Posted on November 2, 2016 by iMFdirect
By Jesus Gonzalez-Garcia and Montfort Mlachila
Versions in Français (French), and Português (Portuguese)
Migration of sub-Saharan Africans is growing rapidly. Just like the region’s population, the number of migrants doubled since 1990 to reach about 20 million in 2013. In the coming decades, migration will expand given the demographic boom in the working-age population—the group that typically feeds migration. We studied these trends in a recent paper because both receiving and sending countries need the right policies so all can benefit.
Filed under: Advanced Economies, Africa, developing countries, Economic research, Employment, growth, International Monetary Fund, labor force, Migration, refugees | Tagged: advanced economies, Cote d’Ivoire, demographics, economic growth, France, IMF, iMFdirect blog, International Monetary Fund, labor force, Migration, OECD, refugees, South Africa, Sub-Saharan Africa, United Kingdom, United States | Leave a comment »
Posted on September 16, 2016 by iMFdirect
By Christine Lagarde
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語(Japanese), Русский (Russian), and Español (Spanish)
As world leaders head to New York this week for the United Nations General Assembly, there is still no end to the heart-breaking images of war-torn cities in the Middle East and North Africa, and of a massive exodus of people looking for sanctuary and opportunities to sustain a livelihood.
Filed under: Economic research, Europe, International Monetary Fund, Middle East, Migration, poverty, refugees, unemployment | Tagged: Christine Lagarde, conflict-affected states, Europe, IMF, iMFdirect blog, International Monetary Fund, Iraq, Jordan, Libya, Middle East, Middle East and North Africa, Migration, poverty, refugees, Syria, Tunisia, unemployment, Yemen | Leave a comment »
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 »