systemic financial risk. Benefits, such as enhanced investment and consumption smoothing, tend to be greater for countries … national level, robust macroprudential policy frameworks focused on mitigating systemic risk can improve the capacity of a … and to reduce systemic financial risk stemming from such flows (CFM/MPMs), and thereby ensure the appropriate application …

international asset positions now dwarfing output, global portfolio allocations and reallocations have profound effects on the world …

system, underscoring the value of a GFSN design that is effective in forestalling the risk that a localized liquidity shock …