The proposed Decision seeks to implement the staff's proposals related to Article IV consultation cycles in Review of the Fund's Mandate-Follow-Up on Modernizing Surveillance, which were endorsed in principle by the Executive Board on September 1, 2010. The goal is to provide for greater...

The global economy is beginning to pull out of a recession unprecedented in the post-World War II era, but stabilization is uneven and the recovery is expected to be sluggish. Economic growth during 2009-10 is now projected to be about 1/2 percentage points higher than projected in the April...

In this article we analyse the feasibility of a bail-in for Spain. After a detailed analysis of the origins of the Spanish banking crisis and the government’s response in the form of a bail-out by taxpayers in 2012, we investigate whether a bail-in would have been feasible instead. The bail-in...