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Credit ratings provide an opinion on the relative ability and willingness of parties with debt obligations to meet financial commitments. They have three functions: to measure the credit risk of the issuer, to provide a means of comparison and to provide a common standard. The credit rating market is a natural oligopoly, with three Credit Rating Agencies (CRAs) accounting for more than 90% of the market. The recent financial crisis
Comment le secteur public peut-il tirer parti des avantages éventuels des partenariats public-privé (PPP), s’agissant de la mise à disposition d’infrastructures ?
Open markets will be necessary for a sustained economic recovery. This report recommends that governments continue to resist protectionist pressures and work towards a level playing field for trade.
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Practices that may harm competition in the pharmaceutical sector have emerged as important and controversial issues in recent years. This proceedings examine the nature of competition between generic and branded products in the pharmaceutical sector, as well as the effects on competition of agreements to delay the entry of generics on the market. It includes an analytical note by the staff of the United States Federal Trade
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Is financial stability enhanced or weakened by competition? This proceedings addresses the link between concentration and competition in the financial sector. It includes reports from Australia, Bulgaria, Chile, Egypt, the European Commission, Finland, Germany, Greece, Hungary, Ireland, Italy, Japan, Korea, the Netherlands, the Russian Federation, South Africa, Switzerland, Chinese Taipei, Turkey, the United Kingdom, the United
Read about OECD efforts to help governments improve the domestic and global policies that affect business and markets in the wake of the global economic crisis.
Ce rapport fait l’analyse des questions clés qui sont nécessaires pour dégager le cadre de référence futur pour une bonne gestion de la politique et des réformes de réglementation.
En s’appuyant sur un modèle de croissance endogène, nous montrons dans cette étude que les imperfections de marché dans les secteurs amont abaissent les incitations à améliorer la productivité en aval.
The journal is a unique resource for competition experts. It provides insight into the thinking of competition law enforcers while focusing on the pratical application of competition law and policy.
Trade fell significantly in the aftermath of the financial crisis, even more than the large drop in global production levels. This paper examines to what extent short-term trade finance may have impacted trade levels before and after the crisis hit.