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Goodhart, C. A. E. - 2009

This paper defines a set of banking stability measures which take account of distress dependence among the banks in a system, thereby providing a set of tools to analyze stability from complementary perspectives by allowing the measurement of (i) common distress of the banks in a system, (ii)...

Persistent link: https://www.econbiz.de/10014402510

Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries

International Monetary Fund - 2011

Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. Emerging from the Global Crisis explores how LICS have coped with the...

Persistent link: https://www.econbiz.de/10014402533

Guernsey : Financial System Stability Assessment-Update

International Monetary Fund - 2011

Guernsey is a leading international insurance center in Europe. Its economy purely depends on the performance of the financial sector. As per the 2003 assessment under the Offshore Financial Center (OFC) program, it is found that the Guernsey Financial Services Commission (GFSC)’s powers have...

Persistent link: https://www.econbiz.de/10014402586

Vanishing Contagion?

Mauro, Paolo - 2006

While a number of emerging market crises were characterized by widespread contagion during the 1990s, more recent … whether contagion might have become a feature of the past, with markets now better discriminating between countries with good … and bad fundamentals. This paper argues that a prudent working assumption is that contagion has not vanished permanently …

Persistent link: https://www.econbiz.de/10014402607

Long-Term Trends in Public Finances in the G-7 Economies

Schaechter, Andrea - 2010

Today’s record public debt levels in most advanced economies are not only a direct fall-out from the global crisis. Public debt had ratcheted up over many decades before, when it had been used, in most of the G-7 countries, as the ultimate shock absorber—rising in bad times but not declining...

Persistent link: https://www.econbiz.de/10014402619

The Crisis and Miss Emily's Perceptions

Leruth, Luc E. - 2010

The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story ""A Rose for Emily"" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it...

Persistent link: https://www.econbiz.de/10014401913

Current Developments in Monetary and Financial Law, Volume 2

International Monetary Fund - 2003

The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance...

Persistent link: https://www.econbiz.de/10014401920

Creating Policy Space in Low-Income Countries during the Recent Crises

Dudine, Paolo - 2010

Low-income countries were hit especially hard by sharp increases in world food and fuel prices in 2007-08 and the global financial crisis that followed. In response, the International Monetary Fund scaled up its financial assistance to low-income countries and revamped its concessional lending...

Persistent link: https://www.econbiz.de/10014401941

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels and with a variety of apparently conflicting results. For instance, there is still little robust evidence of the growth benefits of broad...

Persistent link: https://www.econbiz.de/10014401981

Financial Stress, Downturns, and Recoveries

Lall, Subir - 2009

This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress index (FSI), and proposes an analytical framework to assess the impact of financial stress-in particular banking distress-on the real...

Persistent link: https://www.econbiz.de/10014402010

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