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IMF
Yellen: When to implement capital controls
10 May. Federal Reserve vice-chair takes Fund line on framework to tackle capital inflows; follows criticism of framework from Indian, Brazilian officials. Janet Yellen, the vice-chair of the Federal Reserve, on Friday backed the International Monetary Fund (IMF) line on when to implement capital controls. The IMF last month released a document, Recent Experiences in [...]
Snippet: World must focus on financial sector reform, IMF
23 Apr. The international economy is recovering faster than expected from the global crisis, but the world remains a dangerous place and governments should now focus on stepping up reform of financial sector regulation to avoid future crises, said IMF Managing Director Dominique Strauss-Kahn. Speaking ahead of meetings in Washington of the International Monetary Fund, [...]
Snippet: IMF proposes bank taxes
21 Apr. Banks should face two new taxes to compensate taxpayers for the billions of pounds lost in the financial crisis, the International Monetary Fund has recommended. In a report sent to G20 nations, but yet to published, the IMF urged countries to impose a “financial stability contribution”, a levy for all institutions, and a [...]
Capital controls confusion at the IMF
For countries facing a big inflow of capital — with the attendant risks of asset bubbles — the use of capital controls “is justified as part of the policy toolkit to manage inflows,” a recent IMF paper wrote. Even if investors figure out ways around the controls, the restrictions still can be useful, the IMF [...]
Snippet: Europe plans its own IMF
09 Mar. The European Commission will seek fundamental reform of the management of economic policy in the eurozone, including the co-ordination of fiscal policy, as it draws up details of a future European Monetary Fund. The proposed EMF will go beyond the creation of a pot of money that would bail out errant members of [...]
Snippet: IMF wants more power to promote financial stability
27 Feb. The IMF wants more power to police the global financial system and a bigger role in emergency financing, managing director Dominique Strauss-Kahn said Friday. The IMF is seeking to sharpen its tools to detect potentially dangerous system risks and provide a rapid response to cash flow problems, Strauss-Kahn said in a speech to [...]
Snippet: China’s Zhu Min as IMF Special Advisor
25 Feb. Mr. Dominique Strauss-Kahn, Managing Director of the IMF, named Mr. Zhu Min, pictured, currently Deputy Governor of the People’s Bank of China, as a special advisor to the Managing Director. “Zhu Min brings a wealth of experience in government and the financial sector, and I look forward to his counsel,” Mr. Strauss-Kahn said. [...]
IMF Global Financial Stability Report
Global financial stability has improved following unprecedented policy actions and signs of economic recovery, but overall risks remain elevated and the risk of reversal remains significant, according to the International Monetary Fund (IMF). The IMF lowered its estimate of losses from the global financial and economic crisis to 3.4 trillion U.S. dollars, around 600 billion [...]
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