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The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 … per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully … that is up to the issues at stake has still to be fully defined. And the euro area's ability to absorb economic shocks must …
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Summary of main themes : Reform principles ; Exit strategy principles -- Priorities for reforming incentives in financial markets: Strengthen the regulatory framework ; Focus on integrity and transparency in financial markets ; Strengthen capital adequacy rules ; Strengthen understanding of how...
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The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...
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