Author/Editor: Atilla Arda, Marc C Dobler.

Release Date: January, 2022

This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution and too easy to use outside resolution. The paper proposes reforms in three areas more...

Author/Editor: Jaromir Benes, Michael Kumhof, Douglas Laxton.

Release Date: April, 2014

This paper, together with a technical companion paper, presents MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential more...

Author/Editor: Jaromir Benes, Michael Kumhof, Douglas Laxton.

Release Date: April, 2014

This paper presents the theoretical structure of MAPMOD, a new IMF model designed to study vulnerabilities associated with excessive credit expansions, and to support macroprudential policy analysis. more...

Author/Editor: Giulia Bettin, Andrea Presbitero, Nicola Spatafora.

Release Date: January, 2014

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, more...

Release Date: December, 2013

This guide explains the nature and objectives of the General Data Dissemination System (GDDS), describes its operation, and provides practical guidance to IMF member countries on participation in the more...

Release Date: November, 2013

Over the past dozen years or so, China has faced major challenges in the conduct of monetary policy. In responding to these challenges, China’s monetary policy has successfully maintained stability more...

Release Date: October, 2013

The October 2013 Global Financial Stability Report examines current risks facing the global financial system at it undergoes a series of transitions along the path toward greater financial stability. more...

Release Date: October, 2013

The IMF's 2013 Annual Report chronicles the response of the institution's Executive Board and staff to the global financial crisis and other events during financial year 2013, which covers the period more...

Author/Editor: Michael G Papaioannou, Joonkyu Park, Jukka Pihlman, Han van der Hoorn.

Release Date: September, 2013

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for more...

Author/Editor: Joong Shik Kang, Jay C Shambaugh.

Release Date: July, 2013

Explanations of the large current account deficits for the euro area periphery and the Baltics in the run up to the crisis revolve around two main factors: deteriorating export performance or demand more...

Author/Editor: M Cangiano, Teresa R Curristine, Michel Lazare.

Release Date: April, 2013

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in more...

Author/Editor: Troy Matheson.

Release Date: March, 2013

The global financial crisis was a stark reminder of the importance of cross-country linkages in the global economy. We document growth synchronization across a diverse group of 185 countries covering more...

Author/Editor: F Gulcin Ozkan, D Filiz Unsal.

Release Date: December, 2012

The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market more...

Author/Editor: Leandro Medina.

Release Date: December, 2012

This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of more...

Author/Editor: Yi Wu.

Release Date: October, 2012

This paper examines publicly listed Chilean firms’ performance during the 2008–09 crisis. In particular, it studies the effects from changes in external financing conditions, aggregate demand, more...

Author/Editor: Adolfo Barajas, Ralph Chami, Christian Ebeke, Sampawende J -A Tapsoba.

Release Date: October, 2012

This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral more...

Release Date: October, 2012

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing U.S. policymakers. more...

Release Date: September, 2012

Release Date: August, 2012

The Central Bank of Tunisia's (CBT) liquidity support contributed to rapid credit growth in Tunisia and an uptick in inflation. The Tunisian economy is expected to recover gradually. Banking sector more...

Release Date: August, 2012