Posted on June 20, 2016 by iMFdirect
By Era Dabla-Norris and Romain Duval
Version in Español (Spanish)
Weak productivity growth in many advanced and emerging market economies in the wake of the global financial crisis is raising concerns about future growth prospects. New research indicates that easing barriers to international trade and foreign direct investment (FDI) could boost productivity and output.
Filed under: Advanced Economies, Emerging Markets, IMF, International Monetary Fund, labor markets, trade | Tagged: advanced economies, emerging market economies, foreign direct investment, IMF, iMFdirect blog, International Monetary Fund, labor market, Pacific Rim countries, productivity gains, tariffs, trade, trade liberalization, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership | Leave a comment »
Posted on May 5, 2016 by iMFdirect
By Rahul Anand, Kalpana Kochhar, and Saurabh Mishra
The expansion of India’s exports of services between 1990 and 2013 has been nothing short of spectacular, putting India on a par with the world’s high-income economies in terms of service-product sophistication and as a share of total exports. This has created unique opportunities for continued growth. By contrast, when it comes to exports of manufactured goods, India has lagged behind its emerging-markets peers, both in quality and as a percentage of the total export basket, leaving substantial room for improvement.
Filed under: Advanced Economies, developing countries, Emerging Markets, India, International Monetary Fund, trade, U.S. | Tagged: advanced economies, East Asia, emerging markets, exports, IMF, iMFdirect blog, India, International Monetary Fund, low-income countries, Middle East, trade | Leave a comment »
Posted on May 14, 2014 by iMFdirect
By Luc Laeven, Lev Ratnovski, and Hui Tong
Large banks were at the center of the recent financial crisis. The public dismay at costly but necessary bailouts of “too-big-to-fail” banks has triggered an active debate on the optimal size and range of activities of banks.
But this debate remains inconclusive, in part because the economics of an “optimal” bank size is far from clear. Our recent study tries to fill this gap by summarizing what we know about large banks using data for a large cross-section of banking firms in 52 countries.
We find that while large banks are riskier, and create most of the systemic risk in the financial system, it is difficult to determine an “optimal” bank size. In this setting, we find that the best policy option may not be outright restrictions on bank size, but capital—requiring large banks to hold more capital—and better bank resolution and governance.
Filed under: Economic research, Finance, Financial Crisis, Financial regulation, Fiscal, Fiscal policy, Government, International Monetary Fund, Reform | Tagged: banking regulation, banks, big banks, financial markets, Financial regulation, financial stability, Global Financial Stability Report, IMF, iMFdirect, iMFdirect blog, International Monetary Fund, monetary policy | Leave a comment »
Posted on February 25, 2013 by iMFdirect
by José Viñals
Version in Español
It is still winter in the northern hemisphere, but there is never a bad time for spring cleaning. I suggest that policymakers de-clutter their to-do lists by focusing on three priorities.
These policies will help economies grow and will significantly improve financial and monetary stability in 2013 and beyond.
Filed under: Advanced Economies, Europe, Finance, Financial Crisis, Financial regulation, growth, IMF, International Monetary Fund, Politics | Tagged: banks, Basel III, iMFdirect blog, liquidity, macroprudential, to=do list, Vinals | Leave a comment »
Posted on January 2, 2013 by iMFdirect
By David Lipton
(Versions in عربي, 中文, Español, Français, Русский, 日本語)
With the New Year, we all hope to put the global financial crisis behind us. We also need to do more to secure our future.
Beyond our current economic and financial problems, there are long-term issues that we all know about, but that get too little attention in an era when policymakers are so fully engaged in slogging away at more immediate problems. Unfortunately, long-term issues unaddressed today will become crises tomorrow.
So we had better lengthen our focus, see what looms on the horizon, and do more to steer the global economy in a better direction.
Filed under: Economic Crisis, Economic outlook, Financial Crisis, Globalization, growth, Inequality, International Monetary Fund, Politics | Tagged: advanced economies, Climate change, crisis, David Lipton, developing economies, emerging markets, global economy, global warming, Globalization, growth, Hurricane Sandy, iMFdirect blog, structural reforms, technology | 7 Comments »
Posted on November 1, 2012 by iMFdirect
by Carlo Cottarelli
Version in Français
Without good fiscal information, governments can’t understand the fiscal risks they face or make good budget decisions. And unless that information is made public, citizens and their legislatures can’t hold governments accountable for those decisions.
Fiscal transparency—the public availability of timely, reliable, and relevant data on the past, present, and future state of the public finances—is thus crucial to the foundation of effective fiscal management.
A new paper from the IMF on fiscal transparency, accountability, and risk considers the progress we have made in opening up the “black box” of fiscal policymaking over the past decade, the lessons of the recent crisis for current fiscal reporting standards and practices, and the steps we need to take to revitalize the global fiscal transparency effort.
Filed under: Advanced Economies, Employment, Europe, Finance, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Politics, Public debt | Tagged: balance sheets, budget, Central African Economic and Monetary Community, compliance, economic crisis, European Union, financial crisis, fiscal data, fiscal policy, fiscal reporting, fiscal transparency, government, Government Finance Statistics Manual, Greece, IMF, iMFdirect blog, International Monetary Fund, International Public Sector Accounting Standards, standards, transparency, West African Economic and Monetary Union | 4 Comments »
Posted on October 7, 2012 by iMFdirect
The 2012 annual meetings of the IMF and the World Bank are being held this year in Tokyo at a crucial time for the world economy. Track everything through the live events schedule (all Tokyo times).
Key reports out this week are
banner in Tokyo
Stay up-to-date through timely reports from IMF Survey online, through iMFdirect blog, World Bank Voices, and through regular video briefings and YouTube. Also track news and commentary through Google +.
Extensive Japanese (日本語) language content and updates are also available.
The Meetings bring together more than 10,000 central bankers, ministers of finance and development, private sector executives, academics, and journalists to discuss global economic issues and the interconnected world.
Filed under: Advanced Economies, Africa, Annual Meetings, Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Europe, Finance, Financial Crisis, Fiscal policy, G-20, Global Governance, Globalization, IMF, International Monetary Fund, Latin America, LICs, Low-income countries, Middle East, Multilateral Cooperation, Politics, Public debt | Tagged: academics, central bankers, development, Fiscal Monitor, forecast, global economic issues, Global Financial Stability Report, Google+, IMF Survey online, iMFdirect blog, Japan, journalists, ministers of finance, private sector executives, Tokyo, video briefings, World Bank, World Bank Voices, World Economic Outlook, youtube | 4 Comments »