Posted on January 5, 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
Filed under: Economic research, Financial markets, International Monetary Fund, monetary policy | Tagged: Bahrain, Belarus, Bulgaria, China, Finland, FSAP, Germany, Guyana, India, Indonesia, Ireland, Japan, Lebanon, Luxembourg, Madagascar, Mauritius, Mexico, Montenegro, Netherlands, New Zealand, Russia, Saudi Arabia, Spain, Sweden, Turkey, United Kingdom, Zambia | Leave a comment »
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 August 26, 2016 by iMFdirect
By Vitor Gaspar and Julio Escolano
What should governments do about high public debt-to-GDP ratios? This question is getting much-deserved attention. Let’s abstract from macroeconomic (business cycle) considerations and look at the issue purely from an optimal tax smoothing perspective—that is, weighing the cost and benefits of raising taxes to pay down debt. By doing so we decidedly do not engage in the current debate about the contribution that fiscal policy may make to demand management. Continue reading
Filed under: Advanced Economies, Economic research, International Monetary Fund | Tagged: deb ratios, debt reduction, debt-to-GDP ratio, IMF, tax smoothing, taxation, United Kingdom, United States | Leave a comment »
Posted on August 17, 2016 by iMFdirect
By Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao
Versions in Français (French), and Español (Spanish)
In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from the crisis such as high unemployment and debt. Continue reading
Filed under: Advanced Economies, aging, Employment, euro zone, Europe, growth, health, IMF, International Monetary Fund, labor force | Tagged: aging, employment, euro area, Euro Area countries, Europe, health, IMF, International Monetary Fund, labor force, productivity, retirees, training, unemployment, United Kingdom, United States, workers | Leave a comment »
Posted on July 19, 2016 by iMFdirect
By Maurice Obstfeld
Versions in عربي (Arabic), 中文 (Chinese), Français (French), and Español (Spanish)
The United Kingdom’s June 23 vote to leave the European Union adds downward pressure to the world economy at a time when growth has been slow amid an array of remaining downside risks. The first half of 2016 revealed some promising signs—for example, stronger than expected growth in the euro area and Japan, as well as a partial recovery in commodity prices that helped several emerging and developing economies. As of June 22, we were therefore prepared to upgrade our 2016-17 global growth projections slightly. But Brexit has thrown a spanner in the works.
Filed under: Advanced Economies, Economic outlook, Economic research, Europe, International Monetary Fund | Tagged: bank balance sheets, Brexit, China, debt overhang, financial, financial markets, geopolitical risks, growth, IMF, investment, Japan, Nigeria, Policy Action, refugees, South Africa, trade, unemployment, United Kingdom, World Economic Outlook | Leave a comment »
Posted on May 4, 2015 by iMFdirect
By Ratna Sahay, Martin Čihák, and Papa N’Diaye
The world still lives in the shadow of the global financial crisis that began in the United States in 2008. The U.S. experience shone a spotlight on the dangers of financial systems that have grown exponentially and beyond traditional banks. It triggered a rethinking of the extent and speed of the expansion of a country’s financial sector, and raised questions about which policies promote a safe financial system.
In our new study, we emphasize that the most commonly used indicator—bank credit—is not sufficient to measure the size and scope of a country’s financial development. We create a comprehensive index for over 170 countries to answer several policy questions from the perspective of emerging markets.
Filed under: Advanced Economies, Economic Crisis, Economic research, Emerging Markets, Europe, Finance, growth | Tagged: capital markets, Ecuador, emerging market, financial deepening, financial development, financial markets, financial stability, Gambia, growth, Ireland, Japan, liquidity, Morocco, Poland, U.S., United Kingdom, United States | Leave a comment »