Browse

You are looking at 1 - 10 of 34 items for :

  • Economic Issues x
  • Financial crises x
Clear All
Mr. Mark R. Stone

Abstract

Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups. The objectives of large-scale corporate restructuring are in essence to restructure viable corporations and liquidate nonviable ones, restore the health of the financial sector, and create the conditions for long-term economic growth.

Mr. Mark R. Stone

Abstract

Examines the steps involved in restructuring the corporate sector. Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.

Mr. Steven T Phillips and Mr. Timothy D. Lane

Abstract

Ce document se penche sur la question de l'aléa moral dans le contexte des prêts du FMI au pays présentant des difficultés financières. Les préoccupations suscitées par l'aléa moral ont retenu l'attention au cours des débats récents portant sur la réforme de l'architecture du système financier international et sur le rôle futur du FMI.

Mr. Andrew Berg and Ms. Catherine A Pattillo

Abstract

The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.

Mr. Andrew Berg and Ms. Catherine A Pattillo

Abstract

The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.

Mr. Andrew Berg and Ms. Catherine A Pattillo

Abstract

The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.

Mr. Andrew Berg and Ms. Catherine A Pattillo

Abstract

The integration of financial markets around the world over the past decade has posed new challenges for policymakers. The speed with which money can be switched in and out of currencies and countries has increased with the efficiency of global communications, considerably shortening the time policymakers have to respond to emerging crises. This pamphlet takes alook at attempts by economists to predict crises by developing early warning systems to signal when trouble may be brewing in currency markets and banking systems.

Mr. Marc G Quintyn and Mr. Michael W Taylor

Abstract

En casi todas las grandes crisis financieras de la última década --desde Asia oriental a Rusia, Turquía y América Latina-- la interferencia política en la regulación del sector financiero contribuyó a agravar una situación ya de por sí mala. Las presiones políticas no solo debilitaron la regulación financiera sino que también impidieron que los órganos reguladores y supervisores tomaran medidas contra los bancos en problemas. En este estudio se investiga por qué, para cumplir con su mandato de preservar la estabilidad del sector financiero, los reguladores y supervisores del sector financiero tienen que ser independientes --de la industria de servicios financieros, así como del gobierno-- a la vez que deben rendir cuentas.

Mr. Andrew Berg and Ms. Catherine A Pattillo

Abstract

La integración de los mercados financieros de todo el mundo durante la última década ha planteado nuevos retos para las autoridades. La velocidad con que el dinero puede convertirse de una moneda a otra y trasladarse de un país a otro se ha acelerado al mejorar la eficiencia de las comunicaciones globales, lo cual reduce considerablemente el tiempo de que disponen las autoridades para responder a las crisis en ciernes. Este folleto pasa revista a los intentos de los economistas por predecir las crisis mediante el desarrollo de sistemas de alerta temprana a fin de transmitir señales cuando se estén gestando problemas en los mercados de divisas y en los sistemas bancarios.

Mr. Steven T Phillips and Mr. Timothy D. Lane

Abstract

Moral hazard is a term often used when analyzing the effects of insurance. It refers to the idea that the very provision of insurance raises the likelihood of the event being insured against taking place. This is because insurance reduces the incentives for the insured party to take preventive actions. Some simple examples would be: