International Monetary Fund (IMF)
Fiscal sustainability indicators have limited effect on CDS spreads, says IMF paper
Fund study shows sovereign credit default swap spreads are driven largely by short-term liquidity conditions and large-scale long-term bond purchases by major central banks
Lagarde calls for larger firewall to ease funding costs
Fund managing director Christine Lagarde says $500 billion boost in lending capacity will improve growth and allow for deeper integration in Europe; says larger firewall is also needed
Credit rating agencies pose stability risks, says IMF paper
Fund study shows opinions of rating agencies can influence financial stability through impact on sovereign funding costs
IMF paper on optimal monetary policy frameworks under price distortions
Fund study shows sectoral inflation targeting and output gap stabilisation outperform strict headline inflation targeting in the presence of subsidised prices for goods
Central banks' financing of governments warranted in some cases, says IMF paper
Fund study outlines appropriate framework to enable central banks in developing countries to lend to governments in the short-term
IMF plans to raise $500 billion in new funds
Fund executive directors say doubling of lending resources will shore up emergency facility and aid indebted nations
Quasi-fiscal policies pose inflationary risks, warns IMF paper
Fund study says quantitative easing can lead to excessive inflation if fiscal authorities do not fully back operations to expand central banks' balance sheets
IMF’s Lipton: credit easing policy in Asia may be warranted
Fund first deputy managing director David Lipton says policy-makers in Asia may need to introduce unconventional monetary policy measures in the event of a global recession
Eulex drops corruption charges against former Kosovo governor
Central Bank of the Republic of Kosovo former governor Hashim Rexhepi freed after European Union prosecutors end case
IMF paper proposes new toolkit to monitor fiscal vulnerabilities
Fund study builds new toolkit to assess fiscal risks in advanced economies; framework contributes to IMF-Financial Stability Board Early Warning Exercise
IMF paper: High international reserves are not panacea for low-income countries
International Monetary Fund study measures economic impact of external shocks on low-income countries with different levels of international reserves; says reserves provide cushion not remedy
IMF paper measures the natural rate of interest
Fund study says the transformed money demand and observed output gap provides the best information about the natural interest rate
IMF models new liquidity stress test framework
International Monetary Fund study creates new template to conduct balance sheet-based liquidity stress tests
Japan’s QE supported economic activity, says IMF paper
Fund study shows monetary policy transmission mechanism in Japan may have strengthened due to improvements in the banking sector and deleveraging in the corporate sector
Hungary's borrowing costs soar
Yield on Hungarian 10-year debt exceeds 10% amid investor concern that Budapest will not receive IMF assistance
Iceland receives final Nordic cash injection
Central Bank of Iceland receives last tranche of loans from Nordic countries as part of IMF deal to build foreign exchange reserves; agrees to delay loan from Poland
Capital controls are second-best policies: IMF paper
Fund study examines the new economics literature on prudential capital controls and finds the tools can help reduce financial instability
IMF paper identifies weaknesses in Central America's supervisory practices
Fund study says there is considerable scope for Central American countries to enhance financial supervision and regulation
IMF working paper on bank competition
Researchers look at effects of intermediation technology on banking competition and financial stability
Employment protection can amplify business cycles: IMF paper
Fund study shows lower firing costs can reduce output volatility in emerging markets during recessions
New director for IMF Institute
Christine Lagarde announces Sharmini Coorey as new head of the IMF’s economic management training body; also reveals new directors of the external relations and human resources departments
IMF delivers gloomy Greece update
IMF releases Fifth Review Under the Stand-By Arrangement for Greece; offers a bleak picture of the country’s economy and future
IMF and China make joint call for stronger financial stability assessments
People’s Bank of China and International Monetary Fund hold joint symposium in Shanghai; call for better financial stability assessments in Asia and worldwide
Ireland’s Gerlach optimistic about fiscal adjustments
Central Bank of Ireland deputy governor Stefan Gerlach says progress towards completing Ireland’s fiscal adjustment programme has gone better than expected