The value of implicit guarantees has declined from its peak at the height of the financial crisis, which is consistent with progress made regarding the bank regulatory reform agenda, as one would expect that many of the reform measures imply a more limited value of implicit guarantees for bank debt. Implicit guarantees persist however and their value continues to be significant.

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.

This report describes the key findings from responses by 35 countries to a survey on implicit guarantees. Policy makers have announced their intention to rein in the values of implicit guarantees so it is important to measure their value to help facilitate the task of assessing progress in reducing their value.

Bank regulatory reform measures are expected to limit the value of implicit bank debt guarantees, even if not plainly targeting such values. These survey results, covering 35 countries, show that no single policy is considered capable of fully eliminating the market perception that bank debt is “special”. A mixture of different and complementary measures is seen to hold greater promise.

This blog post by Adrian Blundell-Wignall builds on a working paper he published earlier this year titled "The Bitcoin Question: Currency versus Trust-less Transfer Technology".

Washington DC, 10 September 2014: This meeting addressed the evolution of the terrorism threat, the availability and affordability of terrorism risk insurance, the financial liability of governments and short and long-term perspectives.

As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.

What are the economic effects of implicit bank debt guarantees and who ultimately benefits? This report sheds light on these questions

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.

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.

The OECD hosted a workshop on green investment banks on 20 May 2015. It built upon discussions of green banks at the OECD Green Investment Financing Fora (May 2015 and June 2014) and continued international dialogue on the experiences of green banks. The workshop welcomed 9 different green banks, public financial institutions, NGOs, the private sector and over 20 countries interested in the green bank model.

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.

This chapter from the 2015 OECD Business and Finance Outlook examines the potential impact of an environment of protracted low interest rates on pension systems and life insurance companies. It describes the mechanisms through which prolonged low interest rates can affect the solvency position of these institutions and uses available data to assess potential impacts.

In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.

The OECD presented today the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at their meeting on 8 October, in Lima, Peru.

2 December 2015 - The global financial and economic crisis of 2008 left the international monetary system with vulnerabilities caused by volatile capital flows and spillovers from national policy responses. The current policy environment has moved multilateral co-operation, openness and transparency to the top of the capital flow policy agenda.

This brochure looks at how financial education can contribute to longer term policies aimed at facilitating the integration of refugees. The provision of financial education, as a complement to supply-side financial inclusion initiatives as well as other education and health support, can support refugees and migrants by facilitating social and labour market inclusion as well as improve their (financial) well-being.

Funded Pension arrangements, in particular defined contribution ones, are playing a growing role in complementing retirement income from public sources in OECD countries and worldwide. However, their design needs to be improved, according to a new OECD report.

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.

The global economy is expected to pick up moderately but greater efforts are needed to ensure that the benefits from growth and globalisation are more widely shared, according to the OECD’s latest Economic Outlook.

This report examines the approaches adopted in 23 OECD and EU countries for evaluating the performance and cost-effectiveness of publicly supported credit guarantee programmes for SMEs.

25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity.

Leading actors across the green finance and investment community talk to the OECD about what has to be done to achieve the objectives of the Paris Agreement and the broader set of environmental objectives linked to the Sustainable Development Goals (SDGs).

26/10/2018 - The OECD Committee on Financial Markets has confirmed the appointment of Aerdt Houben, Director of the Financial Markets Division at De Nederlandsche Bank, as its Chair.

12-13 November 2018, São Paulo, Brazil - A series of events addressing the most recent trends, opportunities and challenges in financial education will be co-hosted by the OECD and CVM Brazil.

07/03/2019 - The OECD Insurance and Private Pensions Committee (IPPC) has confirmed the appointment of Mr Yoshihiro Kawai, Advisor to the Commissioner, Japan Financial Services Agency, as its Chair.

Mr. Angel Gurría, Secretary-General of the OECD, will participate in the G7 Finance Ministers and Central Bank Governors’ meeting in Chantilly, on 17-18 July 2019.

This paper discusses the results of the 2011-2012 OECD LEED study of measuring green growth in the Benelux countries (Belgium, The Netherlands and Luxembourg). The study paid particular attention to the challenges of measuring the transition to a low-carbon economy in cross-border areas as they have additional levels of complexity when it comes to measuring and monitoring their low-carbon transition.

The global economic crisis has had a profound impact on people’s well-being, reaching far beyond the loss of jobs and income, and affecting citizens’ satisfaction with their lives and their trust in governments, according to a new OECD report.

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.

Belgium’s tax, labour, pension and education reforms have improved the potential for stronger, sustainable and inclusive growth over the long term. Keeping up this momentum on structural reforms is key to energise the economy and keep it resilient to external risks and uncertainties, according to a new OECD report.

Banks Balance Sheet in Brunei decreased to 16853.63 BND Million in September from 16891.02 BND Million in August of 2019. Banks Balance Sheet in Brunei averaged 17979.12 BND Million from 2011 until 2019, reaching an all time high of 21121 BND Million in December of 2011 and a record low of 16118 BND Million in February of 2011. This page provides - Brunei Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Internet Speed in Malawi decreased to 1308.79 KBps in the first quarter of 2017 from 1447.86 KBps in the fourth quarter of 2016. Internet Speed in Malawi averaged 825.29 KBps from 2007 until 2017, reaching an all time high of 1909.80 KBps in the fourth quarter of 2014 and a record low of 86.23 KBps in the third quarter of 2009. This page includes a chart with historical data for MalawiInternet Speed.

Internet Speed in Mali decreased to 773.93 KBps in the first quarter of 2017 from 1029.88 KBps in the fourth quarter of 2016. Internet Speed in Mali averaged 475.52 KBps from 2007 until 2017, reaching an all time high of 1029.88 KBps in the fourth quarter of 2016 and a record low of 235.49 KBps in the third quarter of 2010. This page includes a chart with historical data for MaliInternet Speed.

