Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%.
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process.
English, PDF, 659kb
The September 2014 update on the BEPS Action Plan, including the delivery of the first set of measures from the BEPS Project as well as enhanced engagement with developing countries.
Washington DC, 10 September 2014: This meeting addressed the evolution of the terrorism threat, the availability and affordability of terrorism risk insurance, the financial liability of governments and short and long-term perspectives.
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BEPS strategies often take advantage of the interaction between the tax rules of different jurisdictions, so only an internationally co-ordinated effort can effectively respond to this issue. The BEPS Action Plan is based on three core principles: coherence, substance and transparency, and sets forth 15 actions to fundamentally change the rules for the taxation of cross-border profits.
Entrepreneurship is an important driver of economic growth, job creation and competitiveness. However, the small and medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being particularly difficult.
Dutch banks were put under heavy strains early in the global downturn and have comparatively weak financial buffers to cope with new shocks. Falling house prices have increased the share of households with negative home equity to nearly 35% for home-owning households and 40% for mortgage holders.
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This report draws together information on specific factors affecting risk perceptions in Low Income Countries, including different parts of the project preparation and development cycle; identifies practical approaches and initiatives utilized successfully by organizations to mitigate risk, manage information asymmetry, directly address risk in investing in infrastructure in LICs, and change incentives in MDBs.
We are looking for new and interesting thinking on how policy options in the areas of competition, corporate governance, capital markets and financial services, international investment and foreign bribery can have an impact on our well-being as defined by the OECD's Better Life Initiative.
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".