Apparent characteristics of the Hungarian banking market such as large profits and high margins suggest weak competitive pressures. Weak competition in turn, may reduce efficiency in a lack of pressures to converge to marginal cost and to stimulate managerial efforts to reduce X-inefficiency.
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Global current account imbalances widened markedly in the years preceding the global economic crisis.
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This guide is designed to help monitor and evaluate financial education programmes. It has been developed for use by financial education project managers, educators and stakeholders.
This special report assesses the impact of the crisis on the insurance sector and reviews policy responses within OECD countries.
South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more resilient to external shocks.
OECD Secretary-General talks of the need to promote a significant shift in policy-making to introduce together a new era that favours long term investments for sustainable development, at the Eurofi High Level Seminar in Paris.
The estimated medium-term impact of Basel III implementation on GDP growth is in the range of -0.05 to -0.15 percentage point per annum.
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This note was prepared for the Eurofi/G20 high-level seminar on the benefits and challenges of a long term perspective in financial activities, held in Paris on 17-18 February 2011. The note outlines the benefits of long-term investing to growth, sustainable development and financial stability, and the barriers which may be preventing institutional investors from acting over extended time frames.
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New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.
The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.