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This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy.
This paper estimates unrestricted monetary reaction functions for four Latin American countries (Brazil, Chile, Colombia and Mexico) and tests for the presence of non linear effects in central bank behaviour.
What impact has the crisis had on pensions?
Who is affected?
What can be done?
Going for Growth 2009 takes stock of recent progress in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2008 edition.
Today’s report is designed to help OECD countries pursue reforms that will raise their long-term living standards. This year’s Going for Growth is special in that it comes at a time when OECD countries are faced with the most severe financial and economic crises in a lifetime.
Latin America has a major role to play in building a new international financial and economic system, since it has accumulated substantial experience in managing financial crises and recovery programs, according to the OECD Secretary-General.
2-3 March 2009, Tokyo, Japan. This event focused on the impact of the global financial crisis on Asia and the Asian response, as well as the implications of current market turmoil on stock and bond markets and unregulated entities; products and markets; financial education and awareness; regulatory efficiency and corporate governance.
El papel de América Latina en la construcción de un nuevo sistema financiero y económico internacional tiene que ser relevante. La experiencia acumulada en la gestión de crisis financieras y programas de recuperación en la región es importante, según el Secretario general de la OCDE.
English, , 207kb
The Report examines the experience of a number of financial institutions and concludes that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements. The risk management systems have failed in many cases due to corporate governance procedures rather than technical problems. Remuneration systems have amplified such risk management weaknesses. The responsibility for
Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done.
- Economic Survey of the Euro Area 2009