Chapter 5 Institutional Responses to Recent Episodes of Financial Instability
Author:
Mr. Charles Enoch
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Language:
English
Print Publication Date:
06 Nov 2008
Keywords:
SEM; central bank; certificate; fund; securities account; payment system; market stability; securities intermediary; TA activity; Securities; Hedge funds; Deposit insurance; Financial sector stability; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global; Europe; North America; Sub-Saharan Africa; Central Asia; Western Europe; insurance fund; power of the BRSA; government indebtedness; bank resolution agency; a number of country; Bank supervision; Commercial banks; Banking crises; Blanket guarantee; Central and Eastern Europe; Baltics

Abstract

It has been estimated that more than half the membership of the IMF has experienced at least one episode of financial instability over the past thirty years. In the last fifteen years alone, countries hit by financial instability include Mexico, Argentina, Uruguay, Russia, the countries of Scandinavia, the countries of southeastern Europe and the Baltics, as well as Japan, Thailand, Indonesia, and Korea. While these countries have all recovered, to a greater or lesser extent, there remains in many of them an institutional legacy that is likely to persist long beyond the crisis itself.

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Cover Current Developments in Monetary and Financial Law, Vol. 5
Current Developments in Monetary and Financial Law, Vol. 5
ISBN:
9781589067738
Publication Date:
06 Nov 2008
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589067738.072
Pages:
668
Front Matter
I. Legal Developments in the IMF
II. Central Bank Law
III. Financial Stability : Overview
IV. Rationale for Regulation of Derivatives and Hedge Funds
V. Financial Disclosure, Liability of Supervisors, and Legal Risk in Financial Markets
VI. Anti-Money Laundering—Terrorist Financing and Financial Stability
VII. Governance, Deposit Insurance, and Market Discipline
VIII. Payments, Settlement, and Securities Infrastructure