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The problems the world faces in dealing with the current finanical crisis are far from over. This speech addresses where we are in this process and how optimistic we can be. It was prepared for the session on Restoring Confidence in Financial Systems at the 2009 OECD Forum: The Crisis and Beyond: For a stronger, cleaner, fairer economy.
In his introductory remarks at the Paris Conference for Long-Term Value & Economic Stability, Angel Gurría talks about the importance of long-term investments and their capacity to help to bring back confidence and to achieve long-term sustainable development throughout the world
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Government debt issuance procedures and policies differ across OECD jurisdictions, in particular in terms of technical standards for selling techniques, primary dealer systems and other primary market arrangements. However, the increased integration of global financial markets (including the jump in the integration of European government debt markets since the introduction of the Euro) has been an important catalyst in the
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Many OECD governments are facing unprecedented challenges in the markets for bonds and bills, as a result of the explosive growth in their borrowing needs. Amidst an unusually uncertain economic outlook, the gross borrowing needs of OECD governments are expected to reach almost USD 12 trillion in 2009. The key policy issue is how to raise smoothly new funds at low cost, while also managing a rapidly growing debt stock. For the time
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This article looks at the stages of crisis management and some of the different degrees of transparency on losses and risks in the US and Europe. It also compares alternative approaches to dealing with impaired assets used in the USA and Europe. Exposure to off-balance losses remains a key issue. Europe, surprisingly, has been and remains the major issuer of collateralised synthetic obligations that have been so prominent in the
L’éventail des instruments en vigueur énumérés et commentés dans ce document de 190 pages constitue un corpus extrêmement riche, notamment sous la forme de recommandations, de lignes directrices et de principes de pratiques exemplaires. En plus des instruments de l’OCDE comme la Convention anticorruption, les Principes de gouvernement d’entreprise et les Principes directeurs à l’intention des entreprises multinationales, ainsi que des
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
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This is the OECD Paper for Session 1 on ―How the global economy headed into crisis‖ at the G20 Workshop on the Causes of the Crisis: Key Lessons Mumbai.
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OECD Good Practices on Financial Education and Awareness Relating to Credit, OECD, 2009
L’OCDE a travaillé en coulisse avec les gouvernements des pays du G20 et d’autres organisations internationales pour contribuer à la réalisation de ces objectifs et à notre mission collective de construction d’une économie mondiale plus forte, plus propre et plus juste.