Imbalances
Detail matters when monitoring external imbalances – IMF research
Gross external debt is one of the clearest signs of vulnerability, study finds
IMF economists call for action on global imbalances
“Excessive” imbalances exist in 40% of cases, though they have narrowed slightly
BoE and FCA move to tackle systemic risks in open-ended funds
Mark Carney says issues are “increasingly appreciated” in global discussions
‘Sectoral’ counter-cyclical buffer could boost resilience, says Basel Committee
Targeted tool would have a narrower impact on segments of the market
SBP looks back on tough year for Pakistan
Lack of fiscal consolidation hampered central bank’s crisis response, annual report says
30 years of central banking
Central banks face credibility tests on a number of fronts
Uribe details aggressive Flar expansion plans
Latam fund chief José Darío Uribe on: Flar’s efforts to support regional financial stability; exposure to Venezuela; and more
Agustín Carstens on fixing the global monetary system
The BIS chief speaks on the global safety net, emerging markets’ vulnerabilities and fintech challenges
IMF staff strike deal for $6 billion Pakistan bailout
Mission chief says central bank should focus on inflation control and exchange rate flexibility
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
UAE deposits $3 billion with State Bank of Pakistan
Deposit comes as Pakistan’s foreign exchange reserves dwindle and IMF talks continue
Riksbank urges introduction of 5% leverage ratio
Sweden’s central bank sounds the alarm to fellow supervisor
Sri Lankan central bank tackles ‘large and persistent’ liquidity deficit
Central bank adjusts policy to support banks, but weak economy and falling rupee limit options
China’s rebalancing on hold as growth falters – IMF paper
Rebalancing is expected to continue in 2019, but income inequality and leverage could prove an issue
The euro: a troubled third decade?
Italy’s pact-busting budget highlights ongoing eurozone frailties
BIS paper defends credit gap measure
Use of Hodrick-Prescott filter is controversial but the gap still outperforms others, authors find
Which emerging markets are in the firing line?
Some emerging markets are under pressure, but not all are vulnerable
Book notes: China’s Great Wall of Debt, by Dinny McMahon
McMahon is too pessimistic about the chances of China managing to get its great wall of debt under control, writes Michael Taylor, but he is undoubtedly right about the scale of the challenge
SBP devalues rupee again as reserves dwindle
Two years on from last IMF rescue package, Pakistan is again experiencing balance of payments troubles
Fed’s Brainard warns of ‘financial imbalances’
Fed board member points to risks in high asset prices and business debt
The IFF China Report 2018: The Belt and Road Initiative
China’s signature Belt and Road Initiative (BRI) now includes 71 countries, with trillions of dollars of investment allocated. Leading Chinese and international policymakers explain how BRI efforts are progressing. This section includes an inaugural…
The IFF China Report 2018: Post-financial crisis – A decade on
The Global Financial Crisis sparked Group of 20 countries to introduce tough new regulations on financial institutions and instruments. Yet the architecture of the global monetary, economic and financial system has many flaws. What lessons can China…
Denmark is entering a boom – central bank
Nordic country benefiting from growth in export markets, including US and eurozone