Written statement by OECD Secretary-General Angel Gurría for the IMFC during the World Bank Group/International Monetary Fund 2015 Spring meetings in Washington, DC.
Small and medium-sized enterprises are crucial for tracing new paths to more sustainable and inclusive growth, thanks to their role in providing employment. In the OECD area, SMEs provide the main source of employment and value creation, accounting for about 60 to 70% of employment and more than 50% of value added.
Les petites et moyennes entreprises (PME) jouent un rôle fondamental pour la croissance inclusive et l’emploi mais il est indispensable d’élargir leurs sources de financement pour réduire la vulnérabilité des PME face à la volatilité du marché du crédit, selon deux nouveaux rapports de l'OCDE.
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What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions
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Small and medium-sized enterprises (SMEs) are key contributors to economic growth and job creation. The current economic and financial crisis has reduced bank lending and has affected SMEs in particular. Capital markets will have to play a bigger role in financing SMEs in order to make them more resilient to financial shocks. This article reviews the spectrum of alternative market-based debt instruments for SME financing.
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More than half a decade has passed since the most significant economic crisis of our lifetimes and a plethora of different interpretations has been offered about its origins. This paper consolidates the stylised facts put forward so far into a concise and coherent meta-narrative.
Money remitted by international migrants is a major source of income for many countries. Yet individual migrants and their families are often amongst the most vulnerable people in society, and many face significant barriers to the access and use of appropriate financial products. This paper looks at key challenges and how governments can take measures to support migrant workers and their families and improve their financial literacy.
Les épisodes récents de mouvements importants du taux de change, comme pour le Japon ou le Royaume-Uni, n’ont pas été associés à des évolutions importantes des balances commerciales ; et malgré la polarisation des positions extérieures globales, les fluctuations importantes des monnaies durant la crise mondiale de 2008-2009 n’ont pas généré de perturbations financières significatives.
Tokyo, Japan - Discussions at this event focused on investing for the long-term, infrastructure as an asset class, the role of capital markets in long-term investment and next steps for long-term investment financing in Asia.
This roundtable offers a forum for regulators, policy-makers, experts, practitioners, scholars and international organisations to discuss issues relating to capital market reform in Asia.