IMF research warns Liikanen, Vickers and Volcker could cause instability

José Viñals

Research published today by the International Monetary Fund (IMF) has warned that a better understanding of the cross-border impact of structural bank reforms is needed if policy-makers are to be sure that the costs outweigh the benefits.

A staff discussion note prepared by José Viñals, director of the Monetary and Capital Markets Department, and economists Ceyla Pazarbasioglu, Jay Surti, Aditya Narain, Michaela Erbenova and Julian Chow urges policy-makers to perform a "global cost-benefit

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