Global Economy

Publication cover

 

Title:
Financial Crises: Causes, Consequences, and Policy Responses
Series:
Books
Author(s):
Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
February 2014
DOI:
http://dx.doi.org/10.5089/9781475543407.071
ISBN:
9781475543407
Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of research into financial crises and policy lessons learned. The book covers a wide range of crises, including banking, balance of payments, and sovereign debt crises. It begins with an overview of the various types of crises and introduces a comprehensive database of crises. Broad lessons on crisis prevention and management, as well as the short-term economic effects of crises, recessions, and recoveries are discussed. The medium-term effects of financial crises on economic growth, as well as policy measures to prevent booms, mitigate busts, and avoid crises are analyzed. Finally, policy measures for mitigating the adverse impact of crises and ways to restructure banks, households, and sovereigns are presented. The collection of research in this book provides an excellent overview of critical policy areas, with valuable lessons on how countries can better monitor their economies and financial systems.

 

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Publication cover

 

Title:
Global Rebalancing: A Roadmap for Economic Recoverys
Series:
Books
Author(s):
Hamid Faruquee, and Krishna Srinivasan
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
August 2013
DOI:
http://dx.doi.org/10.5089/9781475573664.071
ISBN:
9781475573664
This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and the United States, evaluating key indicators agreed on by the G20 for identifying large imbalances, including public and private debt and private saving, and countries external position. The chapters describe a suite of corrective steps tailored for each country that, if implemented, could improve prospective economic outcomes, creating sustainable and balanced growth for these economies and serving as a model for other G20 countries.

 

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Publication cover

 

Title: From Great Depression to Great Recession: The Elusive Quest for International Policy Cooperation
Series:
Books
Editor(s):
Atish Ghosh, and Mahvash Qureshi
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
March 2017
DOI:
http://dx.doi.org/10.5089/9781513514277.071
ISBN:
9781513514277
The global financial crisis and the ensuing Great Recession raised concerns about adjustment fatigue, deflation, currency wars, and secular stagnation that presented a sense of déjà vu: similar concerns had arisen at the time of the Great Depression and at the end of World War II. As with earlier crises, these concerns prompted calls for greater international policy cooperation-both to achieve a sustainable recovery from the crisis and to prevent future crises. This volume compiles papers from a 2015 symposium of eminent scholars convened by the IMF to discuss how history can inform current debates about the functioning and challenges of the international monetary system.

 

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