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What’s the most depressing book you’ve ever read? I sniggered at Jude the Obscure until I got bored, and I felt that the eponymous little twerp in The Sorrows of Young Werther was lucky his girlfriend didn’t blow his brains out for him. So imagine my surprise to find a book published by the OECD of all people that touched me deeply....
The Russian Federation has placed the challenge of finding a path to sustainable, balanced and job-rich growth at the heart of its G20 presidency. Here's how the OECD is contributing.
English, PDF, 722kb
Lending by banks is failing to support economic recovery, despite unprecedented low interest rates and policies to compress the term premium. This study explores the business activities of banks, with a special focus on their lending behaviour and its responsiveness to unconventional monetary policy.
There are good reasons why the public has lost confidence in banking and finance. Two issues in particular must be addressed before it can be restored– moral hazard and conflict of interest. Reforms should ensure that banks and bankers–not taxpayers–pay the price of failure and are held fully accountable for their actions.
English, PDF, 166kb
This article summarises discussions from a financial roundtable addressing concerns about structural flaws in the way banks operate and are being regulated and supervised in the wake of on-going banking sector problems involving financial fraud and banking scandals.
English, PDF, 705kb
This article by OECD Deputy Secretary-General Rintaro Tamaki focuses on three issues that will be important in shaping the future of the Asian economic and financial community: trade, funding long-term investment and strengthened regional financial co-operation.
Adrian Blundell-Wignall blogs about the policy mistakes and failure of collective responsibility that led to the Cyprus crisis and proposes alternatives to the myopic, badly conceived plan proposed by the Troika.
Background information on "Busan Building Block (BBB) Partnership on Climate Finance and Development Effectiveness" including details on the regional networks and links to in-depth analytical work.
Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.
The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.