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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

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

International Financial Contagion and the Fund; A Theoretical Framework

Clark, Peter B.; Huang, Haizhou - International Monetary Fund (IMF) - 2001

a lower IMF rate. Highly indebted countries hit by large negative shocks to output will default. The resulting reduction … further rounds of defaults. In this environment the IMF can limit default and internalize the externality generated by … contagion through its lending with conditionality. We characterize the IMF's optimal lending decision in mitigating the loss in …

Persistent link: https://www.econbiz.de/10005826144

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

From Crisis to IMF-Supported Program; Does democracy impede the speed required by financial markets?

Mody, Ashoka; Saravia, Diego - International Monetary Fund (IMF) - 2008

agreement on an IMF-supported adjustment program. This span appears to have decreased over time. More precisely, we find that …

Persistent link: https://www.econbiz.de/10005605163