5-December-2013
English
Long-term capital is in short supply and has become increasingly so since the 2008 financial crisis. This has profound implications for growth and financial stability. The OECD is exploring these issues in depth.
5-December-2013
English
To be held on 5-6 December 2013, the Forum will discuss how governments can improve their investment policy framework to reduce the risk and attract long-term private finance in support of green growth.
5-December-2013
English
Taking place in Washington on 5-6 December 2013, discussions at this meeting will focus on how capital markets can help enhance infrastructure financing.
25-November-2013
English, PDF, 419kb
The main hallmarks of the global financial crisis were too-big-to-fail institutions taking on too much risk with other people’s money: excess leverage and default pressure resulting from contagion and counterparty risk. This paper looks at whether the Basel III reforms address these issues effectively and proposes improvements to the current reform proposals.
25-November-2013
English, PDF, 231kb
This paper investigates whether countries that had controls on inflows in place prior to the crisis were less vulnerable during the global financial crisis. More generally, it examines economic growth effects of such controls over the entire economic cycle, finding that capital restrictions on inflows (particularly debt liabilities) may be useful in good times but may have adverse effects in a crisis.
25-November-2013
English
Financial Market Trends focuses on financial markets and structural issues in the financial sector. This includes financial market regulation, bond markets and public debt management, insurance and private pensions, as well as financial statistics.
25-November-2013
English, PDF, 268kb
This paper looks at macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. It concludes that complexity and interdependence is such that care should be taken in implementing macro-prudential policies until much more is understood about these issues.
25-November-2013
English, PDF, 378kb
The bank regulator's paradox is that large, complex and interconnected banks need very little capital in the good times, but they can never have enough in an extreme crisis. Separation is required to deal with this problem, which derives mainly from counterparty risk. This paper outlines the OECD’s separation proposal and also compares it to current national approaches to separation.
19-November-2013
English
Adrian Blundell-Wignall is the Special Advisor to the Secretary-General on Financial Markets and Deputy Director in the Directorate for Financial and Enterprise Affairs at the OECD.
19-November-2013
English
18 November 2013 to 10 January 2014. The OECD is now inviting comment on draft Guidelines for private and not-for-profit stakeholders in financial education.
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