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Efficiency and Contestability in the Colombian Banking System

Daude, Christian; Pascal, Julien - Economics Department, Organisation de Coopération et … - 2015

Despite progress in the past decade, financial markets in Colombia remain relatively small and shallow. In particular the banking system suffers high intermediation costs, which limit constrains access to finance by households and firms. This paper explores some of the causes behind these...

Persistent link: https://www.econbiz.de/10011276947

Product Market Competition in the OECD Countries: Taking Stock and Moving Forward

Høj, Jens; Jimenez, Miguel; Maher, Maria; Nicoletti, … - Economics Department, Organisation de Coopération et … - 2007

: removing remaining barriers to trade and inward foreign direct investments; better securing deterrence of cartels through …

Persistent link: https://www.econbiz.de/10005045595

Too little Destruction too little Creation: A Schumpeterian Diagnosis of Barriers to Sustained Growth in Ukraine

Gianella, Christian; Tompson, William - Economics Department, Organisation de Coopération et … - 2007

This paper examines problems of entry, exit and competition in Ukrainian product markets. It finds that Ukraine still has too little of all three, and that exit mechanisms, in particular, function poorly. Since impediments to entry and exit are largely the product of excessive and ill...

Persistent link: https://www.econbiz.de/10005045917

Fixed Cost, Imperfect Competition and Bias in Technology Measurement: Japan and The United States

Nishimura, Kiyohiko G.; Shirai, Masato - Economics Department, Organisation de Coopération et … - 2000

In many industries, competition is far from perfect and managerial efficiency (or a fixed cost) varies among firms. However, traditional measurement of technological progress assumes perfect competition and no fixed cost. This paper incorporates these two factors in the technological-progress...

Persistent link: https://www.econbiz.de/10005049015

Oil Price Developments: Drivers, Economic Consequences and Policy Responses

Brook, Anne-Marie; Price, Robert W.R.; Sutherland, Douglas - Economics Department, Organisation de Coopération et … - 2004

This paper analyses the factors influencing the price of oil and its likely evolution over the next quarter century. It begins by investigating the fundamental forces shaping long-term oil price developments, highlighting the importance of growth-led demand for oil, particularly that emanating...

Persistent link: https://www.econbiz.de/10005045775

The Role of Transparency in the Conduct of Monetary Policy

Minegishi, Makoto; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2009

characterising the conduct of monetary policy. Detailed analysis of eleven OECD central banks shows that communication practices have … general trend toward increased transparency, however, central banks differ in actual communication practices. There is a … particular divergence with respect to transparency in the decision-making process and communication regarding future policy …

Persistent link: https://www.econbiz.de/10008498035