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Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world - have challenged economic openness and the process of globalisation, with implications for the economic environment in which central banks operate. The return of war to Europe...
Persistent link: https://www.econbiz.de/10014248552
) debt restructuring, and on the cross-border resolution of insolvent, internationally active financial firms for fair burden … powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …
Persistent link: https://www.econbiz.de/10003901587
This paper examines the implications of the global financial crisis of 2007-10 for reform of the global financial architecture, in particular the International Monetary Fund and the Financial Stability Board and their interaction. These two institutions are not fully comparable, but they must...
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devaluations under currency mismatches. -- Currency depreciation ; Debt composition ; Balance sheet effects …
Persistent link: https://www.econbiz.de/10003775738
What is a 'sustainable nation’ and how can we identify and rank ‘sustainable nations’? Are nations producing and consuming in a sustainable way? Aggregate indicators have been proposed to answer these questions. This paper quantitatively compares three aggregate indicators of...
Persistent link: https://www.econbiz.de/10011374434