This study models the distance-to-default (DTD) of a large sample of banks from 2004 to 2011 and examines the results from the perspective of policy approaches that aim to reduce the riskiness of banks.

This article summarises discussions from a financial roundtable addressing concerns about structural flaws in the way banks operate and are being regulated and supervised in the wake of on-going banking sector problems involving financial fraud and banking scandals.

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.

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.

This report shows how OECD’s work on financial markets, with the Committee on Financial Markets (CMF) at its core, has evolved over the past five decades. More than just a chronology, it attempts to explain and analyse the factors and dynamics that transformed financial markets and the work conducted in that area – thereby putting into perspective the challenges that lie ahead.

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.

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.

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.

This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries.

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language, this analysis mainly focuses on the role of product market regulation stringency and heterogeneity, and on the role of employment protection.

Improving Myanmar's agricultural sector by building up food processing activities and related services could help the transformation of the country's economy, to a more modern one able to produce higher-value goods for export, according to a new OECD report.

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.

Austria has a model of "separate gender roles" in work, family and life arrangements which persists despite efforts to better balance these roles.

The Canadian economy is adjusting to the fall in commodity prices, but additional policies are needed to boost productivity, reduce financial stability risks and make future growth stronger, greener and more inclusive, according to a new OECD report.

This paper firstly describes the role of models in producing OECD global macroeconomic forecasts; secondly, reviews the OECD's forecasting track record; and finally, considers the relationship between forecast performance and models.

Global economic growth is expected to pick up modestly next year to around 3.6 % from a projected 3.3% in 2017 but risks of rising protectionism, financial vulnerabilities, potential volatility from divergent interest rate paths and disconnects between market valuations and real activity hang over the outlook, according to the OECD.

The Czech economy is thriving, with robust employment, expanding exports and falling government debt. Efforts should now focus on boosting workforce skills and innovation to improve labour supply and productivity, further reduce poverty and inequality, and green the economy, according to two new OECD reports.

The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook.

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.

Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.

These graphs offer a brief summary of the commodity trade situation in the country.

This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks

As the OECD celebrates its 10th Rural Conference this edition will look at the next steps for the OECD Rural Policy Programme and consider the direction for future work.

This report reviews structural changes in the stock exchange industry and provides data on M&A changes in the aggregate revenue structure of major stock exchanges. It describes the fragmentation of the stock market resulting from an increase in stock exchange-like trading venues, such as alternative trading systems (ATSs) and multilateral trading facilities (MTFs), and a split between dark (non-displayed) and lit (displayed) trading.

29 June 2017 - On the occasion of the 5th Global Forum on Responsible Business Conduct, Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20, draws attention to the human rights abuse of modern slavery and makes a plea for reinforced international coordination and cooperation to help fight this unacceptable reality.

GDP From Services in Germany increased to 128.67 EUR Billion in the fourth quarter of 2019 from 127.65 EUR Billion in the third quarter of 2019. GDP From Services in Germany averaged 86.58 EUR Billion from 1991 until 2019, reaching an all time high of 128.67 EUR Billion in the fourth quarter of 2019 and a record low of 53.44 EUR Billion in the first quarter of 1991. This page provides - Germany Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Slovenia decreased to 2122.70 EUR Million in the fourth quarter of 2019 from 2152.30 EUR Million in the third quarter of 2019. GDP From Services in Slovenia averaged 1460.85 EUR Million from 1995 until 2019, reaching an all time high of 2152.30 EUR Million in the third quarter of 2019 and a record low of 829.80 EUR Million in the first quarter of 1995. This page provides - Slovenia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Croatia decreased to 16643 HRK Million in the fourth quarter of 2019 from 25861 HRK Million in the third quarter of 2019. GDP From Services in Croatia averaged 14167.49 HRK Million from 2000 until 2019, reaching an all time high of 25861 HRK Million in the third quarter of 2019 and a record low of 7565 HRK Million in the first quarter of 2000. This page provides - Croatia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Portugal increased to 8958.10 EUR Million in the fourth quarter of 2019 from 8867.90 EUR Million in the third quarter of 2019. GDP From Services in Portugal averaged 7052.44 EUR Million from 1995 until 2019, reaching an all time high of 8958.10 EUR Million in the fourth quarter of 2019 and a record low of 5308.90 EUR Million in the first quarter of 1995. This page provides - Portugal Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Czech Republic increased to 211505 CZK Million in the fourth quarter of 2019 from 211206 CZK Million in the third quarter of 2019. GDP From Services in Czech Republic averaged 158086.10 CZK Million from 1996 until 2019, reaching an all time high of 211505 CZK Million in the fourth quarter of 2019 and a record low of 104815 CZK Million in the first quarter of 1996. This page provides - Czech Republic Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Cyprus increased to 1172.30 EUR Million in the fourth quarter of 2019 from 1157.90 EUR Million in the third quarter of 2019. GDP From Services in Cyprus averaged 878.31 EUR Million from 1995 until 2019, reaching an all time high of 1172.30 EUR Million in the fourth quarter of 2019 and a record low of 575.92 EUR Million in the third quarter of 1996. This page provides - Cyprus Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Bulgaria increased to 6876.82 BGN Million in the fourth quarter of 2019 from 6187.33 BGN Million in the third quarter of 2019. GDP From Services in Bulgaria averaged 2717.12 BGN Million from 1995 until 2019, reaching an all time high of 6900.26 BGN Million in the fourth quarter of 2018 and a record low of 18.12 BGN Million in the first quarter of 1995. This page provides - Bulgaria Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Romania increased to 13141.90 RON Million in the fourth quarter of 2019 from 12815.70 RON Million in the third quarter of 2019. GDP From Services in Romania averaged 6708.95 RON Million from 1995 until 2019, reaching an all time high of 13141.90 RON Million in the fourth quarter of 2019 and a record low of 3420.40 RON Million in the first quarter of 1995. This page provides - Romania Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Slovakia decreased to 3471 EUR Million in the fourth quarter of 2019 from 4199 EUR Million in the third quarter of 2019. GDP From Services in Slovakia averaged 3029.96 EUR Million from 1997 until 2019, reaching an all time high of 4199 EUR Million in the third quarter of 2019 and a record low of 1820 EUR Million in the fourth quarter of 2000. This page provides - Slovakia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

