Les investisseurs institutionnels (sociétés d’assurance, sociétés d’investissement et fonds de pension) sont les principaux collecteurs de l’épargne et émetteurs de fonds sur les marchés financiers. Leur rôle en tant qu’intermédiaires financiers et leur impact sur les stratégies d’investissement se sont accrus de façon significative au cours des dernières années avec la déréglementation et la mondialisation des marchés financiers.
Cette publication constitue un ensemble unique d'indicateurs reflétant le niveau et la structure des actifs et passifs financiers des investisseurs institutionnels dans les pays de l'OCDE (à l'exception de l'Australie et de la République slovaque) et dans la Lituanie et la Fédération de Russie. Les concepts et les définitions reposent essentiellement sur le système de comptabilité nationale. Les données proviennent des sources nationales.
Les données se rapportent aux encours d’actifs et passifs financiers tels que numéraire et dépôts, titres, crédits, et actions. Lorsque c’est pertinent, les données sont ventilées selon leur maturité et résidence. La publication couvre les fonds d'investissement, dont les fonds à capital variable et ceux à capital fixe, ainsi que les sociétés d'assurance et les fonds de pension autonomes. Les indicateurs sont présentés en pourcentage du PIB pour les comparaisons internationales, et au niveau de chaque pays, à la fois en monnaie nationale et en pourcentage du total des actifs financiers de l’investisseur. Les séries temporelles présentent les données disponibles pour les 8 dernières années.
The OECD’s New Approaches to Economic Challenges initiative invited experts from inside and outside the Organisation to discuss complexity theory as a means to better understand the interconnected nature of the trends and influences shaping our socio-economic environment. Their contributions, brought together here, examine the assumptions, strengths and shortcomings of traditional models, and propose a way to build new ones that would take into account factors such as psychology, history and culture neglected by these models. The authors concentrate on the discipline of economics as such; the financial system; and applications of complexity theory to policy making and governance. They argue that a new narrative is needed to integrate the hopes, values, attitudes and behaviours of people into economics along with the facts and data economists are more used to dealing with.
Long-term capital is in short supply and has become increasingly so since the 2008 financial crisis. This has profound implications for growth and financial stability. The OECD is exploring these issues in depth.
The OECD Business and Finance Outlook is an annual publication that presents unique data and analysis that looks at what might affect and change, both favourably and unfavourably, tomorrow’s world of business, finance and investment. Using analysis from a wide range of perspectives, this year’s edition addresses some forces influencing economic developments that have contributed to recent surprises in elections and referendums. A common theme of these surprises has been voter discontent with globalisation and immigration that are perceived to be causes of unemployment and falling living standards for substantial segments of society in a number of OECD countries. This Outlook’s focus is on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards. A brief review of important developments contributing to post-war globalisation is provided and a number of policy domains are covered. These include exchange rates and capital account management, financial regulation since the global financial crisis, the rising weight of state-owned enterprises in the world economy, competition policy to deal with international cartels, the cost of raising capital, responsible business conduct and bribery and corruption.
The OECD Sovereign Borrowing Outlook provides regular updates on trends and developments associated with sovereign borrowing requirements, funding strategies, market infrastructure and debt levels from the perspective of public debt managers. The Outlook makes a policy distinction between funding strategy and borrowing requirements. The central government marketable gross borrowing needs, or requirements, are calculated on the basis of budget deficits and redemptions. The funding strategy entails decisions on how borrowing needs are going to be financed using different instruments and which distribution channels are being used. This edition provides data, information and background on sovereign borrowing needs and discusses funding strategies and debt management policies for the OECD area and country groupings. In particular, it examines: gross borrowing requirements; net borrowing requirements; central government marketable debt; interactions between fiscal policy, public debt management and monetary policy; funding strategies, procedures and instruments; liquidity in secondary markets; implications of a low interest environment for government debt; and the outlook of inflation linked bonds.
The first OECD PISA international assessment of financial literacy examined 15-year-old students’ performance in financial literacy in the 18 countries and economies that participated in this optional assessment.
The OECD Programme for International Student Assessment (PISA) examines not just what students know in science, reading and mathematics, but what they can do with what they know. Results from PISA show educators and policy makers the quality and equity of learning outcomes achieved elsewhere, and allow them to learn from the policies and practices applied in other countries. PISA 2015 Results (Volume IV): Students’ Financial Literacy, is one of five volumes that present the results of the PISA 2015 survey, the sixth round of the triennial assessment. It explores students’ experience with and knowledge about money and provides an overall picture of 15-year-olds’ ability to apply their accumulated knowledge and skills to real-life situations involving financial issues and decisions.
Over the past decades, developed and emerging countries and economies have become increasingly concerned about the level of financial literacy of their citizens, particularly among young people. This initially stemmed from concern about the potential impact of shrinking public and private welfare systems, shifting demographics, including the ageing of the population in many countries, and the increased sophistication and expansion of financial services. Many young people face financial decisions and are consumers of financial services in this evolving context. As a result, financial literacy is now globally recognised as an essential life skill.
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23/05/2017 - Preliminary data for 2016 show that pension fund assets grew in most reporting economies. Pension fund investments increased in 32 out of the 35 OECD economies and 25 out of the 27 non-OECD economies covered.
This annual report on pensions markets reviews trends in the financial performance of pension funds, including investment returns and asset allocation. The 2015 edition also includes analysis of the extent to which data available show whether pension funds are involved in a “search for yield”.
13/05/2017 - With the frequency and scope of cyber incidents growing significantly, this report provides an overview of the market for cyber insurance as well as the current challenges in terms of data availability, quantification of cyber risks, awareness and misunderstanding about coverage. It identifies potential policy measures to address some of the main challenges to the development of an effective cyber insurance market.