Latest Documents


  • 22-May-2013

    English, PDF, 587kb

    Long-term investment, the cost of capital and the dividend and buyback puzzle

    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.

    Related Documents
  • 10-May-2013

    English, PDF, 722kb

    Bank lending puzzles: Business models and the responsiveness to policy

    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.

    Related Documents
  • 22-April-2013

    English, PDF, 456kb

    Statement to the German Bundestag's Finance Committee Hearing on the Draft Bank-Separation Law

    This statement by Adrian Blundell-Wignall and Paul Atkinson was presented to the German Bundestag's Finance Committee Hearing on the Draft Bank-Separation Law (Drucksache 17/12601) on 22 April 2013.

    Related Documents
  • 4-April-2013

    English

    13th Tokyo Roundtable on Capital Market Reform in Asia

    The implications of the European sovereign debt crisis for Asia, the globalisation of the funding of investments and the contribution of long-term institutional investors to growth were amongst the topics explored at the 2013 Tokyo Roundtable.

    Related Documents
  • 27-March-2013

    English, PDF, 166kb

    Banking in a challenging environment: Business models, ethics and approaches towards risks

    This article summarises discussions from a financial roundtable addressing concerns about structural flaws in the way banks operate and are being regulated and supervised in the wake of on-going banking sector problems involving financial fraud and banking scandals.

    Related Documents
  • 27-March-2013

    English, PDF, 705kb

    The future of the Asian economic and financial community

    This article by OECD Deputy Secretary-General Rintaro Tamaki focuses on three issues that will be important in shaping the future of the Asian economic and financial community: trade, funding long-term investment and strengthened regional financial co-operation.

    Related Documents
  • 21-March-2013

    English

    Cyprus: Further compressing the coiled spring

    Adrian Blundell-Wignall blogs about the policy mistakes and failure of collective responsibility that led to the Cyprus crisis and proposes alternatives to the myopic, badly conceived plan proposed by the Troika.

    Related Documents
  • 26-November-2012

    English, PDF, 1,119kb

    Developments in the value of implicit guarantees for bank debt: The role of resolution regimes and practices

    This report concludes that actual application of bail-ins, involving bondholders in loss sharing, could effectively reign in perceptions of implicit guarantees for bank debt. However, bail-ins are rare owing to concerns about contagion risks and depositor and investor protection, so implicit guarantees persist.

    Related Documents
  • 1-November-2012

    English

    Public Debt Management Network for Emerging Markets

    This website provides a virtual knowledge sharing network for debt managers to share experiences, best practices and techniques on all aspects of public debt management.

    Related Documents
  • 20-September-2012

    English, PDF, 408kb

    Global imbalances and the development of capital flows among Asian countries

    During the current global crisis, capital inflows into Asian countries have increased,leading to excess liquidity and the risk of potential asset bubbles.

    Related Documents
  • << < 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 > >>