[PDF] Global Financial Stablity Report October 2013

Global Financial Stablity Report  October 2013 PDF
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498372643
Size: 73.79 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 321
View: 7148

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Global Financial Stablity Report October 2013

by International Monetary Fund. Monetary and Capital Markets Department, release date 2014-07-30, Global Financial Stablity Report October 2013 Books available in PDF, EPUB, Mobi Format. Download Global Financial Stablity Report October 2013 books, The October 2013 Global Financial Stability Report examines current risks facing the global financial system at it undergoes a series of transitions along the path toward greater financial stability. The United States may soon move to less accommodative monetary policies and higher long-term interest rates as its recovery gains ground. Emerging markets face a transition to more volatile external conditions and higher risk premiums. Japan is moving toward the new “Abenomics” policy regime, and the euro area is moving toward a more robust and safer financial sector. Finally, the global banking system is phasing in stronger regulatory standards. Chapter 1 examines the challenges and risks of each of these transitions. Chapter 2 looks at efforts by policymakers to revive weak credit growth, which has been seen by many as a primary reason behind the slow economic recovery. The chapter argues that policies are most effective if they target the constraints that underlie the weakness in credit. But it cautions policymakers to be aware of the fiscal costs and implications for financial stability of credit-supporting policies. Chapter 3 examines how banking funding structures matter for financial stability and the potential impact of various regulatory reforms. It concludes that careful implementation of reform efforts are important to ensure that financial stability benefits are realized.




[PDF] Global Financial Stability Report October 2014

Global Financial Stability Report  October 2014  PDF
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1484358333
Size: 76.88 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 192
View: 5177

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Global Financial Stability Report October 2014

by International Monetary Fund. Monetary and Capital Markets Department, release date 2014-10-08, Global Financial Stability Report October 2014 Books available in PDF, EPUB, Mobi Format. Download Global Financial Stability Report October 2014 books, The October 2014 issue finds that six years after the start of the crisis, the global economic recovery continues to rely heavily on accommodative monetary policies in advanced economies. Monetary accommodation remains critical in supporting economies by encouraging economic risk taking in the form of increased real spending by households and greater willingness to invest and hire by businesses. However, prolonged monetary ease may also encourage excessive financial risk taking. Analytical chapters examine (1) the growth of shadow banking around the globe, assessing risks and discussing regulatory responses, and calling for a more encompassing (macroprudential) approach to regulation and for enhanced data provision; and (2) how conflicts of interest among bank managers, shareholders, and debt holders can lead to excessive bank risk taking from society’s point of view, finding no clear relation between bank risk and the level of executive compensation, but that a better alignment of bankers’ pay with long-term outcomes is associated with less risk.




[PDF] Global Financial Stability Report October 2012 Restoring Confidence And Progressing On Reforms

Global Financial Stability Report  October 2012  Restoring Confidence and Progressing on Reforms PDF
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1616353902
Size: 12.40 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 200
View: 2709

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Global Financial Stability Report October 2012 Restoring Confidence And Progressing On Reforms

by International Monetary Fund. Monetary and Capital Markets Department, release date 2012-11-30, Global Financial Stability Report October 2012 Restoring Confidence And Progressing On Reforms Books available in PDF, EPUB, Mobi Format. Download Global Financial Stability Report October 2012 Restoring Confidence And Progressing On Reforms books, The October 2012 Global Financial Stability Report (GFSR) finds increased risks to the global financial system, with the euro area crisis the principal source of concern, and urges policymakers to act now to restore confidence, reverse capital flight, and reintegrate the euro zone. This GFSR presents a report on whether regulatory reforms are moving the financial system in the right direction, and finds that progress has been limited, partly because many reforms are in the early stages of implementation and partly because crisis intervention methods are still in use in a number of economies, delaying the movement of the financial system onto a safer path. The final chapter examines whether certain aspects of financial structure enhance economic outcomes. Indeed, some structural features are associated with better outcomes. In particular, financial buffers made up of high-quality capital and truly liquid assets tend to be associated with better economic performance.




[PDF] Playing With Fire

Playing with Fire PDF
Author: Yilmaz Akyüz
Publisher: Oxford University Press
ISBN: 0198797176
Size: 59.48 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 288
View: 7421

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Playing With Fire

by Yilmaz Akyüz, release date 2017-07-06, Playing With Fire Books available in PDF, EPUB, Mobi Format. Download Playing With Fire books, Starting in the early 1990s many emerging and developing economies (EDEs) liberalized their capital accounts, allowing greater freedom for international lenders and investors to enter their markets as well as for their residents to borrow and invest in international financial markets. Despite recurrent crises, liberalization has continued and in fact accelerated in the new millennium. Integration has been greatly facilitated by progressively looser monetary policy in the United States, notably the policies that culminated in debt crises in the United States and Europe and the ultra-easy monetary policy adopted in response. Not only have their traditional cross-border linkages been deepened and external balance sheets expanded rapidly, but also foreign presence in their domestic financial markets and the presence of their nationals in foreign markets have reached unprecedented levels. As a result new channels have emerged for the transmission of financial shocks from global boom-bust cycles. Almost all EDEs are now vulnerable irrespective of their balance-of-payments, external debt, net foreign assets and international reserve positions although these play an important role in the way such shocks could impinge on them. This is a matter for concern since the multilateral system still lacks mechanisms for orderly resolution of financial crises with international dimensions. Playing with Fire provides an empirical account of deeper integration of EDEs into the global financial system and discusses its implications for stability and growth, focusing on the role of policies in the new millennium in both EDEs and the United States and Europe.




