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.
Category: Financial markets
From “DeFi summer” to “crypto winter”: leverage, liquidations and policy implications
Decentralised Finance or ‘DeFi’ is the latest development in the crypto-asset space, and claims the potential to replicate the traditional financial system in an open, decentralised, permissionless and autonomous way, through applications built on the blockchain. Given the rapid growth of DeFi and commensurate risks, OECD’s Iota Nassr highlights why policy makers need to monitor this market closely and eventually take action to mitigate emerging risks.
How can corporate governance frameworks adapt to the impact of COVID-19 and other new realities?
As a review of the OECD/G20 Principles of Corporate Governance gets underway, OECD’s Daniel Blume and Serdar Çelik take a look at what is in store for corporate governance frameworks
Artificial intelligence in finance: Is machine learning going to dominate the markets?
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.
How effective are FX reserve requirements in the monetary policy toolkit?
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.
Global policy responses to capital flow volatility
The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the need to have an adequate policy toolkit to manage the risks that stem from these flows, while maximising their benefits.
Unlocking the full potential of sustainable finance
Environmental, Social and Governance (ESG) investing has grown considerably and is fast becoming mainstream. Yet market participants across the board are missing the relevant, comparable ESG data they need to properly inform decisions, manage risks, measure outcomes, and align investments with sustainable, long-term value. OECD's Greg Medcraft summarises the findings in the 2020 OECD Business and Finance Outlook.
Mapping the faultlines in the global financial system
With the COVID-19 pandemic putting enormous strain on financial markets, a new OECD report shows how the structure of markets has changed since the last crisis and where new fragilities lie.
Protecting consumers’ interests in digital markets: The experience of Australia
Sara Court, Commissioner of the Australian Competition and Consumer Commission (ACCC), writes about efforts to protect consumers’ interests in digital markets without stifling innovation in advance of the 2020 OECD Competition Open Day.
Parting ways in the global marketplace
News of investment by a foreign multinational is usually celebrated but corporate divestments – just as break-ups – are less frequently advertised.