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English, , 342kb
The recovery is projected to strengthen in the near term, but there are concerns about the longer-term legacy of the crisis, particularly because of the emergence of unsustainable fiscal imbalances as well as the possible damage to long-term growth prospects.
This paper looks at the empirical determinates of foreign currency reserve holdings across a panel of around 130 countries between 1980 and 2008.
Watch this recording of the 2011 OECD Forum session on financial regulation and consumer protection with Ted Menzies, Steingrimur J. Sigfússon, Federico Ghizzoni, Marilena Lazzarini, John Hope Bryant and Renato Flores.
English, , 423kb
Increased international capital flows can support long-term income growth through a better international allocation of saving and investment.
Increasing international capital flows can support long-term income growth through a better international allocation of saving and investment.
The state of public finances has worsened considerably in many OECD countries. This report provides an overview of fiscal consolidation strategies (either reducing expenditures or raising taxes) to put public finances on a sustainable path.
Discussions at the forum focused on latest developments in global bond markets, including the impact of the financial crisis on market functioning and debt levels and other emerging issues.
This paper gathers evidence on public sector pension plans regarding the type of pension promise and quantifies the future tax burden related to these pension promises. The reported liabilities are recalculated using both a fair value approach (local market discount rates) and a common, fixed discount rate across all countries which reflects projected growth in national income.
This paper proposes a framework to help policymakers think about how best develop a national strategy to hedge against the massive economic burden of extreme events that could hit their country tomorrow, focusing specifically on the role that risk transfer mechanisms alternative to traditional insurance can play.
The financial crisis revealed flaws in pre-crisis policy frameworks.