Posted on March 23, 2017 by iMFdirect
By Tobias Adrian and Maurice Obstfeld
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), Русский (Russian), and Español (Spanish)
Economic growth appears to be strengthening across the large economies, but that does not mean financial-sector regulation can now be relaxed. On the contrary, it remains more necessary than ever, as does international cooperation to ensure the safety and resilience of global capital markets. That is why the Group of Twenty (G20) finance ministers and central bank governors reiterated their support for continuing financial-sector reform at their meeting in Baden-Baden last week. Continue reading
Filed under: banking, Financial Crisis, Financial regulation, G-20, International Monetary Fund | Tagged: Basel Committee, Basel Committee on Banking Supervision, Basel III, Dodd-Frank Act, Financial regulation, Financial Stability Board, G20, global financial crisis, imfblog, Maurice Obstfeld, Tobias Adrian, United States | Leave a comment »
Posted on February 21, 2017 by iMFdirect
By Ghiath Shabsigh, Ross Leckow, and Zeine Zeidane
Versions in: Arabic, French, Indonesian, and Malay
Islamic banking, a small but fast-growing corner of the financial world, is receiving greater attention from regulators and policy makers. The IMF recently adopted a set of proposals on Islamic banking and called for a more comprehensive set of policies to ensure financial stability in countries with Islamic banking and support the sound development of the industry. The IMF is now calling for additional work and cooperation by its staff with other international agencies to improve the adoption of relevant standards for Islamic banking and to address remaining regulatory gaps. Continue reading
Filed under: Africa, banking, Central Asia, Economic research, Europe, Financial regulation, IMF, International Monetary Fund, Middle East, monetary policy | Tagged: banking, banking regulation, Central Asia, financial sector, financial stability, IMF, iMFdirect blog, Islamic banking, islamic finance, Islamic Financial Services Board, Middle East, sukuk | Leave a comment »
Posted on December 16, 2016 by iMFdirect
By Joong Shik Kang and Wojciech S. Maliszewski
Version in 中文 (Chinese)
China urgently needs to tackle its corporate-debt problem before it becomes a major drag on growth in the world’s No. 2 economy. Corporate debt has reached very high levels and continues to grow. In our recent paper, we recommend that the government act promptly to adopt a comprehensive program that would sacrifice some economic growth in the short term while rapidly returning the economy to a sustainable growth path.
Filed under: Asia, banking, China, Debt Relief, Economic research, Financial regulation, growth, IMF, International Monetary Fund, Public debt | Tagged: Asia, banking, China, corporate debt, credit gap, credit risks, debt relief, deleveraging, Financial regulation, IMF, iMFdirect blog, investment, Japan, Spain | Leave a comment »
Posted on August 10, 2016 by iMFdirect
By Andy Jobst and Huidan Lin
Versions in Français (French), and Español (Spanish)
More than two years ago, seeking to revive a moribund economy, the European Central Bank (ECB) embarked on a new monetary policy measure: charging interest on excess liquidity that banks held at the central bank. The move complemented a series of other easing measures aimed at bringing inflation back to the ECB’s price stability objective of below, but close to, two percent over the medium term. Continue reading
Filed under: banking, Economic research, euro zone, Europe, Financial regulation, IMF, International Monetary Fund, negative interest rates | Tagged: banking, ECB, economic growth, Europe, European Central Bank, excess liquidity, IMF, International Monetary Fund, Japan, monetary policy, negative interest rates, negative rate policy, price stability, Switzerland | 2 Comments »
Posted on July 13, 2016 by iMFdirect
By Anne-Marie Gulde-Wolf
Version in Français (French), Português (Portuguese)
There are many reasons why deeper financial development—the increase in deposits and loans but also their accessibility and improved financial sector efficiency—is good for sustainable growth in sub-Saharan Africa. For one, it helps mobilize savings and to direct funds into productive uses, for example by providing the start-up capital for the next innovative enterprise. This in turn facilitates a more efficient allocation of resources and increases overall productivity.
Filed under: Africa, Economic outlook, Financial regulation, growth, IMF, International Monetary Fund, Investment | Tagged: financial inclusion, Financial regulation, financial sector, growth, IMF, iMFdirect, International Monetary Fund, investment, Pan-African banks, Regional Economic Outlook: Sub-Saharan Africa, stability, Sub-Saharan Africa | Leave a comment »
Posted on July 1, 2016 by iMFdirect
By Sean Hagan and Ross Leckow
Since the 2008 global financial crisis, the international community has made a great deal of progress in strengthening legal frameworks governing the financial sector, but a great deal more needs to be done to implement international standards and develop appropriate approaches to emerging challenges.
Filed under: banking, Financial regulation, Government, IMF, International Monetary Fund | Tagged: AML/CFT, banking regulat, corresponding bank relationships, emerging economies, financial inclusion, financial stability, IMF, iMFdirect, International Monetary Fund, Islamic banking, law, legal frameworks, money laundering, shadow banking | Leave a comment »
Posted on June 30, 2016 by iMFdirect
When global banks decide to withdraw from some countries and no longer do business with banks there, the global effect so far has been a gentle ripple, but if unaddressed, it may become more like a tsunami for the countries they leave.
Filed under: banking, Financial regulation, IMF, International Monetary Fund, Investment, trade | Tagged: Angola, banking services, Caribbean, Financial regulation, financial system, foreign payments, global banks, growth, IMF, iMFdirect, International Monetary Fund, investment, jobs, Liberia, Samoa, trade | Leave a comment »