Last Updated: October 13, 2008

Financial Crisis

IMFC Chairman Youssef Boutros-Ghali (r) confers with IMF Managing Director Dominique Strauss-Kahn at panel's meeting in Washington, D.C. (IMF photo)

World financial leaders endorsed an action plan announced by the seven leading advanced economies to combat the international financial crisis in what IMF Managing Director Dominique Strauss-Kahn called the "first big success in coordination" to halt the downward spiral in world markets and support the global financial system.

Analysis

Need to Contain Crisis, Rethink Financial System

October 7, 2008
The turmoil in the global financial system will require a comprehensive effort by national authorities to restore confidence, get credit markets functioning properly again, and produce longer-term policies to rebuild the system, the IMF said in its Global Financial Stability Report.

Financial Markets: Getting the Incentives Right

May 30, 2008
Correcting the problems that led to the financial market crisis of 2007-8 will not be easy, given the faulty incentives that created the crisis are entrenched in the marketplace and in regulatory systems.

Policy Overview

Communiqué of the International Monetary and Financial Committee of Board of Governors of the IMF
October 11, 2008

Global Financial Stability Report: Financial Stress and Deleveraging—Macro-Financial Implications and Policy
October 2008

Factsheet: Financial system soundness
September 23, 2008

Opinion

A Global Solution

Friday, October 10, 2008
IMF's Dominique Strauss-Kahn on need for a global solution in the Financial Times

Navigating the Storm

Friday, October 10, 2008
IMF's John Lipsky on the global economy in The Washington Post.

A Systemic Crisis Demands Systemic Solutions

September 23, 2008
IMF's Dominique Strauss-Kahn takes stock of the financial crisis and offers his advice for moving forward in the Financial Times.

Spotlight

IMF Presses Four-Step Plan to Halt Financial Spiral

October 10, 2008
IMF Managing Director Dominique Strauss-Kahn called on world financial leaders meeting in Washington to address the crisis of confidence in financial markets with coordinated international action.

Amid Crisis, IMF Emphasizes Readiness to Lend Quickly

October 9, 2008
Managing Director Dominique Strauss-Kahn has emphasized the IMF's readiness to act quickly through its emergency financing procedures to lend to countries needing help during the present financial crisis.

Research and Publications

New Channels Spread U.S. Subprime Crisis To Other Markets

September 23, 2008
New channels spread the mid-2007 turbulence in the U.S. subprime mortgage market to other U.S. and foreign markets.

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