LEADER 06600oam 22010694 450 001 9910811771603321 005 20240402044813.0 010 $a1-4623-4163-2 010 $a1-4527-6014-4 010 $a1-4518-7394-8 010 $a9786612844454 010 $a1-282-84445-8 035 $a(CKB)3170000000055386 035 $a(SSID)ssj0000940811 035 $a(PQKBManifestationID)11586354 035 $a(PQKBTitleCode)TC0000940811 035 $a(PQKBWorkID)10955482 035 $a(PQKB)11018326 035 $a(OCoLC)680613595 035 $a(IMF)WPIEE2009247 035 $a(MiAaPQ)EBC1605970 035 $a(EXLCZ)993170000000055386 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial Sector Surveillance and the IMF /$fCarlo Gola, Francesco Spadafora 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a74 p 225 1 $aIMF Working Papers 300 $a"November 2009." 311 $a1-4519-1809-7 327 $aIntro -- Contents -- I. Introduction -- II. Adding Financial Sector Issues to the Core Areas of Fund Surveillance -- A. Financial Sector Surveillance Before the 1994-95 Mexican Crisis -- B. Lessons from the Mexican Crisis: the February 1995 Biennial Review of Surveillance -- C. The March 1997 Biennial Review of Surveillance -- D. Toward a Framework for Financial Stability -- E. Lessons from the Asian Crisis: the March 1998 Review -- III. Financial Sector Surveillance in the Aftermath of the Asian Crisis -- A. Strengthening International Cooperation -- B. The Standards and Codes Initiative -- C. The June 1998 Guidance Note for the Monitoring of Financial Systems Under Article IV Surveillance -- D. The Financial Sector Assessment Program -- E. The Development of Financial Soundness Indicators -- IV. Fund Surveillance Under an Expanded Scope -- A. External Evaluation of Fund Surveillance: the Crow Report -- B. The Macroeconomic Relevance Test -- C. Bringing Coverage of Financial Sector Issues "Up to Par" with Coverage of Other Core Areas of Surveillance -- V. Financial Sector Surveillance in the Aftermath of the Global Crisis -- A. Integrating Financial Sector Issues into Macroeconomic Surveillance: the 2007 Financial Sector Task Force -- B. The 2008 Triennial Surveillance Review -- C. The FSAP After Ten Years -- D. Integrating FSAP Assessments into Article IV Surveillance -- IV. Concluding Remarks -- References -- Boxes -- 1. Reforming the International Financial Architecture: Input from the International Community -- 2. Strengthening Surveillance Through Better Data Provision and Transparency: The Data Standard Initiative -- 3. The Reasons to Build a Framework for Financial Stability -- 4. Strengthening the Collaboration Between the IMF and the World Bank on Financial Sector Issues -- 5. Standards Assessments and the FSAP. 330 3 $aThe global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first "official" phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues "up to par" with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/247 606 $aEconomic policy$xEvaluation 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aFinancial Risk Management$2imf 606 $aIndustries: Financial Services$2imf 606 $aFinancial Institutions and Services: General$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinancial Crises$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aFinance$2imf 606 $aEconomic & financial crises & disasters$2imf 606 $aBanking$2imf 606 $aFinancial sector$2imf 606 $aFinancial Sector Assessment Program$2imf 606 $aFinancial sector stability$2imf 606 $aFinancial crises$2imf 606 $aCommercial banks$2imf 606 $aFinancial services industry$2imf 606 $aBanks and banking$2imf 607 $aMexico$2imf 615 0$aEconomic policy$xEvaluation. 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aFinancial Risk Management 615 7$aIndustries: Financial Services 615 7$aFinancial Institutions and Services: General 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinancial Crises 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aFinance 615 7$aEconomic & financial crises & disasters 615 7$aBanking 615 7$aFinancial sector 615 7$aFinancial Sector Assessment Program 615 7$aFinancial sector stability 615 7$aFinancial crises 615 7$aCommercial banks 615 7$aFinancial services industry 615 7$aBanks and banking 676 $a332.1;332.152 700 $aGola$b Carlo$0314777 701 $aSpadafora$b Francesco$078641 712 02$aInternational Monetary Fund.$bOffice of the Executive Director for Albania, Greece, Italy, Malta, Portugal, San Marino, and Timor-Leste. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910811771603321 996 $aFinancial Sector Surveillance and the IMF$93963881 997 $aUNINA