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OECD / Observer


The OECD Observer magazine presents concise, up-to-date and authoritative analysis of world economic, social and environmental issues.

Saving our savings
10 10 2008 Deposit insurance limits

Amid the worst current financial crisis since the 1930s, some government leaders have pledged to protect savers’ deposits and others are considering this option. Already most OECD countries have explicit deposit insurance schemes for savings up to certain limits. In a number of countries these have now been raised temporarily. Until the latest statements suggesting unlimited guarantees in some countries, legal coverage was highest in Norway, France, Italy and Mexico (see graph). Click here for full story.

The financial crisis and its aftermath
03 10 2008 We welcome and support the adoption of the systemic rescue plan announced by the US government on 19-20 September, which will contribute to re-establish the normal operation of financial markets and preserve employment and economic activity.The plan seeks to provide the US treasury with authority to issue up to US$700 billion of treasury securities to finance the purchase of troubled mortgage-related assets from financial institutions that operate in the US. Announcement of the plan has already triggered a partial return to normality in US and world financial markets.Such a recovery should continue as the plan’s operational, fiscal, and legal details are worked out in ongoing negotiations between the US government and congress and are enacted as federal law.

Read the full statement...

The future of the Internet economy
23 09 2008 Today, barely more than a decade after its first commercial incarnation, it is difficult to think of a policy domain that is not affected by the Internet.The Internet and the constellation of information technologies it connects are viewed as essential ingredients in addressing some of the world's most pressing policy issues: sustainable and increasing economic growth, ageing societies, environmental management, energy efficiency, the eradication of poverty, and many more. The implications for economic and social development are far-reaching and profound, including for the next several billion users.

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