English, PDF, 587kb
The paper argues that interest rates are at extremely low levels to support banks, and the search for yield has pushed the liquidity driven speculative bubble from real estate, derivatives and structured products markets into the corporate debt market. Equities have rallied strongly too. This asset cycle is certainly helping banks reduce hidden losses on illiquid securities and could also help reduce the cost of equity.
The Czech Republic-OECD Conference on Financial Education: "Promoting financial wellbeing through financial education", took place on 16-17 May in Prague, Czech Republic.
Discussions at this meeting focused on the first draft of the revised Russian Code of Corporate Governance.
English, PDF, 1,524kb
Competition authorities widely rely on leniency policies to detect, investigate and prosecute hard-core cartels. Jurisdictions that operate leniency programmes recognize the benefits of rewarding not only the first-in applicant who denounces the cartel but also subsequent applicants who provide useful corroboration or new evidence. This publication reviews the findings from a roundtable discussion held in October 2012.
English, PDF, 722kb
Lending by banks is failing to support economic recovery, despite unprecedented low interest rates and policies to compress the term premium. This study explores the business activities of banks, with a special focus on their lending behaviour and its responsiveness to unconventional monetary policy.
This book presents the key findings resulting from discussions held at a series of best practice roundtables on competition and knowledge-based capital.
Participants in this multi-stakeholder meeting launched the Gold Implementation programme and advanced implementation of due diligence in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.
Governments are major issuers of debt instruments in the global financial market. This volume provides quantitative information on central government debt instruments for the 34 OECD countries.
This report considers the key findings from a survey on international co-operation jointly carried out by the OECD and the International Competition Network.
The fight against corruption is one of the most important challenges facing the international community. This is not only a moral battle. It is also a stride for business efficiency, the effectiveness of the public administration, and ultimately for growth and development, said OECD Secretary-General.