27/05/2016 - The real economy will always seem to be disconnected from the financial economy during periods when the need for structural change is so overwhelming that it can hardly be otherwise. We have had the easiest monetary policy of any historical era outside of hyperinflations, and productivity fails to grow, economic activity is weak...
21/05/2016 - It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress. Adrian Blundell-Wignall gives a preview of what’s in the 2016 edition of the OECD Business and Finance Outlook.
12-13 May 2016, Paris: This conference on the financial management of flood risks and building financial resilience in a changing climate provided an opportunity to exchange knowledge share experiences on effective approaches to managing flood risk.
English, PDF, 344kb
Credit to small and medium-sized enterprises (SMEs) declined more in Hungary than in most other countries since 2008, and credit conditions remain comparatively tight, especially for small businesses, firms with a higher risk-return profile and firms seeking long-term loans.
28 April 2016, Paris - OECD, IOPS and the World Bank are joining forces to expand the reach of the OECD’s Global Pension Statistics database and annual Pensions Markets in Focus report. This collaboration with the World Bank will help bring data from emerging and developing economies that are not currently included in the database.
English, PDF, 1,435kb
Higher capital requirements, bail-in and resolution funds are shown to substantially limit potential government contingent liabilities stemming from failures in the European banking sector. Losses are being shifted from taxpayers to bank creditors and, while this is desirable, they do not disappear. Several challenges in implementing bail-in remain and further efforts are necessary to make them work effectively in practice.
English, PDF, 392kb
Earlier OECD research has shown that capital flow management measures that are used as macro-prudential measures, including currency-based restrictions applied to banks’ operations also with non-residents, have the intended negative impact on capital account openness as measured by covered interest parity indicators. But what is their impact as macro-prudential tools to improve resilience to financial stability risks?
The survey monitors and compares the investment behaviour, asset levels, and performances of the largest institutional investors in each region or country covered and analyses in greater depth the general trends observed at a national level.
Amsterdam, 20-21 April 2016: This symposium addressed the challenges of financial resilience throughout life and the importance of financial education.
Financial literacy is an essential life skill. From the cost of education to healthcare, people are confronted with complex, difficult financial decisions: how much and how to borrow, how to save and invest, or which kind of insurance to buy. To address these challenges, we all need to develop the skills to be financially resilient.