good times but may have adverse effects in a crisis.
English, PDF, 377kb
This paper looks at macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. It concludes that complexity and interdependence is such that care should be taken in implementing macro-prudential policies until much more is understood about these issues.
English, PDF, 317kb
The bank regulator's paradox is that large, complex and interconnected banks need very little capital in the good times, but they can never have enough in an extreme crisis. Separation is required to deal with this problem, which derives mainly from counterparty risk. This paper outlines the OECD’s separation proposal and also compares it to current national approaches to separation.
English, PDF, 4,899kb
This document compiles the material discussed in a competition policy roundtable on road fuel, including a summary of the discussion, country contributions and a background note that discusses the main determinants of gasoline prices and highlights relevant competition features of the markets for road fuel along the supply chain.
Sound debt management allows African policymakers to develop local-currency bond markets, integrate into a worldwide network of debt managers, and to enhance awareness of advances in Africa among policymakers, investors and others outside the continent.
This statistical yearbook provides quantitative information on African central government debt instruments. It includes individual country data but also comparative statistics to facilitate pan-African (cross-country) analysis.
This report documents procurement regulations and practices in Mexico's State's Employees' Social Security and Social Services Institute(ISSSTE) and makes policy recommendations in key procurement areas.