English, , 460kb
This paper discusses why the development of pension systems is important for the African region. It also looks at the current pension arrangements in selected African countries.
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This paper is designed as an overview piece, discussing if pension funds should invest in infrastructure on a theoretical basis, whether they do in practice, and, if not, how (and if) regulators can encourage and assist them to do so.
Selon M. Gurría, l’éthique des affaires devra être au cœur de toute nouvelle feuille de route pour l’économie mondiale. Les marchés ne doivent pas seulement être plus stables mais aussi moralement acceptables. Il a affirmé qu'il était temps de réconcilier l’éthique et l’économie en s'appuyant sur des règles solides, transparentes et d’actualité.
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Institutional features and policy practices of investment guarantee programmes - institutional features of the public and private segments of the political risk insurance market - issues of potential relevance for the investment policy community. Typically, international investment projects for which such insurance is sought are located in developing countries. In recent years, the value of investment guarantees has averaged about
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The present financial crisis may be added to a growing list of episodes worldwide in which financial sector problems have become systemic in nature. Many OECD countries have been affected, either directly or through the transmission of problems cross-border. Most financial crises share a number of common elements. For instance, financial innovation has often played a role in distress episodes, in many cases, having much to do with
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This article treats some ideas and issues that are part of ongoing reflection at the OECD. They were first raised in a major research article for the Reserve Bank of Australia conference in July 2008, and benefited from policy discussion in and around that conference. One fundamental cause of the crisis was a change in the business model of banking, mixing credit with equity culture. When this model was combined with complex
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This article presents a combined analysis of households’ financial and non-financial balance sheets across OECD countries over the period 1995-2006. The scope of the study mainly covers households’ gross wealth (financial, dwellings and land) and therefore does not include debt. It also analyses financial risks borne by households investing their savings either in investment fund shares, in life insurance reserves or in pension
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Data to measure and analyse the increasing role of institutional investors in capital markets has been collected and published by the OECD for a number of years. This dataset is now integrated in the framework of the OECD Financial Accounts. This article presents an overview of institutional investors’ assets, their components and their development in the aggregate and by country.
English, , 1,829kb
This financial crisis, ending a period of search for yield and increased risk-taking, has triggered various policy responses, ranging from more ad-hoc measures initially to more structured and co-ordinated financial sector rescue actions as the crisis evolved. Lessons drawn so far should help to devise longer-term, more encompassing and more consistent policies. Various reforms are being proposed by the financial industry as well as
The OECD will release Financial Market Trends No. 95 on the OECD's password-protected website at 11.00 a.m. Paris time (10.00 a.m. GMT) on Thursday 8 January 2009 for immediate release (in English only).