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Redesigning The Contours Of The Future Financial System
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Book Synopsis Redesigning the Contours of the Future Financial System by : Ms.Laura E. Kodres
Download or read book Redesigning the Contours of the Future Financial System written by Ms.Laura E. Kodres and published by International Monetary Fund. This book was released on 2010-08-16 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financial regulations that reflect the systemic nature of financial risks and the role that macroeconomic policies play. Global consistency of regulation and financial sector taxation will be essential to mitigate systemic risks, avoid unintended distortions, and help ensure a level playing field. This note suggests the key aspects of the future contours will likely be: ? Banks are expected to return to their more traditional function as stricter regulation will limit the risks and activities they can undertake. ? The nonbanking sector will likely have a greater competitive advantage—both in supplying credit and providing investors with nonbank services—and will thus grow. ? The perimeter of regulation will need to expand to take into account risks in the nonbank sector. ? Market infrastructure will be reinforced to protect investors and will need to provide simplicity and transparency to make risks clearer and the financial system safer. ? The global financial system is likely to be smaller and less levered than in the recent past, and could well be less innovative and dynamic, at least for a while.
Book Synopsis Building a More Resilient Financial Sector by : Aditya Narain
Download or read book Building a More Resilient Financial Sector written by Aditya Narain and published by International Monetary Fund. This book was released on 2012-04-19 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises, as well as to limit the consequences if they do occur. The policy choices are both urgent and challenging, and are complicated by the relationship between sovereign debt and risks to the banking sector. Building a More Resilient Financial Sector describes the key elements of the reform agenda, including tighter regulation and more effective supervision; greater transparency to strengthen market discipline and limit incentives for risk taking; coherent mechanisms for resolution of failed institutions; and effective safety nets to limit the impact on the financial system of institutions viewed as "too big to fail." Finally, the book takes a look ahead at how the financial system is likely to be shaped by the efforts of policymakers and the private sector response.
Book Synopsis The Future of Asian Finance by : Ms. Ratna Sahay
Download or read book The Future of Asian Finance written by Ms. Ratna Sahay and published by International Monetary Fund. This book was released on 2015-08-21 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia’s financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region’s economies, including demographics and aging, the need to diversify from bank-dominated systems, urbanization and infrastructure, and the rebalancing of economic activity. This book takes stock of how systems in Asia’s advanced and emerging market economies compare with the rest of the world and how reforms to develop equity and bond markets have progressed. It then looks forward at how Asian financial systems will evolve in complexity and interconnectedness and what this means for the regional financial centers of Hong Kong SAR and Singapore. Finally, it looks at how the region’s demographic dividend can be harnessed to finance infrastructure, the state of economic and financial integration in ASEAN, the role of capital flows, and how changes to global regulatory regimes will affect Asian financial systems.
Book Synopsis Handbook of the International Political Economy of Governance by : Anthony Payne
Download or read book Handbook of the International Political Economy of Governance written by Anthony Payne and published by Edward Elgar Publishing. This book was released on 2014-04-25 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1990s many of the assumptions that anchored the study of governance in international political economy (IPE) have been shaken loose. Reflecting on the intriguing and important processes of change that have occurred, and are occurring, Profess
Book Synopsis Reluctant Regulators by : Leo F. Goodstadt
Download or read book Reluctant Regulators written by Leo F. Goodstadt and published by Hong Kong University Press. This book was released on 2011-04-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007-2009 global financial crisis was predictable and avoidable, but American and British regulators chose not to intervene. They failed to implement their own policies because of an Anglo-American "regulatory culture" of non-intervention that dominated financial regulation worldwide. Hong Kong--the international financial center of an increasingly prosperous China--defied world opinion and made stability its priority. This policy ensured Hong Kong's robust performance during the last 15 years, and it made possible Hong Kong's impressive contributions to financing China's economic take-off and to the modernization of its financial institutions.Reluctant Regulatorsis a scathing indictment of regulatory inertia in the West. It provides original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization. Leo F. Goodstadtwas chief policy adviser to the Hong Kong Government as head of its Central Policy Unit (1989-1997) and has had an extensive consultancy practice in Asian banking. He has written widely on the global financial crisis and on China's economic development.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498339948 Total Pages :37 pages Book Rating :4.4/5 (983 download)
