The State As Financier Of Last Resort
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Author | : Bryn Battersby |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2022-10-13 |
Genre | : Business & Economics |
ISBN | : |
During the COVID-19 pandemic and global financial crisis, governments swiftly served as financiers of last resort through large financial support measures (FSMs) such as loan and guarantee programs and equity injections in firms. This Staff Discussion Note argues that such FSMs prevented bankruptcies and attenuated the recession by increasing firms’ liquidity, reducing risk premiums, and boosting confidence. But FSMs also carry large and long-lasting fiscal costs and risks. The note presents recommendations for managing the legacies of the COVID-19 programs and preparing for future crises. Ideally, FSMs should be assessed and included in budget plans, though a balance needs to be struck between speed and scrutiny.
Author | : Ms.Ratna Sahay |
Publisher | : International Monetary Fund |
Total Pages | : 41 |
Release | : 2015-05-04 |
Genre | : Business & Economics |
ISBN | : 1498312616 |
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.
Author | : International Monetary Fund. Monetary and Capital Markets Department |
Publisher | : International Monetary Fund |
Total Pages | : 94 |
Release | : 2012-04-18 |
Genre | : Business & Economics |
ISBN | : 1616352477 |
The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.
Author | : United States. Congress. House. Committee on Banking, Currency, and Housing. Subcommittee on Economic Stabilization |
Publisher | : |
Total Pages | : 1730 |
Release | : 1975 |
Genre | : Debts, Public |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 862 |
Release | : 1916 |
Genre | : |
ISBN | : |
Author | : Dick K. Nanto |
Publisher | : DIANE Publishing |
Total Pages | : 127 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 1437919847 |
Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 164 |
Release | : 2007-06-27 |
Genre | : |
ISBN | : 9264033297 |
With short-term prospects somewhat brighter, and budgetary prospects improved, the OECD Economic Survey of France 2007 looks at some long-term challenges: the performance of policies for education and those for poverty and social exclusion is ...
Author | : United States. Congress. Senate. Committee on Governmental Affairs |
Publisher | : |
Total Pages | : 920 |
Release | : 1977 |
Genre | : Legislative hearings |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Intergovernmental Relations |
Publisher | : |
Total Pages | : 716 |
Release | : 1978 |
Genre | : City planning |
ISBN | : |
Author | : Great Britain. Parliament. House of Commons. International Development Committee |
Publisher | : The Stationery Office |
Total Pages | : 100 |
Release | : 2009 |
Genre | : Political Science |
ISBN | : 9780215526502 |
Incorporating HC 945-i, ii, and iii of session 2007-08. The DFID annual report 2009 published as HC 492, session 2007-08 (ISBN 9780102953664)