Adrian Blundell-Wignall talks about the impact of US proposals for banking reform and how they can help avoid a new financial crisis.
U.S. President Barack Obama’s plan to separate core commercial banking from some higher-risk activities in financial conglomerates and to place a moratorium on further consolidation could help to avoid a new financial crisis by resolving some major risks inherent to the current financial system.
This publication presents the results of the first OECD investment policy review of Viet Nam. It finds that, while the progress Viet Nam has achieved in less than two decades in putting into place a legal framework and implementing policies that mobilise private investment, has been remarkable, challenges remain to accelerating to economic and social progress.
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Firms operating in two-sided markets have to balance the interlinked demands of two types of customers. This may require a skewed price structure, which raises the issue of whether two-sided markets are socially efficient. In general, the profit maximizing structure is not socially optimal. But it does not exhibit any obvious bias, either. The Delegates discussed the ways in which enforcement issues differ in two-sided markets as
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Buyer power is concerned with how downstream firms can affect the terms of trade with upstream suppliers. There are two types of buyer power: monopsony power and bargaining power. The welfare implications, and therefore the appropriate enforcement policies, of the two types of buyer power are very different. Both result in lower input prices, but the exercise of monopsony power usually results in higher prices downstream.
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Different definitions have been employed in order to capture different aspects of the informal economy. It often comprises a substantial share of GDP in many developing countries. Many researchers are concerned that informal firms negatively impact an economy because they are typically less productive than formal firms. Informal firms which fail to comply with various economic regulations or which fail to meet their tax obligations
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It is often said that competition policy protects competition, not individual competitors. Policies that support this concept promote consumer welfare, choice and efficiency. How sharply does industrial policy conflict with this? Industrial policy creates or favours national champions; yet it purports to have the same goals and produce many of the same benefits for the market. This roundtable examined the tensions and interesting
OECD Deputy Secretary-General Richard Boucher and the United Kingdom’s Secretary of Justice the Rt Hon Jack Straw MP and UK Permanent Representative to the OECD Dominic Martin talked about the challenges of tackling bribery at a conference in Chatham House
Le Groupe de travail de l’OCDE sur la corruption a sévèrement critiqué l’échec de la République Slovaque à mettre sa loi anti-corruption sur la responsabilité des entreprises en conformité avec ses obligations internationales en vertu de la Convention anti-corruption de l’OCDE.
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Rapport de suivi sur la mise en oeuvre par Portugal des recommandations au titre de la Phase 2 sur l'application de la Convention de l'OCDE sur la lutte contre la corruption et de la Recommandation révisée de 1997.