The paper briefs the Executive Board on the initial considerations on CBDC. These cover a framework to guide countries' CBDC exploration, as well as implications for monetary policy transmission, capital flow management measures, and financial inclusion

The Research Summaries in this issue of the IMF Research Bulletin cover 'Tax Capacity and Growth' (by Vitor Gaspar, Laura Jaramillo, and Philippe Wingender), and 'U.S. Shale Revolution and Its Spillover Effects on the Global Economy' (Ravi Balakrishnan, Keiko Honjo, Akito Matsumoto, and Andrea...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the Fund and also provides a listing of research documents and other research-related activities at the Fund, including conferences and seminars. The bulletin is...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and analytical work done by various departments at the IMF, and also provides a listing of research documents and other research-related activities, including conferences and seminars. The Bulletin is intended to...

The war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution. At the same time, economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Fuel and food prices have increased rapidly, hitting...