The fiscal challenge

The recent economic crisis inflicted substantial damage on the public finances of many countries around the world. Meanwhile, growth remains largely subdued. How can governments restore public finances while promoting economic growth?”

Systemic financial crises: How to fund resolution

Systemic financial crises are a recurrent phenomenon, and despite regulatory efforts they are likely to occur again. This report compares the ex ante funding of deposit insurance schemes in a selection of countries, highlighting the “funding gap” left by these arrangements in the recent systemic financial crisis. To fill that gap, different approaches have been adopted across countries in the recent crisis. Where support for the

OECD–WPC World Pensions & Investments Forum

The forum brought together leading researchers, pension funds, endowments and sovereign wealth funds from across Europe, Asia and the Americas to discuss the latest advances in investment, asset allocation and risk management.

Budget deficits: What governments are doing

Public finances are under pressure around the world. We asked finance ministers from a range of countries: “What actions is your government taking to bolster public finances, while upholding growth and services?”

Tackling the budget problem

Public debt in the OECD area is fast approaching 100% of GDP, as the financial and economic crisis badly deteriorated government budgets. A concerted move towards more balanced budgets is needed, while preparing the ground for economic growth.

The 2008-09 crisis in Turkey: performance, policy responses and challenges for sustaining the recovery

Turkey is recovering from its most severe recession in several decades.

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• Economic Survey of Turkey 2010

OECD experts react to recent pension developments

Some countries are reconsidering their approach to the provision of sustainable and adequate pensions. OECD experts have reiterated several key recommendations that should be taken into account during this process.

Exit Strategies - Competition Policy Roundtable - OECD

During the financial crisis many governments aided both the financial and non-financial sectors in their countries on an unprecedented scale. These emergency measures have in some cases taken precedence over competition rules. In particular the fact that governments helped some banks but not others has weakened competition in some markets, with “too big to fail” institutions commanding a higher market share than previously. This has

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• Best Practice Roundtables on Competition Policy

Interview with Prof Zheng Bing Wen, from the Chinese Academy of Social Sciences, on the development of private pensions in China

In this interview, Prof Zheng, a renowned Chinese expert on pensions, discusses the necessary reforms – in particular tax reforms – that are needed in order to further develop private pensions in China. The enterprise annuity system, as the private pension system in China is called, should become a key part of the retirement income system, but there are some obstacles that needs to be addressed first.

EO88 Chapter 4: Fiscal consolidation: requirements, timing, instruments and institutional arrangements

This chapter discusses the size of current consolidation requirements and the pace at which budget positions should be strengthened in the context of a set of macroeconomic projections to 2025.

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• OECD Economic Outlook No. 86, November 2009