Adrian Blundell-Wignall is the Special Advisor to the Secretary-General on Financial Markets and Director in the Directorate for Financial and Enterprise Affairs at the OECD.
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“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.
This project measures and monitors the pension industry, allowing inter-country comparisons of current statistics and indicators on key aspects of retirement systems.
This report analyses insurance market statistics collected by the OECD to monitor the insurance industry’s overall performance and health. It covers all OECD countries plus selected Asian, African and Latin American countries.
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The infrastructure financing market has gone through a process of radical transformation starting from the mid-2000s. This article provides an overview of international trends in infrastructure finance. It proposes a map of the different investment channels that private investors can use to access the infrastructure investment on the equity and debt side, highlighting the historical evolution of these segments in the past few years.
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This article summarises discussions from an OECD Financial Roundtable on reducing bank dependence in financing small-and medium-sized enterprises (SMEs) and non-bank debt financing alternatives.
The OECD works on advancing consumer finance protection through informed choice that includes disclosure, transparency and education; protection from fraud, abuse and errors; and, recourse and advocacy.
This blog post by Adrian Blundell-Wignall builds on a working paper he published earlier this year titled "The Bitcoin Question: Currency versus Trust-less Transfer Technology".
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Bank regulatory reform measures are expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. These survey results, covering 35 countries, show that no single policy is considered capable of fully eliminating the market perception that bank debt is “special”. A mixture of different and complementary measures is seen to hold greater promise.
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Since the 1980s, OECD investment-saving correlations – as an inverse measure of economic openness – indicate a very wide disparity of openness between the OECD and emerging market economies (EMEs) with an absence of open markets in the latter. Given the increasing weight of EMEs in the world economy, this paper warns that this pattern of growth with disparity of openness is ultimately unsustainable.