Book Synopsis The IMF Financial Surveillance Strategy by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book The IMF Financial Surveillance Strategy written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2012-08-28 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines strategic priorities for the IMF’s financial surveillance in the coming years. It complements recent discussions on the work agenda in this area. It takes stock of innovations and gaps in financial surveillance by the Fund during the past decade, including in the wake of the current global financial crisis. It proposes concrete and prioritized steps to further strengthen financial surveillance so that the Fund can fulfill its mandate to ensure the effective operation of the international monetary system and support global economic and financial stability.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1475510950 Total Pages :443 pages Book Rating :4.4/5 (755 download)
Book Synopsis Global Financial Stability Report, October 2012 by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Global Financial Stability Report, October 2012 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2012-11-30 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2012 Global Financial Stability Report (GFSR) finds increased risks to the global financial system, with the euro area crisis the principal source of concern, and urges policymakers to act now to restore confidence, reverse capital flight, and reintegrate the euro zone. This GFSR presents a report on whether regulatory reforms are moving the financial system in the right direction, and finds that progress has been limited, partly because many reforms are in the early stages of implementation and partly because crisis intervention methods are still in use in a number of economies, delaying the movement of the financial system onto a safer path. The final chapter examines whether certain aspects of financial structure enhance economic outcomes. Indeed, some structural features are associated with better outcomes. In particular, financial buffers made up of high-quality capital and truly liquid assets tend to be associated with better economic performance.
Book Synopsis Alternative Banking and Financial Crisis by : Kurt von Mettenheim
Download or read book Alternative Banking and Financial Crisis written by Kurt von Mettenheim and published by Routledge. This book was released on 2015-10-06 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent banking crisis has brought into question the business model used by most large banks. This collection of essays explores the success of ‘alternative banks’ – savings banks, cooperative banks and development banks, using case studies from around the world and discussion of both the historical and theoretical context of banking practices.
Book Synopsis Transatlantic Economic Challenges in an Era of Growing Multipolarity by : Jacob F. Kirkegaard
Download or read book Transatlantic Economic Challenges in an Era of Growing Multipolarity written by Jacob F. Kirkegaard and published by Peterson Institute. This book was released on 2012 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shifts in global economic dominance are by nature tectonic and never precipitated by single events. The Great Recession of 2008–09, however, has presented the European Union, its common currency the euro, and the United States with new global challenges. The transatlantic partnership has dominated the world economy since the early 20th century and, based upon US and European values and interests, has designed and sustained all its principal global political and economic institutions. But countries outside the European Union and United States now account for about half of the world economy, and in the aftermath of the Great Recession their share is growing rapidly. Hence their increasing role and concomitant demands for greater influence over global economic governance pose a series of challenges and opportunities to the European Union and the United States, as illustrated by the eclipse of the G-8 by the G-20. The contributions in this volume by subject area experts from the Peterson Institute for International Economics and Bruegel ponder how or whether the rise of outside actors of potentially equal, or even greater, economic weight will invariably force a rethinking of not only how the European Union and the United States should conduct policy externally towards the new rising economic poles, but also of the substantive contents of the EU-US bilateral economic and political relationship.
Book Synopsis Internal Rating Systems and the Bank-Firm Relationship by : Bernardino Quattrociocchi
Download or read book Internal Rating Systems and the Bank-Firm Relationship written by Bernardino Quattrociocchi and published by Springer. This book was released on 2016-02-18 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the conceptual and operational tools for understanding the mechanisms for assigning a rating to a network of companies. In it, the author explores the rating systems of corporate networks and analyses the link between rating and an enterprise network.
Book Synopsis From Fragmentation to Financial Integration in Europe by : Mr.Charles Enoch
Download or read book From Fragmentation to Financial Integration in Europe written by Mr.Charles Enoch and published by International Monetary Fund. This book was released on 2013-12-11 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Fragmentation to Financial Integration in Europe is a comprehensive study of the European Union financial system. It provides an overview of the issues central to securing a safer financial system for the European Union and looks at the responses to the global financial crisis, both at the macro level—the pendulum of financial integration and fragmentation—and at the micro level—the institutional reforms that are taking place to address the crisis. The emerging financial sector management infrastructure, including the proposed Single Supervisory Mechanism and other elements of a banking union for the euro area, are also discussed in detail.
