Policy Papers
2004
August 9, 2004
Safeguards Assessments -- Semi-Annual Update
August 4, 2004
Financial Sector Regulation - Issues and Gaps
Description: This paper addresses issues in financial sector regulation from two perspectives. First, it reports on the state of implementation of financial regulatory standards across banking, insurance, and securities sectors in a select group of Fund member countries. Second, it raises issues relating to the design of these three sector standards, arising from the implementation experience and the evolving structure of financial systems. In this regard, the paper identifies a few emerging regulatory risks and some cross-sectoral issues that may warrant further guidance by standard setters.
July 16, 2004
Signaling by the Fund - A Historical Review
Description: The objective of this paper is to review the Fund's thinking about signaling since its inception, with a view to drawing lessons for the design of possible signaling mechanisms. Over the years, the Fund has both reflected on the ways in which its main activities - especially surveillance and use of Fund resources (UFR) - send signals, and has created instruments for the express purpose of signaling. Overall, attempts to 'design' signaling mechanisms have been less than fully successful. This paper attempts to elucidate why, drawing primarily on the Fund's own thinking and assessments.
July 2, 2004
Sovereign Debt Structure for Crisis Prevention
April 24, 2004
Recent Policies and Performance of the Low-Income CIS Countries--An Update of the CIS-7 Initiative
April 21, 2004