Economic Policy Reforms 2010

Going for Growth

image of Economic Policy Reforms 2010

The world is currently facing the aftermath of the worst financial crisis since the Great Depression. Going for Growth 2010 examines the structural policy measures that have been taken in response to the crisis, evaluates their possible impact on long-term economic growth, and identifies the most imperative reforms needed to strengthen recovery. In addition, it provides a global assessment of policy reforms implemented in OECD member countries over the past five years to boost employment and labour productivity. Reform areas include education systems, product market regulation, agricultural policies, tax and benefit systems, health care and labour market policies. The internationally comparable indicators provided enable countries to assess their economic performance and structural policies in a wide range of areas.

In addition, this issue contains three analytical chapters covering intergenerational social mobility, prudential regulation and competition in banking, and key policy challenges in Brazil, China, India, Indonesia and South Africa.

English Also available in: French

Getting it Right

Prudential Regulation and Competition in Banking

Stability and competition are both desirable features of a well-functioning banking sector. The importance of banking sector stability has been highlighted by the recent financial crisis, while gains from competition, in terms of efficient financial intermediation and access of firms and households to finance, are well established. Based on indicators of different aspects of prudential regulation for banking prior to the crisis, this chapter finds little evidence that the two objectives of stability and competition conflict with each other, with one exception being the anti-competitive effect of stringent entry and ownership regulations. A stronger banking supervisor even seems to strengthen competition, as it is found to potentially reduce the cost of credit faced by borrowers.

English Also available in: French

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