This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow)...

This study considers the role of policy coordination in strengthening economic performance, and the part that economic indicators can play in this process. It begins by reviewing the objectives of economic cooperation (exploiting positive externalities and avoiding negative ones), and some of...

Hedge funds have attracted increased attention in recent years. In part, this is because investment in hedge funds is becoming “mainstream”. A wider range of investors has sought exposure to these investment vehicles, and this has been associated with rapid growth in both the number of funds...

Stability in financial institutions and in financial markets are closely intertwined. Banks and other financial institutions need liquid markets through which to conduct risk management. And markets need the back-up liquidity lines provided by financial institutions. Market liquidity depends not...

Die wechselnde Rolle des Internationalen Währungsfonds Das internationale Währungssystem hat sich in den letzten Jahren fundamental verändert. Folglich hat die Rolle des Internationalen Währungsfonds eine substantielle Veränderung erfahren. Dieser Beitrag zeigt die Änderungen, die die...

In this book, policymakers, academics and market practitioners exchange views on the current economic situation, appropriate financial regulatory and supervisory standards, design of financial market institutions, and efficient safety nets for banks and other financial institutions. This volume...

In this book, policymakers, academics and market practitioners exchange views on the current economic situation, appropriate financial regulatory and supervisory standards, design of financial market institutions, and efficient safety nets for banks and other financial institutions. This volume...

Finanzinnovation: makroökonomisch und vorsorgerelevante Konsequenzen Die letzten zwei oder drei Jahrzehnte waren Zeugen von sich beschleunigenden Veränderungen auf den Finanzmärkten als Ergebnis eines Zusammenwirkens von Deregulierung und Innovation. Die jüngsten Innovationsserien sind auf...