Cover Departmental Papers
Investment Funds and Financial Stability: Policy Considerations
Author: Antonio Garcia Pascual1, Mr. Ranjit Singh, and Jay Surti2
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Series:
Departmental Papers
Volume/Issue:
Volume 2021: Issue 018
Language:
English
Publication Date:
17 Sep 2021
DOI:
https://doi.org/10.5089/9781513593951.087
ISBN:
9781513593951
ISSN:
2616-5333
Pages:
73
Keywords:
March 2020 market turmoil, money market funds, open-end funds, liquidity risk management, regulatory reform, cross-border flows, shock amplification.; market illiquidity; emergency liquidity support; market frictions confronting OEFs; investor incentive; Treasury market; emerging market securities; OEF liquidity risk management; Mutual funds; Liquidity; Financial sector stability; Asset management; Emerging and frontier financial markets; Global
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The paper’s analysis underscores the importance of the ongoing Financial Stability Board-led process of identifying policy options, involving national authorities and the International Organization of Securities Commissions and other standard setters. In this context, the global nature of the investment fund business and fungibility of financial flows makes it vital to ensure consistency of global policy choices that can secure financial stability by precluding regulatory arbitrage.
Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund