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Financial markets and systems play a key role in resource allocation. Recent work has studied how legal and regulatory framework conditions for financial systems support innovation and investment and thus growth. Other work is studying financial market integration in the euro area.
Bookmark this page: www.oecd.org/eco/money/markets.
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15-Sep-2008
This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar.
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08-Sep-2008
This paper addresses the question of whether and how long-term financial trends may have modified the transmission mechanism from monetary policy decisions to economic activity. The focus is on long-term changes, abstracting from the disruptions created by the 2007-08 financial turmoil which are temporarily affecting the transmission mechanism.
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17-Jul-2008
Turkey should adopt tougher fiscal rules and reform its labour market to boost its economic performance, according to this new OECD report.
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