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Conventional and Insidious Macroeconomic Balance-Sheet Crises
Bakker, Bas B.; Lipschitz, Leslie - International Monetary Fund (IMF) - 2014
This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises … led to a substantial build up of foreign currency exposure. Insidious crises are triggered by internal imbalances and … now better able to forestall conventional crises, but they are much less capable of early detection and avoidance of …
Persistent link: https://www.econbiz.de/10010959462
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Global Risks and Collective Action Failures: What Can the International Community Do?
Otker-Robe, Inci - International Monetary Fund (IMF) - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They … hamper accumulation and use of knowledge to triger appropriate action, but diverging national interests remain the key …
Persistent link: https://www.econbiz.de/10010959476
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Financial Deepening and International Monetary Stability
Wang, Shengzu; Marsh, Chris; Goyal, Rishi; Raman, Narayanan - International Monetary Fund (IMF) - 2011
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790489
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Redesigning the Contours of the Future Financial System
Kodres, Laura E.; Narain, Aditya - International Monetary Fund (IMF) - 2010
This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financial regulations that reflect the systemic nature of financial risks and the role...
Persistent link: https://www.econbiz.de/10011123890
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Shaping the New Financial System
Moretti, Marina; Narain, Aditya; Kodres, Laura E.; … - International Monetary Fund (IMF) - 2010
Three years after the onset of the global financial crisis, much has been done to reform the global financial system, but there is much left to accomplish. The regulatory reform agenda agreed by G-20 leaders in 2009 has elevated the discussions to the highest policy level and kept international...
Persistent link: https://www.econbiz.de/10011123891
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Optimal Prudential Regulation of Banks and the Political Economy of Supervision
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2014
We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive risk taking. Because of a pecuniary externality, the market equilibrium may not be optimal and...
Persistent link: https://www.econbiz.de/10010790384
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The Making of a Continental Financial System: Lessons for Europe from Early American History
Gaspar, Vitor - International Monetary Fund (IMF) - 2014
Alexander Hamilton was the first U.S. Treasury Secretary from 1789 to 1795. When he started, the Federal Government was in default. During his tenure, U.S. Treasuries became the ultimate safe asset. He successfully managed expectations, achieved debt service reduction, and stabilized financial...
Persistent link: https://www.econbiz.de/10010959479
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Côte d’Ivoire; Poverty Reduction Strategy Paper
International Monetary Fund (IMF); International … - 2013
Côte d’Ivoire's government decided on the National Development Plan to give a new impetus to its development policy. This new strategy is based on an ambitious and realistic recovery and development program centered on private and public investment. The institutional monitoring framework for...
Persistent link: https://www.econbiz.de/10011244156
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Mauritius; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2006
The empirical study shows that the equilibrium real exchange rate in Mauritius has been affected by the terms of trade, as well as by other fundamental determinants. It assesses the challenges posed to Mauritius’s trade performance by the expiration of the preferential trade arrangements....
Persistent link: https://www.econbiz.de/10011244211
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Islamic Republic of Afghanistan; Selected Issues and Statistical Appendix
International Monetary Fund (IMF); International … - 2006
This Selected Issues paper provides a preliminary view on Afghanistan’s external competitiveness through a review of some macroeconomic, microeconomic, and institutional indicators. It discusses the rebuilding of domestic revenue, and analyzes the macroeconomic impact of the drug economy...
Persistent link: https://www.econbiz.de/10011244319