Posted on January 25, 2011 by iMFdirect
By José Viñals
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This morning, I presented our latest views on global financial stability in Johannesburg, South Africa.
So, where does the global financial system stand at the moment? Yes, we have witnessed improvements recently, but we are also observing a dichotomy between the economy and the financial system. While the global economic recovery has been continuing, financial stability is still at risk, because of a persistent lack of investor confidence in some advanced country sovereigns and their banking systems.
At this cross-roads, we see three key messages. Continue reading
Filed under: Economic Crisis, Financial Crisis, Financial regulation, International Monetary Fund | Tagged: bank capital, bank funding, banking systems, capital flows, credit risks, European Financial Stability Facility, financial crisis, financial stability, financial supervision, fiscal consolidation, Global Financial Stability Report, prudential regulation, public debt, sovereign risk | 2 Comments »
Posted on October 20, 2010 by iMFdirect
By Ajai Chopra
Almost unnoticed, amid the difficulties in western Europe, the other half of the continent has begun to recover from the deepest slump in its post-transition period. The emerging economies in central and eastern Europe will grow by 3¾ percent this year and next—a relief after the 6 percent decline in 2009.
Why was the crisis so severe—and how do we avoid a repeat? We consider just that question in our fall 2010 Regional Economic Outlook: Europe. While the crisis was triggered by external shocks, it is clear that domestic imbalances and policies also played a key role. Continue reading
Filed under: Economic Crisis, Emerging Markets, Europe, Financial Crisis, International Monetary Fund | Tagged: asset price bubbles, balance sheets, bank credit, boom-bust cycle, capital inflows, cooperation, credit boom, economic imbalances, economic rebalancing, emerging Europe, fiscal policy, fixed exchange rates, prudential regulation, regional economic outlook, Regional Economic Outlook: Europe | 12 Comments »