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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 10. Comments on Dealing with Global Imbalances »
Source: Reconstructing the World Economy
Series: Seminar Volumes
Author(s): Il SaKong , and Olivier Blanchard
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 July 2010
ISBN: 9781589069770
Keywords: inflation, current account, financial system, central bank, monetary policy
Few issues in international macroeconomics and finance have occupied the attention of policymakers and researchers in recent years as much as the debate on the causes, consequences, and measurements of globa...
CHAPTER 8. Global Imbalances: In Midstream? »
Source: Reconstructing the World Economy
Series: Seminar Volumes
Author(s): Il SaKong , and Olivier Blanchard
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 July 2010
ISBN: 9781589069770
Keywords: inflation, current account, financial system, central bank, monetary policy
Before the crisis, there were strong arguments for reducing global imbalances. As a result of the crisis, there have been significant changes in saving and investment patterns across the world and imbalances...
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...
Session 2: Exchange Rate Issues - Financial Globalization and Exchange Rates* »
Source: Dollars, Debt, and Deficits : Sixty Years After Bretton Woods
Series: Seminar Volumes
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2005
ISBN: 9781589064539
Keywords: Deficit financing, Budget deficits, exchange rate, public debt, foreign assets, current account, foreign liabilities
Introduction Financial globalization has been one of the most important trends in the world economy in recent decades. This process has involved sharply rising foreign asset and liab...