Archived Series > Economic Issues

You are looking at 1 - 9 of 9 items for :

  • Type: Journal Issue x
  • Balance of payments x
Clear All Modify Search
Mr. Gian M Milesi-Ferretti, Ms. Enrica Detragiache, Mr. A. J. Tweedie, Mr. Michael Mussa, Mr. Barry J. Eichengreen, and Mr. Giovanni Dell'Ariccia

Abstract

This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests aboutthe benefits of capital mobility and then examining the counterargumentsarising from problems of incomplete information and other distortions.It shows that the risks of removing controls on flows of capital acrossnational borders are similar to those associated with removing controlson domestic financial institutions. The paper then explores how to manageliberalization to minimize the risks and maximize the benefits.

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

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. Andrew Berg and Ms. Catherine A Pattillo

Abstract

L'intégration des marchés financiers mondiaux au cours de la décennie passée confronte les responsables publics à des difficultés nouvelles. La vitesse à laquelle l'argent peut se déplacer d'un pays à l'autre et d'une monnaie à l'autre a progressé avec l'efficacité des communications mondiales, raccourcissant considérablement les délais dont disposent les responsables publics pour réagir à l'apparition d'une crise. Cette brochure examine les tentatives des économistes pour prédire les crises en élaborant des systèmes d'alerte précoce pour détecter des difficultés en gestation sur les marchés monétaires et dans les systèmes bancaires.

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. Gian M Milesi-Ferretti, Ms. Enrica Detragiache, Mr. A. J. Tweedie, Mr. Michael Mussa, Mr. Barry J. Eichengreen, and Mr. Giovanni Dell'Ariccia

Abstract

Ce document porte sur les avantages et les risques potentiels de l'ouverture des marchés de capitaux en se penchant d'abord sur les avantages de la mobilité des capitaux selon la théorie économique classique, avant d'examiner les contre-arguments liés aux problèmes de manque d'informations et d'autres distorsions. Il montre que les risques liés à la suppression des contrôles sur les flux de capitaux au-delà des frontières nationales sont semblables à ceux liés à la suppression des contrôles sur les institutions financières nationales. Le document s'intéresse ensuite aux moyens de gérer la libéralisation afin de minimiser les risques et de maximiser les avantages.

International Monetary Fund

Abstract

This chapter provides various IMF staff’s concluding remarks of completion of Article IV Consultation with different countries. The IMF holds bilateral consultations under Article IV of its Articles of Agreement with all its member countries, in most cases every year. As part of these consultations, an IMF staff team visits a country to discuss with officials economic developments and the monetary, fiscal, and structural policies that the authorities are following. On its return to IMF headquarters, the team prepares a report analyzing the economic situation and evaluating the stance of policies. That report is then discussed by the Executive Board. At the end of the discussion, the Chairman of the Board summarizes the views expressed by Executive Directors during the meeting. This summing up is transmitted to the country's authorities. In April 1997, Directors agreed to issue, at the request of a member country, the Board's summing up, supplemented by a short account of significant macroeconomic and structural developments at the time of the consultation. In May 1998, the Board decided to have Press Information Notices compiled and published every four months. At the same time, the selection of Article IV consultation summaries was eliminated from the 1998 Annual Report.