Le Brésil a accompli des progrès remarquables en termes de réduction de la pauvreté et des inégalités. Cela tient au dynamisme de la croissance mais aussi à l'efficacité des politiques sociales. En dehors de la croissance, ce sont les services publics et les transferts monétaires qui ont été les facteurs les plus importants, notamment les seconds dans le cadre du programme Bolsa Familia, qui a été couronné de succès.
Ce document examine l'état du secteur bancaire en Europe. Au niveau agrégé, les données empiriques suggèrent que les pays baltes, Chypre, la Grèce et l'Irlande, en particulier, sont touchés par une forte diminution du crédit à la suite de la crise financière.
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This paper is aimed primarily at government officials who are involved in decision making over how to utilise climate finance in support of relevant national actions. It provides an overview of the large number of initiatives that have been implemented to assist developing countries manage their response to climate change, both through information provision and policy-relevant analysis.
The 2013 Forum was held on 5-6 December and discussed how governments can improve their investment policy framework to reduce the risk and attract long-term private finance in support of green growth.
Organised in in Washington on 5-6 December 2013, discussions at this meeting focused on how capital markets can help enhance infrastructure financing.
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The main hallmarks of the global financial crisis were too-big-to-fail institutions taking on too much risk with other people’s money: excess leverage and default pressure resulting from contagion and counterparty risk. This paper looks at whether the Basel III reforms address these issues effectively and proposes improvements to the current reform proposals.
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This paper investigates whether countries that had controls on inflows in place prior to the crisis were less vulnerable during the global financial crisis. More generally, it examines economic growth effects of such controls over the entire economic cycle, finding that capital restrictions on inflows (particularly debt liabilities) may be useful in good times but may have adverse effects in a crisis.
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This paper looks at macro-prudential policies in the light of empirical evidence on the determinants of bank systemic risk, and the effectiveness of capital controls. It concludes that complexity and interdependence is such that care should be taken in implementing macro-prudential policies until much more is understood about these issues.
English, PDF, 317kb
The bank regulator's paradox is that large, complex and interconnected banks need very little capital in the good times, but they can never have enough in an extreme crisis. Separation is required to deal with this problem, which derives mainly from counterparty risk. This paper outlines the OECD’s separation proposal and also compares it to current national approaches to separation.
Sound debt management allows African policymakers to develop local-currency bond markets, integrate into a worldwide network of debt managers, and to enhance awareness of advances in Africa among policymakers, investors and others outside the continent.