This year's capital markets report provides a comprehensive survey of recent developments and trends in the advanced and emerging capital markets, focusing on financial market behavior during the Asian crisis, policy lessons for dealing with volatility in capital flows, banking sector...

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows. It focuses particularly on recent trends in liberalization and innovation in international financial markets, including relevant...

This paper provides an assessment of trends in the international capital markets, including most notably recent market shocks to the financial system and developments in the debt situation. It also reviews the scope of progress achieved over the last few years in strengthening the financial...

This paper reviews developments and issues in the exchange arrangements and currency convertibility of IMF members. Against the backdrop of continuing financial globalization and a series of emerging market crises since 1997, there have been important changes in the evolution of exchange rate...

A Development Emergency: the title of this year's Global Monitoring Report, the sixth in an annual series, could not be more apt. The global economic crisis, the most severe since the Great Depression, is rapidly turning into a human and development crisis. No region is immune. The poor...

Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the international financial system, currency crises,...