When I was interviewing 200 bankers and banking staff working in Europe's financial centre the City of London, perhaps the most telling was the language. Not so much the profanities– though there were many of those–nor the technical stuff and three-letter acronyms (TLAs). Most striking were terms that seemed designed to sidestep any possibility of ethical discussion.
It is crucial that G20 countries collectively strive to resist financial protectionism and to keep financial markets open. Worryingly, OECD data suggest a sustained rise in capital flows measures since 2008, across emerging markets as well as some advanced economies.
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.
The publication Revenue Statistics in Africa is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre, the African Union Commission (AUC) and the African Tax Administration Forum (ATAF). It compiles comparable tax revenue and non-tax revenue statistics for eight countries in Africa: Cameroon, Côte d'Ivoire, Mauritius, Morocco, Rwanda, Senegal, South Africa and Tunisia. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to African countries enables comparisons about tax levels and tax structures on a consistent basis, both among African economies and with OECD, Latin American, Caribbean and Asian economies.
We actually need to balance two objectives. On the one hand, we should collectively strive to keep financial markets open. On the other hand, governments need an actionable toolbox of policy instruments to deal with capital flow volatility.
This Roundtable offers a forum for regulators, policy-makers, experts, practitioners, scholars and international organisations to discuss issues relating to capital market and financial reform in Asia.
The OECD has been collecting and analysing official insurance statistics since the early 1980’s. In response to the financial crisis in 2008, the OECD has been expanding the scope of its Global Insurance Statistics exercise in order to extend its global reach.
Monthly monetary and financial statistics contains financial statistics on five separate subjects: monetary aggregates, interest rates, exchange rates, reserve assets, and share prices.
This paper analyses two-way interactions between monetary policy and inequality in selected advanced economies. In the context of a highly accommodative monetary stance over recent years, the analysis focuses on the effects of monetary policy on inequality over the business cycle via its impacts on returns on assets, the cost of debt servicing and asset prices.
High house prices are being supported by very low interest rates, immigration-fuelled population growth and smaller family units, while demand is being bolstered by mortgage interest tax deductibility and institutional investors.