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.
Large shifts in countries’ external current account positions can be disruptive, often reflecting sudden stops in the flows of external finance and leading to exchange rate and banking crises.
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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.
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs.
The 2010 Global Forum focused on innovative governmental policies intended to enhance the security and adequacy of defined contribution (DC) retirement plans and pension reform processes and recent developments in Asia-Pacific.
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This report shows continued strong borrowing by OECD governments amid concerns about sovereign risk. It includes revised estimates for 2010 and the projected outlook in 2011.
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Briefing on exchange rate developments
Discussions at this high-level event focused on the financial empowerment of individuals globally but with a particular focus on the Middle East North Africa region.
The annual meetings of the OECD Working Party on Public Debt Management bring together debt managers from OECD countries to discuss topical issues relating to debt management operations and government bond markets
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Protecting retirement income derived from DC pension plans requires carefully designed default investment strategies. This article assesses the relative performance of different investment strategies for different structures of the payout phase, focusing on life-cycle strategies.