Even in normal times, meeting a government’s funding needs through borrowing can be challenging. Wartime conditions – including suddenly increased borrowing needs, a loss of market confidence and operational difficulties – make it even harder. In this interview, Yuriy Butsa, Ukraine’s Government Commissioner for Public Debt Management, answers questions about the challenges Ukraine has faced to date as a result of Russia’s large-scale aggression and about his near-term expectations.
The latest report from the OECD’s Global Blockchain Policy Forum underlines the opportunities for blockchain to support cross-border economic activity, and the need for international cooperation to realise these benefits and mitigate risks to global governance. OECD’s Oliver Garrett-Jones unpacks what this means for governments and industry, and where international efforts are headed.
Institutional investors are increasingly participating in digital asset markets and this can pose investor risks at the micro-level while potentially creating channels of contagion between DeFi and traditional finance (TradFi). OECD’s Iota Nassr considers the multitude of potential risks involved in the growing crypto-asset and DeFi markets and the role policy makers can play to evaluate and address these risks.
State-owned enterprises are more and more present in the international marketplace and this can have implications for fair competition and a level playing field for doing business. OECD’s Hans Christiansen, Chung-a Park and Emeline Denis share insights from a new report which surveys trends in the ownership and governance of state-owned enterprises globally.
Artificial Intelligence (AI) promises to bring significant procompetitive consumer benefits but these developments are accompanied by a number of potential risks relating to competition. The OECD's James Mancini highlights some of these risks and looks at competition policy options that can help to ensure that AI reaches its procompetitive potential.
The deployment of Artificial Intelligence (AI) in the financial sector is bringing both benefits and new or amplified risks. While supporting AI-driven innovation in finance, the OECD’s Iota Nassr looks at some of these risks and the different tools policy makers can use to address them.
Emerging markets have increasingly been using macroprudential policy to mitigate risks from high currency exposures in both banks’ and firms’ balance sheets. One widely-used tool is foreign exchange (FX)-differentiated reserve requirements.
Anna Griffin outlines how a new project by Transparency International Australia will identify the loopholes that enable corruption to thrive in the infrastructure sector in the Asia-Pacific region
The difference in retirement income between men and women averages 26% across OECD countries, clearly signaling gender inequality despite efforts by governments in recent decades to reduce the gender gap in pension systems. The growing role of retirement savings arrangements within pension systems calls for a deeper analysis of their contribution to this gender pension gap.
In this interview by Matthieu Saint-Olive from ConsenSys, Jean-Michel Godeffroy, Director General for 16 years at the European Central Bank, shares his vision for central bank digital currencies