Fintech—A Brave New World for the Financial Sector?


Lagarde.2015MDPORTRAIT4_114x128By Christine Lagarde

Versions in عربي (Arabic),  中文 (Chinese), Français (French), Español (Spanish)

From smartphones to cloud computing, technology is rapidly changing virtually every facet of society, including communications, business and government. The financial world is no exception.

As a result, the financial world stands at a critical juncture. Yes, the widespread adoption of new technologies, such as blockchain-based systems, offers many potential benefits. But it also gives rise to new risks, including risks to financial stability. That causes challenges for financial regulators, a subject I addressed at the 2017 World Government Summit in Dubai.

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‘Soft’ Infrastructure Is Crucial for Stable and Balanced Growth in China


By iMFdirect

Version in 中文 (Chinese)

An important attribute of China’s remarkable record of economic growth has been the creation of an astonishing network of “hard” infrastructure, like roads, power stations, and communication networks. Now, China needs to move toward a new stage of reforms designed to help rebalance its economy. The stakes for global prosperity are high—China is the second largest economy and contributes one-third of the world’s growth.  Continue reading

Asia’s Ascent into the Global Economy


By iMFdirect

Barry Eichengreen says what happens in China doesn’t stay in China anymore.

Eichengreen is Professor of Political Science at the University of California, Berkeley, and in this podcast he characterizes the emergence of Asia, and of China in particular, as “the most important economic event affecting the world in the last quarter century.” Continue reading

A Shifting Global Economic Landscape: Update to the World Economic Outlook


maury-obstfeld-blogsize-final2By Maurice Obstfeld

Versions in عربي (Arabic),  中文 (Chinese), Français (French), 日本語 (Japanese),  Русский (Russian), and Español (Spanish)

Today we released our update to the World Economic Outlook.

An accumulation of recent data suggests that the global economic landscape started to shift in the second half of 2016. Developments since last summer indicate somewhat greater growth momentum coming into the new year in a number of important economies. Our earlier projection, that world growth will pick up from last year’s lackluster pace in 2017 and 2018, therefore looks increasingly likely to be realized. At the same time, we see a wider dispersion of risks to this short-term forecast, with those risks still tilted to the downside. Uncertainty has risen.  Continue reading

Countries in the IMF Financial Spotlight in 2017


By iMFdirect

The IMF will assess a range of financial systems in 2017: large ones such as China and Japan, medium-sized ones like Luxembourg, Spain, and Turkey, and small ones such as Guyana and Zambia.  Continue reading

The Top Ten Blogs of 2016


by iMFdirect

What a year it has been.  12 months with big implications for the global economy.

In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few.  We compiled this top ten list for the past year based on readership.  Continue reading

Going with the Flow: Benefits of Capital Inflows for Emerging Markets


deniz-igan-imfBy Deniz Igan

Michael Mussa, a former Chief Economist of the IMF, famously likened capital account liberalization to fire. In his comments at the IMF Economic Forum on October 2, 1998, he said: “Fire warms our homes, it cooks our food, our internal combustion engines,” and continued: “No doubt, fire is very useful, and we are not going to give up its manifold benefits. On the other hand, fire can also burn you down and do a great deal of damage.”

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