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.
Who should manage the RIA process? Who should be in charge of administrative simplification initiatives? How should Regulatory Oversight Bodies (ROBs) be designed, and be monitored? This Working Paper focuses on what the existing ROBs actually do, classifying them into core functions.
Two workshop were held in Moscow on the topic of regulatory impact assessment in Russia, enabling an exposure to different approaches used in some leading OECD countries.
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Businesses and policymakers are concerned by recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. OECD is working to bring more transparency and discipline to the use of these restrictions.
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.
Administrative simplification in Viet Nam has reached a defining moment. This report details Project 30 and related initiatives. Using international comparisons, it explores how Viet Nam can rapidly bring about the full potential of Project 30.
To date, Poland has adopted a complex administrative simplification programme, based on methods successfully used in other OECD countries. It has two main streams: one focused on simplifying licences and permits, the other on measuring and reducing regulatory burdens.
The Guide for state and municipal public servants provides concrete recommendations of high impact reforms that can be implemented in the short term.
The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.