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The past five years have seen an expansion of the scope of FSAPs to assess countries' macroprudential policy (MaPP) frameworks. This note documents this increase and offers some suggestions on how the treatment of MaPP issues in FSAPs can be further strengthened and better integrated into the...
Persistent link: https://www.econbiz.de/10014410563
developing and emerging market countries, FSAP assessments are usually conducted jointly with the World Bank and include two … main responsibility of the World Bank). Each FSAP concludes with the preparation of a Financial System Stability Assessment … a number of far-reaching reforms that have clarified the responsibilities of the Fund and the Bank in developing and …
Persistent link: https://www.econbiz.de/10014410567
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and...
Persistent link: https://www.econbiz.de/10014398351
This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
Persistent link: https://www.econbiz.de/10009582713
This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the...
Persistent link: https://www.econbiz.de/10014401002
The IMF's 2009 Annual Report chronicles the response of the Fund's Executive Board and staff to the global financial crisis and other events during financial year 2009, which covers the period from May 1, 2008, through April 30, 2009. The print version of the Report is available in eight...
Persistent link: https://www.econbiz.de/10014403938
The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue decline from the downturn in commodity and asset prices, are leading to sharp...
Persistent link: https://www.econbiz.de/10014404400
improve the efficiency of service delivery in the face of fiscal constraints. Unlike previous crises, however, this one was … World Bank and the International Monetary Fund. It provides a development perspective on the global economic crisis and …
Persistent link: https://www.econbiz.de/10014399405
Over the past decade, Indonesia has developed into an important regional and global economy, as well as an active participant in the G20. The chapters in this book document the substantial improvements in the quality of macroeconomic policy that Indonesia has achieved, while also clearly laying...
Persistent link: https://www.econbiz.de/10014397052