Why International Financial Cooperation Remains Essential


By Tobias Adrian and Maurice Obstfeld

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

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.

Continue reading

Chart of the Week: Inequality and the Decline in Labor Share of Income


By IMFBlog

As discussed in the IMF’s G20 Note, and a blog last week by IMF Managing Director Christine Lagarde, a forthcoming chapter of the World Economic Outlook seeks to understand the decline in the labor share of income (that is, the share of national income paid in wages, including benefits, to workers) in many countries around the world. These downward trends can have potentially large and complex social implications, including a rise in income inequality.  Continue reading

Invest in Africa


by IMFBlog

As the Group of Twenty finance ministers and central bank governors meet in Germany this week, policymakers are looking to increase investment in Africa.

Jamie Drummond is co-founder of ONE Campaign, and in this podcast he says it’s no surprise Africa is on the agenda. Continue reading

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