Comment
Author: Mr. Omotunde E. G. Johnson
Language:
English
Keywords:
SEM; market; bank; rating; market participant; market discipline; IMF surveillance; risk profile; government regulator; Financial sector stability; Credit; Credit risk; Financial Sector Assessment Program; Global; Europe; Southeast Asia; East Asia; Asia and Pacific

Abstract

In general, the paper by Sundararajan, Ariyoshi, and Ötker-Robe succeeds in what it sets out to do—that is, it provides a very comprehensive overview of the issues revolving around capital flows and liberalization of the capital account and the impact on an economy’s financial system. This comment is arranged in four main sections, based on points they covered: linkages between capital mobility and financial stability; systemic responses; sequencing of capital account liberalization and supporting policies; and concluding remarks.

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Cover Financial Risks, Stability, and Globalization
Financial Risks, Stability, and Globalization
Author: Mr. Omotunde E. G. Johnson
ISBN:
9781589060128
Publication Date:
29 Apr 2002
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589060128.072
Pages:
570