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International Financial Institutions
			: Dealing with New Global Challenges

International Financial Institutions : Dealing with New Global Challenges »

Series: per Jacobson lecture

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 November 2005

DOI: http://dx.doi.org/10.5089/9781451950199.028

ISBN: 9781451950199

Keywords: Banking, Lender of last resort, Emerging and frontier financial markets, Public expenditure review, PJ, governor of the Banque de France, managing director of the International Monetary Fund, year's lecture, use of time, IMF surveillance

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,...

The Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank »

Source: The Eastern Caribbean Central Bank : Challenges to an Effective Lender of Last Resort

Volume/Issue: 2008/214

Series: IMF Working Papers

Author(s): Pablo Druck , and Mario Dehesa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2008

ISBN: 9781451870725

Keywords: Lender of last resort, liquidity assistance, exchange rate risk, veto power, ECCB, central bank, exchange rate, currency boards, currency board

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the the...

Monetary Policy in the Presence of Islamic Banking

Monetary Policy in the Presence of Islamic Banking »

Source: Monetary Policy in the Presence of Islamic Banking

Volume/Issue: 2016/72

Series: IMF Working Papers

Author(s): Mariam El Hamiani Khatat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 2016

ISBN: 9781475523942

Keywords: Islamic banks, dual financial systems, monetary policy, monetary transmission mechanism, monetary operations, Sukuk markets, lender of last resort.

This paper discusses key issues related to the conduct of monetary policy in countries that have Islamic banks. It describes the macrofinancial background and monetary policy frameworks where Islamic banks typicall...

Timing of International Bailouts

Timing of International Bailouts »

Source: Timing of International Bailouts

Volume/Issue: 2004/9

Series: IMF Working Papers

Author(s): Se-Jik Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2004

ISBN: 9781451842623

Keywords: International lender of last resort, crisis contagion, information asymmetry, crisis prevention, contagion, international crisis, International Monetary Arrangements and Institutions, International Lending and Debt Problems,

This paper proposes that international rescue financing should not be provided to a country where a crisis first occurs, but rather to any country that suffers a subsequent crisis. Such a timing-based lending facil...

The Lender of Last Resort Function after the Global Financial Crisis

The Lender of Last Resort Function after the Global Financial Crisis »

Source: The Lender of Last Resort Function after the Global Financial Crisis

Volume/Issue: 2016/10

Series: IMF Working Papers

Author(s): Marc Dobler , Simon Gray , Diarmuid Murphy , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

ISBN: 9781498355995

Keywords: collateral, risk control measures, market, lender, liquidity, central bank, Government Policy and Regulation, All Countries,, Lender of last resort, Central banks and their policies

The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the tradit...

Global Financial Crises

Global Financial Crises »

Source: Global Financial Crises : Institutions and Incentives

Volume/Issue: 2000/105

Series: IMF Working Papers

Author(s): Manmohan Kumar , Paul Masson , and Marcus Miller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451852813

Keywords: Financial crisis, International monetary reform, lender of last resort, financial crises, short-term debt, sovereign debt, liquidity crises, short term debt, moral hazard

Increasing emphasis has been placed on the need for an effective lender of last resort for sovereign states and on procedures for sovereign debt restructuring to help cope with global financial crises. Where privat...

Canada

Canada »

Source: Canada : Financial Sector Assessment Program-Technical Note-Systemic Liquidity

Volume/Issue: 2020/018

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 January 2020

ISBN: 9781513527161

Keywords: Liquidity, Collateral, Lender of last resort, Securities markets, Securities, ISCR, CR, liquidity support, bond market, ELA framework

This Technical Note on Financial Safety Net and Crisis Management for the Canada examines systematic liquidity issues. The review evaluated the Bank of Canada's (BOC's) operational framework and its ability to mana...

Limiting Taxpayer �Puts��An Example from Central Counterparties1

Limiting Taxpayer �Puts��An Example from Central Counterparties1 »

Source: Limiting Taxpayer ?Puts??An Example from Central Counterparties

Volume/Issue: 2014/203

Series: IMF Working Papers

Author(s): Manmohan Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2014

ISBN: 9781498322423

Keywords: Lender-of-last-resort, central counterparties, variation margin gains haircut, financial stability, lender, derivative, derivatives, International Monetary Arrangements and Institutions, Government Policy and Regulation, Government Policy and Regulation

Nonbanks such as central counterparties (CCPs) are a useful lens to see how regulators view the role of the lender-of-last-resort (LOLR). This paper explores the avenues available when a nonbank failure is likely,...

IMF/Netherlands Program - Legal and Judicial Report in Indonesia 2000-2004 - External Evaluation Final Report

IMF/Netherlands Program - Legal and Judicial Report in Indonesia 2000-2004 - External Evaluation Final Report »

Source: IMF/Netherlands Program - Legal and Judicial Report in Indonesia 2000-2004 - External Evaluation Final Report

Volume/Issue: 2005/014

Series: Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2005

ISBN: 9781498331890

Keywords: Fund, Technical Assistance, Technical assistance programs, Economic growth, Financial crises, Economic recovery, Development, Lender of last resort, Independent Evaluation Office, commercial court

The evaluation of the IMF/Netherlands Program for legal and judicial reform in Indonesia was undertaken during July 2004 in Jakarta by a team of three persons appointed by the Government of Indonesia, the Governmen...

The Interaction of Monetary and Macroprudential Policies

The Interaction of Monetary and Macroprudential Policies »

Source: The Interaction of Monetary and Macroprudential Policies

Volume/Issue: 2012/107

Series: Policy Papers

Author(s): International Monetary Fund. Monetary and Capital Markets Department;International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 December 2012

ISBN: 9781498339506

Keywords: Financial stability, Financial systems, Macroprudential Policy, Monetary policy, Political economy, Price stabilization, Central bank governance, Financial and Monetary Sector, Central bank independence, Interest rate policy

The recent crisis showed that price stability does not guarantee macroeconomic stability. In several countries, dangerous financial imbalances developed under low inflation and small output gaps. To ensure macroeco...