1.

Record Nr.

UNINA9910788223203321

Autore

Gola Carlo

Titolo

Financial Sector Surveillance and the IMF / / Carlo Gola, Francesco Spadafora

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

1-4623-4163-2

1-4527-6014-4

1-4518-7394-8

9786612844454

1-282-84445-8

Descrizione fisica

74 p

Collana

IMF Working Papers

Altri autori (Persone)

SpadaforaFrancesco

Soggetti

Economic policy - Evaluation

Banks and Banking

Finance: General

Financial Risk Management

Industries: Financial Services

Financial Institutions and Services: General

General Financial Markets: Government Policy and Regulation

Financial Crises

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Finance

Economic & financial crises & disasters

Banking

Financial sector

Financial Sector Assessment Program

Financial sector stability

Financial crises

Commercial banks

Financial services industry

Banks and banking

Mexico



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"November 2009."

Sommario/riassunto

The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first "official" phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues "up to par" with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS.