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Finance, amorality and double speak

When I was interviewing 200 bankers and banking staff working in Europe's financial centre the City of London, perhaps the most telling was the language. Not so much the profanities– though there were many of those–nor the technical stuff and three-letter acronyms (TLAs). Most striking were terms that seemed designed to sidestep any possibility of ethical discussion.




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OECD financial literacy study finds many adults struggle with money matters

12/10/2016 – Adults in many countries around the world display low levels of financial knowledge, fail to engage in financial behaviours that could improve their financial security and have financial attitudes oriented towards the short-term, as shown in the OECD/INFE International Survey of Adult Financial Literacy Competencies released today.




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Seminar on open and orderly capital movements

Co-organised by the OECD and the German Federal Ministry of Finance, the seminar focused on the policy implications of the increasingly interconnected global financial and economic system and the need for an open and orderly regime for capital flows in the context of the review of the OECD Code of Liberalisation of Capital Movements.




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Can reforms promoting growth increase financial fragility? An empirical assessment

Certain growth-promoting policies can have negative side-effects by increasing the vulnerability of economies to financial crises. Typical examples are greater openness to financial flows or more liberalised financial markets.




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OECD to launch Pensions Outlook 2016 Monday 5 December

OECD Pensions Outlook 2016, to be published on Monday 5 December at 12p.m. Paris time, assesses policy issues regarding strengthening pension systems and, in particular, funded pension plans.




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More private capital for infrastructure investment in Asia?

Since the financial crisis, infrastructure investment has moved up the political agenda in most countries – now also including the USA. Asia is often seen as the world’s infrastructure laboratory, with massive construction of transport and energy projects. This article discusses infrastructure investment, private finance, and institutional investors in Asia from a global perspective.




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Many teenagers struggle to understand money matters

Around one in four students in the 15 countries and economies* that took part in the latest OECD Programme for International Student Assessment (PISA) test of financial literacy are unable to make even simple decisions on everyday spending, while only one in ten can understand complex issues, such as income tax.




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Open and Orderly Capital Movements: Interventions from the 2016 OECD High-Level Seminar

This collection compiles the contributions of senior policy experts, academics, and economic practitioners on developments in the financial integration and financial regulation of cross-border capital flows since the 2008 global financial crisis at the OECD High-Level Seminar “Open and Orderly Capital Movements” held in October 2016.




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Corporate Bond Markets in a Time of Unconventional Monetary Policy

25 February 2019 - Corporate bond markets have become an increasingly important source of financing for non-financial companies since the global financial crisis. The total outstanding debt in the form of corporate bonds reached USD 13 trillion as of end-2018. In real terms, this is twice as much as in 2008. This paper documents a number of associated risks and vulnerabilities.




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Combating Money Laundering and the Financing of Terrorism in Latvia: Overview

A robust and resilient anti-money laundering and combating of terrorism financing (AML/CFT) regime is the first step towards being able to implement effective legal, regulatory and operational measures. This document describes recommendations made by the OECD in relation to Latvia’s efforts to strengthen its AML/CFT supervisory and control systems.




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Exchange rates, interest rates and other monthly monetary and financial statistics

Monthly monetary and financial statistics contains financial statistics on five separate subjects: monetary aggregates, interest rates, exchange rates, reserve assets, and share prices.




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Morocco - Credit Rating

Standard & Poor's credit rating for Morocco stands at BBB- with stable outlook. Moody's credit rating for Morocco was last set at Ba1 with stable outlook. Fitch's credit rating for Morocco was last reported at BBB- with negative outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Morocco thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Morocco as reported by major credit rating agencies.




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Rwanda Money Supply M2

Money Supply M2 in Rwanda decreased to 1867.30 RWF Billion in January from 1879.70 RWF Billion in December of 2019. Money Supply M2 in Rwanda averaged 744.54 RWF Billion from 2003 until 2020, reaching an all time high of 1879.70 RWF Billion in December of 2019 and a record low of 118.20 RWF Billion in January of 2003. This page provides - Rwanda Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Rwanda Inflation Rate MoM

The Consumer Price Index in Rwanda increased 1.90 percent in March of 2020 over the previous month. Inflation Rate Mom in Rwanda averaged 0.41 percent from 2009 until 2020, reaching an all time high of 4.04 percent in September of 2013 and a record low of -3.94 percent in December of 2013. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Rwanda Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Tax: Jurisdictions move towards full tax transparency

Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.




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Belgium should be more proactive in tackling mental health issues in the workplace, says OECD

Belgian companies, mutualities and employment services should be more proactive in helping people with mental health problems stay in the workplace or find a job, according to a new OECD report.




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Belgium will need more flexibility in aid programmes to meet poor-country goals

Belgium is making a laudable push to direct more development aid to the poorest countries, but to deliver on this it needs to set firm deadlines, make its aid programme more flexible, and should reverse a decline in overall aid, according to an OECD Review.




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Mr. Angel Gurría, Secretary-General of the OECD, in Brussels on Monday 16th October 2017

Mr. Angel Gurría, Secretary-General of the OECD, was in Brussels on Monday 16th October 2017 to attend the General Assembly of the World Steel Association, where he delivered a keynote address.




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Brunei Money Supply M1

Money Supply M1 in Brunei increased to 4578.39 BND Million in October from 4447.11 BND Million in September of 2019. Money Supply M1 in Brunei averaged 4430.94 BND Million from 2011 until 2019, reaching an all time high of 5758 BND Million in January of 2012 and a record low of 3323 BND Million in July of 2011. This page provides - Brunei Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Brunei Money Supply M2

Money Supply M2 in Brunei increased to 14337.22 BND Million in October from 14197.81 BND Million in September of 2019. Money Supply M2 in Brunei averaged 14299.93 BND Million from 2011 until 2019, reaching an all time high of 15310 BND Million in June of 2014 and a record low of 12331 BND Million in January of 2011. This page provides - Brunei Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Brunei Inflation Rate MoM

The Consumer Price Index in Brunei increased 0.10 percent in November of 2019 over the previous month. Inflation Rate Mom in Brunei averaged -0.01 percent from 2013 until 2019, reaching an all time high of 1.60 percent in December of 2014 and a record low of -1.80 percent in January of 2016. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Brunei Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Turkey Imports from Morocco

Imports from Morocco in Turkey decreased to 28493.97 USD THO in March from 47475.50 USD THO in February of 2020. Imports from Morocco in Turkey averaged 63182.54 USD THO from 2014 until 2020, reaching an all time high of 111982.78 USD THO in October of 2017 and a record low of 24 USD THO in April of 2014. This page includes a chart with historical data for Turkey Imports from Morocco.




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United Kingdom Mortgage Approvals

Mortgage Approvals in the United Kingdom decreased to 56.16 Thousand in March from 73.67 Thousand in February of 2020. Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Cyprus Money Supply M1

Money Supply M1 in Cyprus increased to 4429 EUR Thousand in December from 4209 EUR Thousand in November of 2007. Money Supply M1 in Cyprus averaged 1780.44 EUR Thousand from 1993 until 2007, reaching an all time high of 4429 EUR Thousand in December of 2007 and a record low of 792 EUR Thousand in February of 1993. This page provides - Cyprus Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Cyprus Money Supply M2

Money Supply M2 in Cyprus increased to 18440158 EUR Thousand in November from 18178113 EUR Thousand in October of 2007. Money Supply M2 in Cyprus averaged 10874443.64 EUR Thousand from 1997 until 2007, reaching an all time high of 18440158 EUR Thousand in November of 2007 and a record low of 6024459 EUR Thousand in February of 1997. Cyprus Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Cyprus Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Less income inequality and more growth - Are they compatible?

Can both less income inequality and more growth be achieved? A recent OECD study sheds new light on the link between policies that boost growth and the distribution of income.




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Promoting social cohesion in Korea

Korea faces the challenge of reversing rising inequality while sustaining robust economic growth.




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France: Promouvoir la croissance et la cohésion sociale

Ce document présente les principales recommandations de l'OCDE pour la France dans des domaines essentiels tels que la croissance et l’emploi (efficacité des services publics, système financier, innovation, fonctionnement des marchés des produits et du travail, éducation, retraites, réforme fiscale, croissance verte et agriculture) et la justice sociale (santé, logement, famille, jeunesse, intégration).




