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William White, Chair, OECD Economic and Development Review Committee on tackling imbalances and avoiding another crisis.
The deep scars of the crisis can be relieved through appropriate policy action, particularly in competition, jobs, taxes and financial services. This would bolster long-term growth too.
English, Excel, 1,806kb
This document contains the proceedings from a Conference on Terrorism Risk Insurance held in Paris on 1-2 June 2010.
Bayesian Model Averaging techniques are used to analyse how robustly it is possible to identify factors that may lead to the bursting of asset price bubbles in OECD economies.
Specialists in terrorism insurance and disaster management re-assessed the state of terrorism insurance markets, discussed promoting awareness of terrorism risks and reviewed the status of terrorism risk insurance programmes in different countries.
English, , 220kb
In previous studies, the OECD has identified the main hallmarks of the crisis as too-big-to-fail institutions that took on too much risk, insolvency resulting from contagion and counterparty risk, the lack of regulatory and supervisory integration, and the lack of efficient resolution regimes. This article looks at how the Basel III proposals address these issues, helping to reduce the chance of another crisis like the current one.
English, , 586kb
Special Chapter from Economic Outlook 87, May 2010
English, , 70kb
OECD's recommendations on how to decide on appropriate policy in the face of an economic disturbance.
Are the policies that governments have put in place to stabilise the global economy and restore growth sowing the seeds for a new economic crisis? While more welfare spending and easier credit can temporarily help to shore up economic activity, they could in the medium term make the problems that caused the current crisis worse, argues William White, chair of the OECD’s Economic Development and Review Committee.
Speaking at a conference in Berlin, Angel Gurría says that a new architecture of financial reform together with sustainable fiscal consolidation strategies, structural reforms and efforts to explore new sources of growth will be essential to build a stronger, cleaner and fairer world economy.