An integrated banking system saved Nevada after a local real estate boom turned to bust. Without an integrated banking system, the same wasn’t true of Ireland. This column argues that comparing Ireland and Nevada shows that banking union is far more important for Europe than current proposals of fiscal union. And, in the [...]
Posted on November 20th, 2012
This financial structure is one of the Fund’s major strengths, as it does not have to draw on its member countries’ budgetary resources or tap the financial markets to fund its operations. However, this set-up also imposes certain limits on the Fund’s policies and the financial assistance it can grant. It is these [...]
Posted on November 13th, 2012
This report documents a series of enhancements of the BIS international banking statistics (IBS) that have recently been endorsed by the Committee on the Global Financial System (CGFS) and are designed to make significant and long-lasting improvements to the IBS. The report provides a short introduction to the IBS and their main uses [...]
61 pages
The multilateral approach to capital controls
Topics: finance and development, financial regulation, international financial institutions
The IMF recently endorsed capital controls as useful policy responses to certain circumstances. This column explains the logic and the research that underpins the shift.
Source: VOX
The Liberalization and Management of Capital Flows – An Institutional View
Topics: capital, interactions finance-economy, international financial institutions
Capital flows have increased significantly in recent years and are a key aspect of the global monetary system. They offer potential benefits to countries, but their size and volatility can also pose policy challenges. The Fund needs to be in a position to provide clear and consistent advice with respect to capital flows [...]
Banking union: Ireland vs Nevada, an illustration of the importance of an integrated banking system
Topics: international financial institutions, real estate markets
An integrated banking system saved Nevada after a local real estate boom turned to bust. Without an integrated banking system, the same wasn’t true of Ireland. This column argues that comparing Ireland and Nevada shows that banking union is far more important for Europe than current proposals of fiscal union. And, in the [...]
The International Monetary Fund in a changed global environment
Topics: international financial institutions
This financial structure is one of the Fund’s major strengths, as it does not have to draw on its member countries’ budgetary resources or tap the financial markets to fund its operations. However, this set-up also imposes certain limits on the Fund’s policies and the financial assistance it can grant. It is these [...]
Improving the BIS international banking statistics
Topics: Financial industries, international financial institutions
This report documents a series of enhancements of the BIS international banking statistics (IBS) that have recently been endorsed by the Committee on the Global Financial System (CGFS) and are designed to make significant and long-lasting improvements to the IBS. The report provides a short introduction to the IBS and their main uses [...]