International Financial Institutions: Dealing with New Global Challenges

November 4, 2005

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Format: Chicago

International Financial Institutions: Dealing with New Global Challenges, (USA: International Monetary Fund, 2005) accessed December 23, 2024

Summary

This paper discusses how international financial institutions (IFIs) can deal with new global challenges. The paper highlights that surveillance is the primary responsibility of the IMF. To make it more effective, more attention should be paid to long-term, structural developments that, if left unaddressed, can over time create intractable rigidities and obstacles to growth. These include labor market rigidities, the consequences of demographic trends such as aging, and even the accumulation of international reserves. The interrelations between countries and the systemic impact of policies should also be a key focus of surveillance.

Subject: Asset and liability management, Balance of payments, Banking, Capital account liberalization, Emerging and frontier financial markets, Financial crises, Financial markets, Lender of last resort, Liquidity, Public expenditure review

Keywords: Africa, Capital account liberalization, Emerging and frontier financial markets, Global, Governor of the Banque de France, IMF surveillance, Lender of last resort, Liquidity, Managing director of the International Monetary Fund, PJ, Use of time, Year's lecture

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

per Jacobson lecture
Stock No:

PJIEA2005002
ISBN:

9781451950199
ISSN:

0252-3108

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