Business and Finance at the OECD’s Post

💡 Read our new VoxEU article on "Changes in global corporate bond markets and dynamics around the investment grade threshold" analysing some of the major shifts in today’s global corporate bond markets. Importantly, the dominance of the investment grade segment by the lowest-rated issuers (BBB) and their increasing leverage may have important ramifications for market functioning and financial stability: https://lnkd.in/d66hHvKW 🔎 For more in-depth analysis of this evolution and other developments in global corporate #debt and their potential implications, read our Global Debt Report 2024. The report looks at how a decade of unconventional monetary policy, the regulatory overhaul in the wake of the 2008 financial crisis, and shifts in economic weight have resulted in an entirely new market landscape: https://lnkd.in/dhzs-mJv Alejandra Medina (PhD); Carl Magnus Magnusson; Center for Economic and Policy Research

🌐 Understanding Financial Literacy: Insights from NEW #PISA 2022 report 📊   15-year old students actively use financial products and services but their levels of financial literacy should continue to be improved. This is essential to help them better manage their money at a young age and help them navigate new challenges in an increasingly digitalised financial landscape. Schools, parents and the immediate environment all have an important role to play.   Key insights from the financial literacy assessment of 15-year-olds:   💡 Socio-economic background matters: Socio-economic factors significantly influence financial literacy, with advantaged students outperforming disadvantaged peers.   💰 Spending & saving behaviours: Students who excel in financial literacy are more likely to compare prices before purchases and save money.   👥 Parental involvement & school exposure: Regular discussions about money matters positively correlate with higher financial literacy scores. Students exposed to finance-related terms in school demonstrate better financial literacy performance.   The need to improve financial literacy skills remains high. Governments should consider strengthening financial education in school, reinforcing financial literacy among parents, and ensure that opportunities to access and use financial services, in particular online, are safe and age appropriate.   #FinancialLiteracy #PISA2022 #EducationForAll #EmpowerYouth Global Money Week | OECD Education and Skills | Elsa Favre-Baron, CAIA | Chiara Monticone | Rachel Karen | Federica D'Agostino

How financially smart are students? Our new report assessing the financial literacy of 15-year-old students shows that 2/3 of students make spending decisions but their levels of knowledge on money matters is not sufficient. 15-year-old students actively use financial products and services but nearly 1/5 of students on average in participating OECD countries and economies did not achieve baseline proficiency levels in financial literacy. Stronger financial education is essential to help them better manage their money at a young age and navigate new challenges in an increasingly digitalised financial landscape. Read the findings of the new #PISA2022 Volume IV ➡️ https://lnkd.in/e6KQcGdN Elsa Favre-Baron, CAIA, Chiara Monticone, Rachel Karen, PhD, Federica D'Agostino

How financially smart are students?   Join us online tomorrow for the presentation of the results of the #PISA survey on financial literacy at 11:00 CEST: https://lnkd.in/e6KQcGdN Rachel Karen | Federica D'Agostino | Elsa Favre-Baron, CAIA | Chiara Monticone

⌛ SAVE THE DATE for the launch of PISA 2022 Volume IV: How Financially Smart Are Students? 📅 27 June at 11:00 CEST 🔴 LIVE Broadcast This volume examines 15-year-old students’ understanding of money matters in 20 countries and economies. Opening remarks by OECD Secretary-General Mathias Cormann, followed by presentations by Andreas Schleicher, OECD Director for Education and Skills and Carmine Di Noia, OECD Director for Financial and Enterprise Affairs. Read more in our latest newsletter: https://lnkd.in/dHxdykW4

📢 Join us for the launch of the new OECD PISA 2022 Financial Literacy Assessment 📅 Discover the latest insights into 15-year-old students' understanding of money matters across 20 countries and economies and explore how financial literacy varies across socio-demographic factors, differences into students' financial behaviour and attitudes, and their exposure to financial literacy in school. Opening remarks by OECD Secretary-General Mathias Cormann, followed by presentations by Andreas Schleicher, OECD Director for Education and Skills and Carmine Di Noia, OECD Director for Financial and Enterprise Affairs. Don't miss this opportunity to gain a comprehensive overview of the financial literacy of students and discuss the implications for policy. 📰 27 June 2024 @ 11am CEST 🔗 https://lnkd.in/dB3j8rpB #PISA2022 #FinancialLiteracy #OECD #Education #Finance Elsa Favre-Baron, CAIA, Chiara Monticone, Rachel Karen, Federica D'Agostino

We are delighted to announce that the OECD Working Group on #Bribery has selected Kathleen Roussel from Canada to serve as its new Chair. Ms. Roussel will lead the Working Group in its mandate to combat bribery in international business transactions, including through monitoring the implementation and enforcement of the OECD Anti-Bribery Convention, the 2021 Anti-Bribery Recommendation, and other related instruments. Kathleen Roussel has been Director of Public Prosecutions and Deputy Attorney General of Canada since June 2017, a post she will leave this month. Read the press release: https://lnkd.in/day8ufma