| |
|
Global Financial Stability Report
|
|
The Global Financial Stability Report examines current risks facing the global financial system and policy actions that may mitigate these. It analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 examines unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.
|
|
|
|
Macroprudential Frameworks in Asia
|
|
The book is the first comprehensive collection of papers assessing the existing institutional arrangements for macroprudential policies in Asia. The papers were presented by Asian authorities at a Monetary Policy Workshop on Strengthening Macroprudential Frameworks, which was organized by the IMF Regional Office for Asia and Pacific with financing from the Government of Japan. It was held in Tokyo in March 2012.
|
|
|
|
Global Rebalancing: A Roadmap for Economic Recovery
|
|
This volume presents seven case studies that provide an assessment of the underlying causes and internal or global risks of key imbalances in these major systemic economies. Much of the material is derived from IMF staff’s sustainability reports prepared for the G-20 Mutual Assessment Process (MAP). These studies offer essential analyses and assessments as inputs for global rebalancing scenarios. It also provides a multilateral perspective on the benefits from global rebalancing and collective action—drawing from the country implications of the individual case studies.
|
|
|
|
World Economic Outlook
|
|
The April 2013 World Economic Outlook (WEO) weighs the broad effects of a gradual easing of policy in emerging market economies and decreased uncertainty in Europe and the United States. In addition to assessing the implications of recent trends for industrial production, trade, and investment, it looks closely at the policy implications of spillovers across regions during recessions and recoveries, how public and private debt affect growth, and competitiveness in Europe. Chapter 3 analyzes why inflation in advanced economies has not decreased more sharply since the Great Recession, given high rates of unemployment. Chapter 4 focuses on today’s dynamic developing economies –- those that have experienced remarkable economic turnarounds in the past decade. It explores the catalysts for and constraints on their growth in the current global environment.
|
|
|
|
Public Financial Management and Its Emerging Architecture
|
|
The discipline of public financial management has been marked by important innovations in the first two decades of the twenty-first century. This volume takes stock of some of the most important accomplishments in public financial management and poses critical questions about the issues and challenges that governments face in administering budgets and managing public finances and fiscal policy.
|
|
|
|
Germany In An Interconnected World Economy
|
|
Germany has been a central player in discussions on the future architecture of Europe, and has been called on to play a larger role in supporting global and, especially, European recovery from the financial crisis that triggered the Great Recession. This book focuses on the possible economic role of Germany and shows that the quantitative effects of a German fiscal stimulus would be small on the heavily indebted euro area periphery countries that most need the boost. The book finds that Germany itself faces a growth challenge and that efforts to raise its own growth potential are important for Germany, and that more rapid growth of domestic demand will more powerfully stimulate European economic growth through its expanded demand for imports.
|
|
|
|
Building a Common Future in Southern Africa: Challenges and Opportunities
|
|
The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the people of the region, by fulfilling its vision to become an economic community with a common market and monetary union. This volume describes policy options to address the barriers to equitable and sustainable development in the region and outlines a plan for deeper regional integration.
|
|
|
|
Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems
|
|
The Eastern Caribbean Economic and Currency Union (OECS/ECCU) is one of four currency unions in the world. As in other parts of the world in the aftermath of the global economic and financial crisis, the region is at a crossroads, facing the major challenges of creating jobs, making growth more inclusive, reforming the banking system, and managing volatility, while grappling with high public debt and persistent low economic growth. Policymakers have the critical task of implementing strong reforms to strengthen the monetary union while also laying the foundation for accelerating growth. This Handbook provides a comprehensive analysis of the key issues in the OECS/ECCU, including its organization and economic and financial sector linkages, and provides policy recommendations to foster economic growth.
|
|
|