This event focused on Thailand and South East Asia five years after the tsunami, the threats of global warming, natural hazard awareness and disaster risk reduction education, hazard mapping, risk assessment, insurance coverage of natural catastrophe risks; and catastrophe-linked securities and the role of capital markets in promoting the growth of global capacity to absorb natural catastrophe risks.
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This report addresses the question of ageing societies from a perspective that integrates implications and solutions for both healthcare and pensions, whereas most reports look separately at one or the other. The report focuses on opportunities, whereas most previous ones have focused primarily on risks. Finally, the report provides an overview of a broad set of practical solutions, ranging from the existing, but underappreciated, to
There is a case, but there are also counter-arguments. With sufficient forward-looking behaviour among firms and households, price-level targeting can act as a powerful built-in stabiliser through automatic shifts in inflation expectations.
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The OECD is working to help governments restore confidence and stability in the financial system, soften the impact of the recession and strengthen the global economy over the longer term. Its strategic response to the crisis covers two main areas: align regulations and incentives in the financial sector to ensure tighter oversight and risk management; review and upgrade national policies and improve international coordination to
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This paper provides background on insurer corporate governance, describes practices and identifies possible regulatory and supervisory issues. It was developed jointly by the OECD and the IAIS.
This paper reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms.
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This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement income stemming from defined contribution (DC) pension plans. It looks at how such regulations affect the spectrum of investment policies available and, through this channel, how they affect the retirement income that an individual may expect from a DC pension plan.
This paper tests for the existence of a bank lending channel in the transmission of monetary policy in Brazil using monthly aggregate data for the period 1995:12 through 2008:6.
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The situation in financial markets deteriorated over the past year, but government actions have helped to avert an even bigger crisis. While some signs of recovery are on the horizon, the banking sectors in many countries are not yet on solid footing. Recent government programmes that deal with banks’ ‘toxic assets’ are welcome in this regard. But further reaching financial sector reforms such as those recently endorsed by the G20