International Monetary Fund (IMF)
IMF research analyses Brazil's high interest rates
IMF research paper assesses high interest rates in Brazil; suggests country could move towards lower rates if domestic savings increase to levels found in other emerging markets
IMF working paper formulates new forecasting framework
New IMF research looks into systemic real and financial risks; focuses on the measurement of them, predicting them and stress testing
Central Bank of Hungary governor offers to give up salary
Andras Simor attempts to ease conflict with government; desperate for the country not to lose ability to negotiate with International Monetary Fund over emergency funding
Lagarde stresses importance of firewalls
Managing director of IMF says she is “encouraged” by G-20 commitment to strengthening firewalls to limit spread of economic damage
IMF approves conditional distribution of gold profits
International Monetary Fund agrees to distribute $1.1 billion of profits from gold sales; member countries must first pledge contributions to Poverty Reduction and Growth Trust
IMF paper looks at coincident indicators of capital flows
International Monetary Fund research paper finds methods of tracking capital flows often result in over-predictions
Philippines reveals extent of lending to IMF
Central Bank of the Philippines announces shift in relationship with International Monetary Fund; holdings from the country have been used to support Ireland, Portugal and Greece
Mixed market response as Greece deal is proposed
Regional stock indexes show different impact as eurozone agrees on more bail-out funds for Greece; price of gold edged higher as euro rose after news broke
Asia to develop emergency financial stability safety net
Charles Adams and Lei Lei Song chart the development of the Chiang Mai Initiative Multilateralization and explain three ways to develop Asia’s liquidity support mechanism
Riksbank offers explanation for lending to IMF
Swedish central bank sets out reasons for recommending an increase in the country's contribution to IMF funds
IMF offers fresh perspective on stress testing
International Monetary Fund researchers investigate stress testing in interconnected banking systems
IMF paper investigates valuation impacts of geographic diversification
Paper finds shareholders are less able to monitor firm executives in diverse bank holding companies; allows corporate insiders to extract larger private benefits
Zoellick to leave World Bank in June
World Bank president Robert Zoellick announces decision to step down this year; IMF’s Lagarde says he has served the international community with “great distinction”
IMF paper explores importance of systemic emerging markets
Research paper finds differing results for impacts of trading partners' growth on low-income countries that are predominantly commodity exporters and those that are not
Overburdensome regulation can generate shadow activities, says IMF paper
Fund study says institutions have a larger influence on the size of the underground economy than on tax rates
IMF paper captures spillover effects from tougher capital rules
Fund study shows international spillover effect from higher capital requirements typically account for 20-25% of the total impact on output
Rapid credit growth in Asia driven by domestic factors, says IMF paper
International Monetary Fund study says domestic monetary policy can play a pivotal role in managing credit growth in emerging Asian markets
IMF can help with access to safe assets and global liquidity, says ECB’s Cœuré
European Central Bank executive board member Benoît Cœuré says IMF can help address the shortage of safe assets and global liquidity by borrowing and lending global excess reserves
Heightened uncertainty promoted precautionary savings post-crisis, says IMF paper
Fund study says precautionary motives promoted households in advanced economies to significantly increase savings following the global financial crisis
IMF paper finds inflexible exchange rate regimes most exposed to hot money
Fund study says relatively inflexible exchange rate regimes need to be counteracted by carefully designed macroprudential policies
IMF’s Shinohara urges emerging markets to rethink fiscal approach
Fund deputy managing director Naoyuki Shinohara says advanced economies must walk narrow path to address fiscal imbalances; emerging and developing nations should reconsider pace of adjustment
Treasury bills are superior liquidity instruments, says IMF paper
Fund study says Treasury bills are more secure than central bank bills in performing debt and liquidity management functions
MAS's Menon calls on Asian countries to boost IMF resources
Monetary Authority of Singapore managing director Ravi Menon says Asian countries will need to contribute further to International Monetary Fund to enhance global safety net
Risk-weighted assets proved useful indicator during crisis, says IMF paper
Fund study shows banks with lower risk-weighted assets were able to weather the recent financial crisis better than those with more risky assets