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Challenges to Central Banking from Globalized Financial Systems »
Series: Seminar Volumes
Author(s): Andrea Schaechter , Piero Ugolini , and Mark Stone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 March 2004
DOI: http://dx.doi.org/10.5089/9781589062177.072
ISBN: 9781589062177
Keywords: inflation, monetary policy, central bank, financial stability, foreign currency
Increasing global financial market integration is presenting new challenges to central banks as they seek to attain low inflation and financial stability. This volume is based on a conference hosted by the IMF in S...

CHAPTER 12 Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending »
Source: IMF-Supported Programs : Recent Staff Research
Series: Seminar Volumes
Author(s): Alessandro Rebucci , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 April 2006
ISBN: 9781589063617
Keywords: International Monetary Fund, current account, capital flows, private capital, private capital flows, conditionality
Introduction Ever since Walter Bagehot’s times, it has been recognized that emergency liquidity support, to be effective, must in principle be unlimited. Of course, the precept shoul...

Chapter 40 Managing the Global Economy: The Role of Governance »
Source: Current Developments in Monetary and Financial Law, Volume 2
Series: Seminar Volumes
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 20 October 2003
ISBN: 9781589061767
Keywords: Banking systems, Financial sector, Financial stability, Financial systems, Monetary measures, Monetary operations, Monetary systems, banking, credit, central bank
Governance in both the public and private sectors is a key aspect of managing globalization. It is essential for the stability of the financial systems and the funct...

12 Inequality During the Transition: Why Did It Increase? »
Source: A Decade of Transition : Achievements and Challenges
Series: Seminar Volumes
Author(s): Saleh Nsouli , and Oleh Havrylyshyn
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 April 2001
ISBN: 9781589060135
Keywords: inflation, privatization, monetary fund, moderate inflation, tax rates
The countries that we still, somewhat lazily, call the transition economies are becoming more diverse by the day. This increase in diversity is reflected in their incomes per capita: some countries have turn...