Book Synopsis The IMF and Global Financial Crises by : Joseph P. Joyce
Download or read book The IMF and Global Financial Crises written by Joseph P. Joyce and published by Cambridge University Press. This book was released on 2013 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.
Book Synopsis Global Governance in Crisis by : Andre Broome
Download or read book Global Governance in Crisis written by Andre Broome and published by Routledge. This book was released on 2017-10-02 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: New practices and institutions of global governance are often one of the most enduring consequences of global crises. The contemporary architecture of global governance has been widely criticized for failing to prevent the global financial crisis and Eurozone debt crises, for failing to provide robust international crisis management and leadership, and for failing to generate a consensus around new ideas for regulating markets in the broader public interest. Global Governance in Crisis explores the impact of the global financial crisis of 2008-2009 on the architecture and practice of contemporary global governance, and traces the long-term implications of the crisis for the future of the global order. Combining innovative theoretical approaches with rich empirical cases, the book examines how the impact of the global financial crisis has played out across a range of global governance domains, including development, finance and debt, trade, and security. This book was published as a special issue of Global Society.
Book Synopsis Credit Rating and Bank-Firm Relationships by : Michele Modina
Download or read book Credit Rating and Bank-Firm Relationships written by Michele Modina and published by Springer. This book was released on 2015-09-22 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role of the rating system in creditworthiness assessment, looking into its current status, strengths and weaknesses and possible evolution in the light of Basel 3 and the Global Economic Crisis.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1455243140 Total Pages :12 pages Book Rating :4.4/5 (552 download)
Book Synopsis IMF Research Bulletin, September 2010 by : International Monetary Fund. Research Dept.
Download or read book IMF Research Bulletin, September 2010 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2010-09-30 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes transmission of the great recession from advanced to emerging economies. The widespread impact of the global financial crisis of 2008–09 has spurred researchers to examine how the associated recession was transmitted from advanced to emerging economies. Recent IMF studies have found that precrisis vulnerabilities such as large current account deficits, rapid credit growth, and high levels of short-term debt were strongly associated with the magnitude of spillovers. Trade, bank lending, and financial markets served as key transmission channels.
Book Synopsis Handbook of Global Economic Governance by : Manuela Moschella
Download or read book Handbook of Global Economic Governance written by Manuela Moschella and published by Routledge. This book was released on 2013-12-17 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.
Book Synopsis Reconstructing the World Economy by : Mr.Olivier J. Blanchard
Download or read book Reconstructing the World Economy written by Mr.Olivier J. Blanchard and published by International Monetary Fund. This book was released on 2010-07-19 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents papers from a conference organized by the Korea Development Institute and the IMF. The purpose of this high-level conference was for policymakers and academics from the Asian region and from G-20 countries to discuss forward-looking economic and financial issues of interest to the international community, such as restoring normalcy to fiscal policy, macroprudential regulation, the future of the financial system, global fiscal imbalances, and the international monetary system. Topics include: (1) A strategy for renormalizing fiscal and monetary policies in advanced economies. Key principles for restoring financial stability in the wake of the crisis, including the timing and sequence for exit, are identified. (2) Rethinking macroeconomic policy. This section examines if and how macroeconomic policy should respond to sectoral imbalances and asset-price and housing imbalances, as well as a potential role for macroprudential regulation. (3) Redesigning the financial system of the future. Responses by both policymakers and the private sector to recent events are evaluated in terms of how they will shape the future financial system and its role in the global economy. (4) Global imbalances. The argument is made that there is an urgent need to address the domestic and international distortions that are a key cause of imbalances; failure to do so would threaten the sustainability of the recovery. (5) The future of the international monetary system. Steps that can be taken to address the inherent weaknesses in the current system are described, including possible solutions on both the demand side and on the supply side.
