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The UK financial market has been severely affected by the financial market crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This chapter reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms.
How is the recession affecting Italy’s fiscal situation? What steps should the government take when the economy recovers? How healthy are Italy’s banks? What regulatory reforms are needed? What about plans for fiscal federalism? How does Italy’s education measure up?
Despite the improvement in regulatory indicators, overall productivity performance has improved very little in Italy. This chapter reviews a number of possible structural explanations.
Italy is suffering a serious economic recession, which started earlier than elsewhere but has now accelerated following the downturn elsewhere and collapse in world trade.
Italy is facing strong headwinds from the international financial crisis but so far its banking system has been more resilient than in other countries. This chapter suggests that this reflects a combination of factors.
This chapter explores the reasons for poor and unequal performance in Italian secondary education. The chapter outlines the structure of spending and then considers how certain aspects of policy should be better aligned with good practice.
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Estonia is now in a severe recession. To restore high and sustainable growth, the country will need to rebalance its resources from non-tradables towards exports.
This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities.
New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.