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In this paper, we examine the IMF''s role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF-supported program, although they may initially...
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unexpected loss of liquidity, or trends in globalization and deregulation in financial markets. The analysis finds disturbing … supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing … transparency and accountability in government and industry alike. "--World Bank web site …
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risky, which is consistent with the demise of the U.S. investment banking sector. "--World Bank web site …
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