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United States; 2006 Article IV Consultation: Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2006

The U.S. economy continued to grow strongly over the year even in the face of a withdrawal of monetary stimulus and high oil prices. Executive Directors commended the Federal Reserve for its monetary tightening. They recognized that the financial sector has proven innovative and resilient. They...

Persistent link: https://www.econbiz.de/10011244857

Does the World Need a Universal Financial Institution?

Boughton, James M. - International Monetary Fund (IMF) - 2005

All financial institutions specialize, in dimensions that may include categories of assets and liabilities, types of services offered, customer demographics, and geographic coverage. The International Monetary Fund is the only international financial institution that is universal in its...

Persistent link: https://www.econbiz.de/10005248315

Sovereign Insurance and Program Design; What is Optimal for the Sovereign?

Messmacher, Miguel - International Monetary Fund (IMF) - 2006

The design of the optimal sovereign insurance contract is analyzed when: the sovereign chooses the contract; effort is not contractible; shocks are of uncertain magnitude; the sovereign can save; and the sovereign can default. Under these conditions: i) an ex ante premium leads to higher coverage;...

Persistent link: https://www.econbiz.de/10005263743

From Crisis to Recovery in Korea; Strategy, Achievements, and Lessons

Kang, Kenneth; Liang, Hong; Ma, Henry; Richards, Anthony J. - International Monetary Fund (IMF) - 2001

This paper reviews and draws lessons from the stabilization and reform program that Korea implemented in response to the 1997-98 crisis. The economy recovered quickly from the deep recession in 1998 and its vulnerability to a balance of payments crisis has been reduced sharply. Significant...

Persistent link: https://www.econbiz.de/10005825786

Financial Sector Surveillance and the IMF

Gola, Carlo; Spadafora, Francesco - International Monetary Fund (IMF) - 2009

The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a...

Persistent link: https://www.econbiz.de/10008540920

Out of the Box Thoughts About the International Financial Architecture

Eichengreen, Barry J. - International Monetary Fund (IMF) - 2009

international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF … transactions, which would require someone-like the IMF-to act as market maker. It considers proposals for reimposing Glass …. Again there is likely to be a role for the IMF. Then there are arguments for a new agency or institution to deal with cross …

Persistent link: https://www.econbiz.de/10008528699