Exports to Greece in Turkey decreased to 123.25 USD Million in March from 143.23 USD Million in February of 2020. Exports to Greece in Turkey averaged 143.56 USD Million from 2014 until 2020, reaching an all time high of 216.17 USD Million in February of 2019 and a record low of 83.40 USD Million in August of 2015. This page includes a chart with historical data for Turkey Exports to Greece.

Imports from Greece in Turkey decreased to 91431.60 USD THO in March from 115146.15 USD THO in February of 2020. Imports from Greece in Turkey averaged 165469.35 USD THO from 2014 until 2020, reaching an all time high of 482914 USD THO in May of 2014 and a record low of 55904.06 USD THO in July of 2016. This page includes a chart with historical data for Turkey Imports from Greece.

Government Debt in Greece increased to 356014.92 EUR Million in the fourth quarter of 2019 from 353850.25 EUR Million in the third quarter of 2019. Government Debt in Greece averaged 304520.13 EUR Million from 2005 until 2019, reaching an all time high of 367978 EUR Million in the fourth quarter of 2011 and a record low of 215415.74 EUR Million in the fourth quarter of 2005. This page provides the latest reported value for - Greece Central Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in Greece increased to 65.60 points in the fourth quarter of 2019 from 65.20 points in the third quarter of 2019. Housing Index in Greece averaged 77.97 points from 2006 until 2019, reaching an all time high of 102.20 points in the third quarter of 2008 and a record low of 58.90 points in the third quarter of 2017. This page provides the latest reported value for - Greece House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Greece expanded 1 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Greece averaged 0.94 percent from 1996 until 2019, reaching an all time high of 6.80 percent in the fourth quarter of 2003 and a record low of -10.30 percent in the first quarter of 2011. In Greece, household consumption is the main component of GDP and accounts for 72 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (12 percent). Exports of goods and services account for 33 percent of GDP while imports account for 35 percent, subtracting 2 percent of total GDP. This page provides the latest reported value for - Greece GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Capacity Utilization in Greece decreased to 70.30 percent in February from 72.30 percent in January of 2020. Capacity Utilization in Greece averaged 73.83 percent from 1981 until 2020, reaching an all time high of 83.80 percent in January of 1981 and a record low of 61.30 percent in August of 2015. This page provides the latest reported value for - Greece Capacity Utilization - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Hospital Beds in Greece increased to 4.21 per 1000 people in 2017 from 4.20 per 1000 people in 2016. Hospital Beds in Greece averaged 5.35 per 1000 people from 1960 until 2017, reaching an all time high of 6.47 per 1000 people in 1975 and a record low of 4.20 per 1000 people in 2016. This page includes a chart with historical data for Greece Hospital Beds.

Hospitals in Greece decreased to 25.76 per one million people in 2017 from 25.98 per one million people in 2016. Hospitals in Greece averaged 37.36 per one million people from 1980 until 2017, reaching an all time high of 72.60 per one million people in 1980 and a record low of 25.76 per one million people in 2017. This page includes a chart with historical data for Greece Hospitals.

ICU Beds in Greece averaged 379.11 per 100K people from 1993 until 2014, reaching an all time high of 405.30 per 100K people in December of 2009 and a record low of 346.25 per 100K people in December of 2014. This page includes a chart with historical data for Greece ICU Beds.

Greece recorded a government budget deficit of 715.30 EUR Million in March of 2020. Government Budget Value in Greece averaged -4933.55 EUR Million from 1995 until 2020, reaching an all time high of 22737.60 EUR Million in October of 1998 and a record low of -30872 EUR Million in December of 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Greece Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks Balance Sheet in Greece decreased to 308964.26 EUR Million in March from 314569.78 EUR Million in February of 2020. Banks Balance Sheet in Greece averaged 327086.40 EUR Million from 1998 until 2020, reaching an all time high of 544679.70 EUR Million in June of 2010 and a record low of 141300.10 EUR Million in March of 1998. This page provides the latest reported value for - Greece Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Greece decreased to 16.10 percent in February from 16.20 percent in January of 2020. Unemployment Rate in Greece averaged 16.28 percent from 1998 until 2020, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 percent in May of 2008. In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment Rate in Greece increased to 83.04 percent in February from 82.81 percent in January of 2020. Employment Rate in Greece averaged 83.06 percent from 2004 until 2020, reaching an all time high of 93.28 percent in May of 2008 and a record low of 71.29 percent in November of 2013. In Greece, the employment rate measures the number of people aged 15 to 74 who have a job as a percentage of the labour force from the same age group. This page provides - Greece Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Greece decreased to 3779.23 Thousand in February of 2020 from 3857.07 Thousand in January of 2020. Employed Persons in Greece averaged 4053.86 Thousand from 2004 until 2020, reaching an all time high of 4658.20 Thousand in October of 2008 and a record low of 3438.10 Thousand in March of 2015. In Greece, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides the latest reported value for - Greece Employed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

CPI Housing Utilities in Greece decreased to 115.14 points in April from 117.40 points in March of 2020. CPI Housing Utilities in Greece averaged 101 points from 1999 until 2020, reaching an all time high of 134.22 points in February of 2013 and a record low of 63.28 points in February of 1999. This page provides - Greece Cpi Housing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Greece decreased to 120.24 points in April of 2020 from 123.51 points in March of 2020. CPI Transportation in Greece averaged 105.85 points from 1999 until 2020, reaching an all time high of 130.61 points in July of 2019 and a record low of 76.55 points in February of 1999. This page provides - Greece Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.