Debt Markets: Policy Challenges in the Post-Crisis Landscape

This article summarises discussions held at the 11th OECD-WBG-IMF Global Bond Market Forum where withdrawal of policy stimulus and sovereign risk were singled out as the two biggest concerns for investors. It addresses the continuing challenge of measuring sovereign risk, the need for more reliable indicators of sovereign risk to help make appropriate investment decisions and how difficult circumstances have forced sovereign issuers

A Suggested New Approach to the Measurement and Reporting of Gross Short-Term Borrowing Operations by Governments

The various existing methods for calculating short-term borrowing requirements can result in distorted estimates. This article proposes a new method that yields economically meaningful results that can also be used to make cross-country comparisons.

Statistical Yearbook on African Central Government Debt: Overview of a New OECD Publication

The first issue of the Statistical Yearbook on African Central Government Debt was published earlier this year. This article provides an overview of the publication which contains comprehensive and consistent information on African central government debt instruments. It includes both individual country data and comparative statistics to facilitate cross-country analysis.

Defined benefit pension plans - proposed revisions to international accounting

At the end of April 2010, the International Accounting Standards Board (IASB) published an exposure draft with proposed changes to International Accounting Standard No. 19 (IAS 19). If enacted, the changes to IAS 19 proposed by the IASB are expected to have a significant impact on company financials on a global basis.

Finance, business and the crisis

Read about OECD efforts to help governments improve the domestic and global policies that affect business and markets in the wake of the global economic crisis.

Economic Survey of South Africa 2010

The South African economy is recovering from the crisis. Nevertheless deep structural reforms are necessary. The already strong macroeconomic policy framework should be further strengthened to resist excessive real appreciation.

The Design of Government Guarantees for Bank Bonds: Lessons from the Recent Financial Crisis

Government-guaranteed bank bonds have been an effective tool in avoiding the worst during the financial crisis. However, the pricing of the guarantees has created competitive distortions and the continued availability of such guarantees into 2010 may have reduced the pressure on some banks to address their weaknesses.

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

Related Documents

• EO87 Chapter 4: Prospects for growth and imbalances beyond the short term (“framework”)
• OECD Economic Outlook No. 87, May 2010

Prospects for growth and imbalances beyond the short term

The global crisis has left the OECD area with lower potential output and a high government debt burden. Moreover, global imbalances are beginning to widen again.

Related Documents

• OECD Economic Outlook No. 86, November 2009
• EO87 Chapter 4: Prospects for growth and imbalances beyond the short term (“framework”)

Economic Survey of Canada 2012

An effort must be made to address Canada’s poor productivity performance given the ageing of the population, headwinds from international competitiveness and terms of trade shifts. Measures should provide an impetus for firms to innovate and strengthen tertiary education attainment rates.