Comment
Author: EDUARDO FERNÁNDEZ-ARIAS
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; liquidity regulation; private sector involvement; IMF rescue package; emerging market paper; liquidity standard; Moral hazard; Emerging and frontier financial markets; International cooperation; Financial contagion

Abstract

This paper concentrates on taking stock of recent international initiatives to strengthen the financial system and the role that the IMF has played, and will play, in them, especially in the context of surveillance. The initiatives covered are of two types: (1) those to assess the risk and vulnerability of financial sectors; and (2) those to develop standards and codes to foster sound financial systems. The paper does not attempt to analytically review the content of the initiatives, but rather “overviews” them, except in a few passing references in the closing section on remaining challenges.

Within Same Series

Other IMF Content

Other Publishers Content

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