New releases from the OECD

Financial crises: Past lessons and policy implications
This overview paper examines the financial crisis in light of past country experience and economic theory and draws preliminary policy recommendations. A number of facets of the crisis are detailed, including its origins and spreading factors as well as crisis resolution polices and their associated gross and net fiscal costs.

The challenge of the financial crisis and faith in multilateralism
The crisis has shown the vulnerability of a global economy based on the idea that ever increasing production and consumption were the key to success, says OECD Secretary-General Angel Gurría. But this crisis is “a big opportunity for change, a colossal opportunity to bring about a greener economic growth and a more inclusive and reliable globalisation.”