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Economy: OECD’s Gurría urges Italy to maintain reform momentum

Italy has made a major effort to speed up long-overdue economic reforms but it is now essential to maintain the momentum, OECD Secretary-General Angel Gurría said today in Rome.




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Indonesia should improve governance, productivity and tax collection to promote inclusive growth

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.




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Promoting SME development in Indonesia

Micro, small and medium-sized firms (MSMEs) are a key source of employment and economic growth in Indonesia. They contributed to the country’s economic resilience during the 2008-09 financial crisis.




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Slovak Republic remains strong, but it needs to become more inclusive, OECD says

The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, says the latest Economic Survey.




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Structural reforms more important than ever for a strong and balanced economic recovery

Structural reforms offer governments a powerful tool to boost economic growth, create jobs and bring about a strong and balanced economic recovery, according to the OECD’s latest Going for Growth report.




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Labour market and social policies to foster more inclusive growth in Sweden

Sweden is a very egalitarian country but inequalities have risen and some groups are poorly integrated into the labour market.




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Moving towards a single labour contract: pros, cons and mixed feelings

This paper discusses the pros and cons of a single labour contract. After reviewing the current state of dualism in labour markets and the recent labour reforms in Europe, we discuss the various proposals to eliminate dualism.




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France must do more to boost competitiveness and create jobs

France has avoided the most severe impacts of the global economic crisis and turmoil in the euro area, but must now take action to boost competitiveness and create jobs, according to the OECD’s latest Economic Survey of France.




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Speeding up reforms will foster more inclusive and greener growth in China

China has made tremendous progress toward achieving inclusive growth, but major reforms are needed to ensure a fourth decade of rapidly converging living standards and a greener economy, according to the OECD’s latest Economic Survey of China.




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Stepping up the pace of reform and fostering greener and more inclusive growth in China

China’s new leadership has signalled that it is time to step up the pace of reform, building on the remarkable economic and social achievements to date while recognising the pressing need for deep structural changes. Indeed, far-reaching reforms are necessary for continuing to raise living standards and well-being, even as China is poised to become the world’s largest economy by around 2016.




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Written Statement to the International Monetary and Financial Committee - April 2013

The OECD provides an update on global economy in this statement to the International Monetary and Financial Committee - April 2013.




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Homo Economicus: an uncertain guide

As humans, we face a constant internal conflict between immediate gratification and more prudent living. This conflict is also apparent in society. How can we ensure that the homo economicus within us takes the decisions that best affect our lives, and economies?




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Portugal: Reforming the State to promote growth

After two decades of strong economic growth and convergence in living standards towards the levels of more prosperous OECD countries, Portugal’s performance weakened in the 2000s, productivity growth slowed and competitiveness deteriorated. Restoring Portugal’s potential for strong, inclusive growth calls for a comprehensive reform of the State.




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Reforming agriculture and promoting Japan's integration in the world economy

The problems of Japanese agriculture – in particular low productivity and the prevalence of part-time farmers and small plots have been evident for the past 50 years.




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Challenges to sustain Poland’s growth model

Notwithstanding a very strong economic performance over the past decade or so, Poland’s per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes mostly because of population ageing.




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Policy determinants of school outcomes under model uncertainty: evidence from South Africa

In this paper we assess the determinants of secondary school outcomes in South Africa. We use Bayesian Averaging Model techniques to account for uncertainty in the set of underlying factors that are chosen among a very large pool of explanatory variables in order to minimize the risk of omitted variable bias.




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Labour market policies to promote growth and social cohesion in Korea

Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.




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Restructuring the electricity sector and promoting green growth in Japan

The 2011 disaster and nuclear problems opened the door to a new energy policy, as they raised fundamental questions about the electricity system’s ability to prevent and respond to accidents.




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The effectiveness of monetary policy since the onset of the financial crisis

In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD economies. It helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries lower than expected given the measures taken, and estimated economic slack remains large.




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The benefits and costs of highly expansionary monetary policy

How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the United States.




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Transitions in and out of unemployment among young people in the Irish recession

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.




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Irish recovery underway, but more inclusive growth and job creation needed, says OECD

Ireland’s economy is now showing encouraging signs of recovery from the financial crisis, but more must be done to reinvigorate growth and create the jobs that will get the country back to full health, according to the OECD.