by Katrin Forster, Melina Vasardani and Michele Ca’ Zorzi. Non-technical summary. The global financial crisis that started in 2007 and intensified after the collapse of Lehman Brothers in September 2008 abruptly interrupted the more than two-decade-long process of increasing world financial integration. With the complex web of global interlinkages contributing to the spreading of the [...]
10 Jun. Regulating Systemically Important Financial Firms. Speech by Governor Daniel K. Tarullo at the Peter G. Peterson Institute for International Economics, Washington, D.C., June 3, 2011. As the one-year anniversary of the Dodd-Frank Act approaches, there will be much discussion about the progress that has been made in reforming financial regulation. Today I would [...]
25 May. Managing director of the IMF. Top emerging economies joined forces to slam Europe’s “obsolete” grip on the IMF’s top job, even as France’s finance minister, Christine Lagarde, appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn. Brazil, Russia, India, China and South Africa, known as the BRICs, sharply criticised European [...]
IMF World Economic Outlook 2011
The IMF has published the 2011 edition of its World Economic Outlook The recovery is gaining strength, but unemployment remains high in advanced economies, and new macroeconomic risks are building in emerging market economies. In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause [...]