[PDF] Global Financial Stability Report October 2016

Global Financial Stability Report  October 2016 PDF
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1475538472
Size: 58.72 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages :
View: 731

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Global Financial Stability Report October 2016

by International Monetary Fund. Monetary and Capital Markets Department, release date 2016-10-05, Global Financial Stability Report October 2016 Books available in PDF, EPUB, Mobi Format. Download Global Financial Stability Report October 2016 books, The current report finds that short-term risks to global financial stability have abated since April 2016. The rise of commodity prices from their lows, along with the ongoing adjustments in emerging markets, has supported a recovery in capital flows. In advanced economies, weaker growth has been mitigated by the prospect of further monetary accommodation. Despite this decrease in short-term risk, the report finds that medium-term risks continue to build. The political climate is unsettled in many countries, making it more difficult to tackle legacy problems. Financial institutions in advanced economies face a number of structural and cyclical challenges. Corporate leverage in emerging markets remains high and would fall only gradually under the report’s baseline scenario. Policymakers need a more potent and balanced policy mix to deliver a stronger path for growth and financial stability. There is an urgent need to raise global growth, strengthen the foundations of the global financial system, and bolster confidence. The report also examines how the rise of nonbank financing has altered the impact of monetary policy and finds that the fears of a decline in the effectiveness of monetary policy are unfounded. It appears that the transmission of monetary policy is in fact stronger in economies with larger nonbank financial sectors. Finally, the report examines the link between corporate governance, investor protection, and financial stability in emerging market economies. It finds that the improvements over the past two decades have helped bolster the resilience of their financial systems. These benefits strengthen the case for further reform.




[PDF] Global Financial Stability Report October 2012

Global Financial Stability Report  October 2012 PDF
Author: International Monetary Fund. Monetary and Capital Markets Department Staff
Publisher:
ISBN: 9787504969613
Size: 75.26 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages :
View: 5514

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Global Financial Stability Report October 2012

by International Monetary Fund. Monetary and Capital Markets Department Staff, release date 2013-07-09, Global Financial Stability Report October 2012 Books available in PDF, EPUB, Mobi Format. Download Global Financial Stability Report October 2012 books, The Global Financial Stability Report (GFSR) provides expert and up-to-date analysis of global capital flows that play a critical role in world economic growth and Financial stability. The report focuses on current conditions in global Financial markets, analyzing Financial imbalances and structural issues that could pose risks to stability and sustained market access by emerging market borrowers. Along with the IMF’s semiannual World Economic Outlook, the GFSR is a key vehicle for communicating the IMF’s multilateral surveillance. The GFSR also draws out the Financial ramifcations of economic imbalances highlighted by the WEO, making it an indispensable companion publication.




[PDF] Lac Semiannual Report October 2013

LAC Semiannual Report  October 2013 PDF
Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 1464801150
Size: 69.11 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 83
View: 3513

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Lac Semiannual Report October 2013

by Augusto de la Torre, release date 2013-10-15, Lac Semiannual Report October 2013 Books available in PDF, EPUB, Mobi Format. Download Lac Semiannual Report October 2013 books, This semiannual report examines the short and medium-term challenges for Latin America and the Caribbean (LAC) as the external factors that were instrumental in the region s recent performance recede. In particular, we address the role of the exchange rate as a counter-cyclical policy tool to buffer adverse external shocks.




[PDF] Global Financial Stability Report April 2014 Moving From Liquidity To Growth Driven Markets

Global Financial Stability Report  April 2014  Moving from Liquidity  to Growth Driven Markets PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475577664
Size: 32.59 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 182
View: 5595

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Global Financial Stability Report April 2014 Moving From Liquidity To Growth Driven Markets

by International Monetary Fund, release date 2014-04-09, Global Financial Stability Report April 2014 Moving From Liquidity To Growth Driven Markets Books available in PDF, EPUB, Mobi Format. Download Global Financial Stability Report April 2014 Moving From Liquidity To Growth Driven Markets books, The April 2014 Global Financial Stability Report finds that, despite much progress, the global financial system remains in a transitional period with stability conditions far from normal. Advanced and emerging market economies alike need to make a successful shift from liquidity- to growth-driven markets, which will require a number of elements, including a normalization of U.S. monetary policy; financial rebalancing in emerging markets; further progress in the euro area integration; and continued implementation of “Abenomics” in Japan. This report also examines how changes in the investor base and financial deepening affect emerging market economies as well as looks at the issue of banks considered too important to fail, providing new estimates of the implicit funding subsidy these banks receive.




[PDF] Middle East And North Africa Economic Developments And Prospects October 2013

Middle East and North Africa Economic Developments and Prospects  October 2013 PDF
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464801142
Size: 14.37 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 73
View: 4770

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Middle East And North Africa Economic Developments And Prospects October 2013

by World Bank, release date 2013-10-10, Middle East And North Africa Economic Developments And Prospects October 2013 Books available in PDF, EPUB, Mobi Format. Download Middle East And North Africa Economic Developments And Prospects October 2013 books, The post-revolutionary economies of MENA - Egypt, Tunisia, Libya and Yemen - have been recovering after a period of growth decelerations in 2011. In Egypt and Tunisia, the growth dips of 2011 were less dramatic than the declines observed during previous transitions. The recovery has been relatively quick but the transition process is far from complete and uncertainty about the political and reform process remains a binding constraint to private investment. Consequently, post-transition growth is below potential and is lower than growth prior to the Arab Spring, with negative consequences for employment and poverty. Events in the post-revolution economies have affected other countries in MENA. Macroeconomic fundamentals weakened in most developing MENA countries in 2011-12 as growth slowed and governments responded to social pressures with expansionary fiscal policies. The regional growth outlook for 2013 reflects weaker expected global economic activity, especially in the EU, and moderating oil prices. Regional economic growth is expected to decelerate to 3.5% in 2013 from 5.5% in 2012. Prolonged political and policy uncertainty and social unrest are serious downside risks to the outlook.