Close Ties Led to Crisis in World's Five Major Economies

IMF Survey: Close Ties Led to Crisis in World's Five Major Economies Summary: The world’s five major economies—the United States, the euro area, China, Japan, and the United Kingdom (which has...

Posted on: September 23, 2009

Cross-Cutting Themes in Major Article IV Consultations

IMF Policy Paper: Cross-Cutting Themes in Major Article IV Consultations Author/Editor: Reza Moghadam Summary: This paper is part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance,...

Posted on: September 23, 2009

Islamic Finance Provides Way Out of Economic Crisis

Sunday’s Zaman: Islamic Finance Provides Way Out of Economic Crisis Summary: This article traces the reasons behind the global financial crisis and suggests Islamic finance as a cure to the crisis...

Posted on: July 18, 2009

Recession Loosens Grip But Weak Recovery Ahead

IMF Outlook Update: Recession Loosens Grip But Weak Recovery Ahead Summary: The global economy is beginning to pull out of a recession unprecedented in the post–World War II era, but stabilization...

Posted on: July 18, 2009

Financial Crisis Sparks Interest in Islamic Banking

Muslim Media Network: Financial Crisis Sparks Interest in Islamic Banking Author/Editor: Dr. A. S. Nakadar Summary: Author makes a comparison between Islamic Financial System and Classic Financial system and try to find...

Posted on: July 18, 2009

Fiscal Implications of the Global Economic and Financial Crisis

IMF Staff Position Note: Fiscal Implications of the Global Economic and Financial Crisis Summary: The global financial crisis is having major implications for the public finances of most countries. Fiscal revenues...

Posted on: July 18, 2009

Globalization and Emerging Markets: With or Without Crash?

Authors/Editors: Philippe Martin Summary: This paper develops a theory of financial crisis based on the demand side of the economy. The impact of financial and trade globalizations on asset prices, investment...

Posted on: July 18, 2009

Financial Stress, Downturns, and Recoveries
Working Paper No. 09/100: Financial...

Author/Editor: Cardarelli, Roberto; Elekdag, Selim; Lall, Subir Summary: This paper examines why some financial stress episodes lead to economic downturns. The paper identifies episodes of financial turmoil using a financial stress...

Posted on: May 28, 2009

Fresh Approach Needed in Banking System
IMF Survey: Fresh Approach Needed...

Summary: Fresh, innovative thinking is needed to solve the deeply rooted problems in the banking sector. The IMF should spearhead a new compact between the world of finance and the...

Posted on: May 28, 2009

How to Ensure Financial Stability After the Crisis
IMF Survey: How...

Summary: An IMF-sponsored systemic risk symposium explores issues such as which financial institutions should be regulated, what policies are needed to mitigate systemic risk, whether there should be a single...

Posted on: May 28, 2009