SECTION III. The Future Financial System
Author:
Ms. Laura E. Kodres
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Language:
English
Keywords:
SEM; financial system risk; monetary policy; market; bank assets; dollar; FX liquidity insurance scheme; monetary policy action; market participant; Inflation; Currencies; Current account deficits; International monetary system; Global; Asia and Pacific; Europe; Eastern Europe; Central and Eastern Europe
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Abstract

The crisis has elicited a profound re-evaluation of the way in which the global financial system works. How both policymakers and market participants respond to the crisis will shape the future financial system for at least a generation. This paper explores some of the probable outcomes and argues that for the global financial system to serve its purpose of supporting economic growth, a more robust and stable system must be designed and put into place.

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Cover Reconstructing the World Economy
Reconstructing the World Economy
Author:
Il SaKong
and
Mr. Olivier J Blanchard
ISBN:
9781589069770
Publication Date:
19 Jul 2010
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589069770.072
Pages:
152
Figure 7.1

Stylized financial system.
Figure 7.2

Short intermediation chain.
Figure 7.3

Long intermediation chain.