Mapping Cross Border Financial Linkages A Supporting Case For Global Financial Safety Nets
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Mapping Cross Border Financial Linkages A Supporting Case For Global Financial Safety Nets
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2011-01-06
Mapping Cross Border Financial Linkages A Supporting Case For Global Financial Safety Nets written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-06 with Business & Economics categories.
This paper maps cross-border financial linkages and identifies factors that drive them, contributing to the discussion on the appropriate design of a global financial safety net (GFSN). It builds on previous staff work and complements the findings of the companion paper on the Analytics of Systemic Crises and the Role of Global Financial Safety Nets. This paper notes the growing roles of financial linkages and complexity in injecting latent instability into the global financial system, underscoring the value of a GFSN design that is effective in forestalling the risk that a localized liquidity shock propagates through the global financial network turning into a large-scale systemic crisis.
Mapping Cross Border Financial Linkages
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Author :
language : en
Publisher:
Release Date : 2011
Mapping Cross Border Financial Linkages written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Banks and banking, International categories.
"This paper maps cross-border financial linkages and identifies factors that drive them, contributing to the discussion on the appropriate design of a global financial safety net (GFSN). It builds on previous staff work and complements the findings of the companion paper on the Analytics of Systemic Crises and the Role of Global Financial Safety Nets. This paper notes the growing roles of financial linkages and complexity in injecting latent instability into the global financial system, underscoring the value of a GFSN design that is effective in forestalling the risk that a localized liquidity shock propagates through the global financial network turning into a large-scale systemic crisis."--Executive summary.
Imf Lending In An Interconnected World
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Author : Jean-Guillaume Poulain
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-10
Imf Lending In An Interconnected World written by Jean-Guillaume Poulain and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-10 with Business & Economics categories.
We analyze the determinants of IMF lending since the early nineties, a period during which the roles of financial cycles and interconnectedness as amplifiers and transmitters of economic crises have gained prominence. First, we show that the global financial cycle is an important driver of IMF lending cycles. Second, using a panel of 91 advanced, emerging, and frontier economies over 1992-2014, we show that global factors and interconnectedness, as proxied by a countries’ potential exposure to economic spillovers from trade partners, together with more traditional idiosyncratic factors, have a significant impact on the probability that a member country obtains financial assistance from the IMF. Our results are robust to various robustness checks. The approach presented in this paper can be used to assess future demand for IMF financial assistance.
Financial Interconnectedness And Financial Sector Reforms In The Caribbean
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Author : Ms.Sumiko Ogawa
language : en
Publisher: International Monetary Fund
Release Date : 2013-07-31
Financial Interconnectedness And Financial Sector Reforms In The Caribbean written by Ms.Sumiko Ogawa and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-31 with Business & Economics categories.
Financial sector linkages have increased continuously in the Caribbean with cross border capital flows and financial conglomerates dominating the financial system. While the greater interconnectedness can heighten systemic risks and likelihood of contagion, it can have positive impacts provided the regional authorities take steps to prevent the systemic risk. In this context, financial sector reform measures aimed at bolstering and harmonizing prudential regulations in line with international best practices, the strengthening and enhancement of financial sector supervision to include cross border linkages through consolidated supervision, increased cooperation across supervisors in the region, and the establishment of deposit insurance and crisis resolution frameworks will be critical to maintain financial sector stability and minimize the repercussions of any negative shocks.
The Fund S Financing Role Reform Proposals On Liquidity And Emergency Assistance
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Author : International Monetary Fund. Finance Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2011-10-28
The Fund S Financing Role Reform Proposals On Liquidity And Emergency Assistance written by International Monetary Fund. Finance Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-28 with Business & Economics categories.
The possible global repercussions from the ongoing turmoil in the Euro Area and recent calls for enhanced emergency assistance in the Middle East and North African region are reminders of the urgent need for a more effective global financial safety net to deal with increased interconnectedness and volatility. Past work by staff identified gaps in the Fund’s lending toolkit to respond to liquidity needs of members with relatively strong fundamentals affected during systemic crises (the crisis bystanders), and to address urgent financing needs arising in a broader range of circumstances than natural disasters and post-conflict situations. The companion paper on the Review of the Flexible Credit Line (FCL) and Precautionary Credit Line (PCL) also identified gaps in the overall flexibility of the financing toolkit. This paper provides proposals to fill these gaps, while preserving the simplicity and coherence of the lending framework, and balancing members’ financing needs against the need for adequate safeguards for the use of Fund resources.
Indonesia
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2011-10-21
Indonesia written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-21 with Business & Economics categories.
This study estimated Indonesia’s potential growth rate and examined its underlying determinants. Implementing a comprehensive program to address key influencing issues can improve the effectiveness of monetary policy, increase financial stability, and support capital market development. This paper also reviews the level and structure of tax revenues in Indonesia, estimates tax effort and tax efficiency, and discusses potential areas of revenue mobilization. Indonesia’s financial linkages to the rest of the world have become stronger and more diversified, which increases its exposure to systemic risks.
Global Financial Stability Report April 2015
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2015-04-15
Global Financial Stability Report April 2015 written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-15 with Business & Economics categories.
The current report finds that, despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen. The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies. Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar, while long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation. Emerging markets are caught in these global cross currents, with some oil exporters and other facing new stability challenges, while others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures. The report also examines changes in international banking since the global financial crisis and finds that these changes are likely to promote more stable bank lending in host countries. Finally, the report finds that the asset management industry needs to strengthen its oversight framework to address financial stability risks from incentive problems between end-investors and portfolio managers and the risk of runs due to liquidity mismatches.
World Development Report 2014
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2013-10
World Development Report 2014 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10 with Business & Economics categories.
The World Development Report 2014 examines how improving risk management can lead to larger gains in development and poverty reduction. It argues that improving risk management is crucial to reduce the negative impacts of shocks and hazards, but also to enable people to pursue new opportunities for growth and prosperity.
Analytics Of Systemic Crises And The Role Of Global Financial Safety Nets
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2011-05-31
Analytics Of Systemic Crises And The Role Of Global Financial Safety Nets written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-31 with Business & Economics categories.
In response to the global crisis, the Fund overhauled its lending toolkit and boosted its resources, strengthening its ability to pre-empt financial crises. This paper—with the companion paper on Mapping Cross-Border Financial Linkages—takes another look at the recent global crisis in the context of a broader review of past systemic crises to (i) assess whether rising linkages across countries is a source of latent systemic instability and (ii) ascertain whether the global financial safety net (GFSN) is adequate to contain crisis and contagion risks arising from such systemic instability. This paper develops a new methodology to identify systemic crises and reviews associated policy responses from a global, rather than country-level, perspective
Aid On The Edge Of Chaos
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Author : Ben Ramalingam
language : en
Publisher: OUP Oxford
Release Date : 2013-10-25
Aid On The Edge Of Chaos written by Ben Ramalingam and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-25 with Business & Economics categories.
Many agree that the foreign aid system - which today involves virtually every nation on earth - needs drastic change. But there is much conflict as to what should be done. In Aid on the Edge of Chaos, Ben Ramalingam argues that what is most needed is the creative and innovative transformation of how aid works. Foreign aid today is dominated by linear, mechanistic ideas that emerged from early twentieth century industry, and are ill-suited to the world we face today. The problems and systems aid agencies deal with on a daily basis have more in common with ecosystems than machines: they are interconnected, diverse, and dynamic; they cannot be just simply re-engineered or fixed. Outside of aid, social scientists, economists, business leaders, and policy makers have started applying innovative and scientific approaches to such problems, informed by ideas from the 'new science' of complex adaptive systems. Inspired by these efforts, aid practitioners and researchers have started experimenting with such approaches in their own work. This book showcases the experiences, insights, and often remarkable results of innovative thinkers and practitioners who are working to bring these approaches into the mainstream of aid. From transforming child malnutrition to rethinking economic growth, from building peace to reversing desertification, from rural Vietnam to urban Kenya, the ideas of complex systems thinking are starting to be used to make foreign aid more relevant, more appropriate, and more catalytic. Aid on the Edge of Chaos argues that such ideas and approaches should play a vital part of the transformation of aid. Aid should move from being an imperfect post-World War II global resource transfer system, to a new form of global cooperation that is truly fit for the twenty-first century.