CRB Index decreased 64.19 points or 32.65% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, CRB Commodity Index reached an all time high of 470.17 in July of 2008. Thomson Reuters/CoreCommodity CRB Index is calculated using arithmetic average of commodity futures prices with monthly rebalancing. The index consists of 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, RBOB Gasoline, Silver, Soybeans, Sugar and Wheat. Those commodities are sorted into 4 groups, with different weightings: Energy: 39%, Agriculture: 41%, Precious Metals: 7%, Base/Industrial Metals: 13%.

S&P GSCI decreased 1,242.04 points or 47.92% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, GSCI Commodity Index reached an all time high of 9993.62 in June of 2008. The S&P GSCI® is a composite index of commodity sector returns representing an unleveraged, long-only investment in commodity futures that is broadly diversified across the spectrum of commodities. The index consists of 24 commodities from all commodity sectors - energy products, industrial metals, agricultural products, livestock products and precious metals but its exposure to energy sector is much higher than other commodity price indices.

GDP From Services in Estonia decreased to 84.77 EUR Million in the fourth quarter of 2019 from 93.33 EUR Million in the third quarter of 2019. GDP From Services in Estonia averaged 64.45 EUR Million from 1995 until 2019, reaching an all time high of 97.98 EUR Million in the third quarter of 2014 and a record low of 27.32 EUR Million in the first quarter of 1995. This page provides - Estonia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Belgium increased to 19261 EUR Million in the fourth quarter of 2019 from 18184 EUR Million in the third quarter of 2019. GDP From Services in Belgium averaged 17634.21 EUR Million from 1995 until 2019, reaching an all time high of 19888 EUR Million in the fourth quarter of 2007 and a record low of 14910 EUR Million in the third quarter of 1998. This page provides - Belgium Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Serbia increased to 171652.90 RSD Million in the fourth quarter of 2019 from 163612.50 RSD Million in the third quarter of 2019. GDP From Services in Serbia averaged 103375.02 RSD Million from 1996 until 2019, reaching an all time high of 171652.90 RSD Million in the fourth quarter of 2019 and a record low of 39920.70 RSD Million in the second quarter of 1999. This page provides - Serbia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports - Commodities & Transactions Not Classified in Japan decreased to 93939.88 JPY Million in March from 97912.55 JPY Million in February of 2020. Imports - Commodities & Transactions Not Classifie in Japan averaged 80276.60 JPY Million from 1988 until 2020, reaching an all time high of 153833.94 JPY Million in September of 1990 and a record low of 37321.14 JPY Million in December of 1993. This page includes a chart with historical data for Japan Imports of Commodities & Transactions Not Classif.

Imports of Commodities & Transactions, Nec in Australia increased to 1223 AUD Million in March from 997 AUD Million in February of 2020. Imports of Commodities & Transactions, Nec in Australia averaged 512.88 AUD Million from 1988 until 2020, reaching an all time high of 5123 AUD Million in May of 2017 and a record low of 38 AUD Million in April of 1995. This page includes a chart with historical data for Australia Imports of Commodities & Transactions, Nec.

Imports of Special Transactions & Commodities in Australia remained unchanged at 0 AUD Million in March from 0 AUD Million in February of 2020. Imports of Special Transactions & Commodities in Australia averaged 7.67 AUD Million from 1988 until 2020, reaching an all time high of 130 AUD Million in August of 1990 and a record low of 0 AUD Million in January of 2014. This page includes a chart with historical data for Australia Imports of Special Transactions & Commodities.

Imports: Naics - Miscellaneous Manufactured Commodities in the United States decreased to 7543.10 USD Million in March from 8724.90 USD Million in February of 2020. Imports: Naics - Miscellaneous Manufactured Commod in the United States averaged 8420.20 USD Million from 2003 until 2020, reaching an all time high of 14258.90 USD Million in October of 2018 and a record low of 4306.50 USD Million in February of 2003. This page includes a chart with historical data for the United States Imports of NAICS - Miscellaneous Manufactured Com.

Swiss firm hired to test mainstream software despite launch of go-it-alone system

Decision to drive down crude price after Russia row will hit revenue

Simon Kuper on how a new generation of CEOs has a different approach to life at the top

Postmodernism defined itself against the stifling clarity and seriousness Modernism. It put style before drab functionality. It embraced pop culture and garish colour. But it got a bad rep. “PoMo” was called vacuous and kitsch, and in the 1980s it became associated with corporate culture and consumerism. Now this controversial cultural movement is the subject of a major exhibition at London’s Victoria and Albert museum, "Postmodernism: Style and Subversion 1970–1990". Neville Hawcock talks to Glenn Adamson, co-curator of the show, and to FT columnists Edwin Heathcote and Peter Aspden. Produced by Griselda Murray Brown  

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More volatility ahead as US oil storage capacity is depleting, analysts warn