Financial Markets and Monetary and Financial Conditions

Drivers of systemic banking crises: the role of bank-balance-sheet contagion and financial account structure

15-Nov-2011

This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil. Particular emphasis is put on the role of international financial integration, using newly-constructed measures of contagion shocks.

The demand for safe assets in emerging economies and global imbalances: new empirical evidence

15-Nov-2011

Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances. This paper assesses empirically the contribution of the search for safe assets to the size and composition of emerging countries’ international asset portfolios.

Raising investment in Brazil

26-Oct-2011

Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential reasons for these low investment rates and discusses policy options to achieve faster capital accumulation.

Financial Markets: Why sound institutions and smart regulation matter

20-May-2010

Countries must quickly agree new financial rules to boost bank lending and strengthen the global economic recovery, said OECD Secretary-General Angel Gurría at a conference in Berlin.

Statement by the Secretary-General of the OECD, Mr. Angel Gurría, on the Financial Crisis and its Aftermath

23-Sep-2008

OECD Secretary-General Angel Gurría welcomes and supports the systemic rescue plan for financial markets announced by the US Government, which he says will contribute to stabilizing the U.S. and world economies.