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The COVID-19 pandemic has caused dramatic loss of human life and major damage to the European economy, but thanks to an exceptionally strong policy response, potentially devastating outcomes have been avoided.
Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but our understanding of many facets of this tool remain limited. This volume reviews detailed accounts from several central banks in Latin America and provides insight into how, and with what aim, many interventions were implemented.
Provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. This report focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers.
After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies.
Examines how the West African Economic and Monetary Union (WAEMU) can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.
Finds that short-term risks to financial stability have increased somewhat since the previous Global Financial Stability Report. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies.
Provides detailed guidance on the implementation of the new Fiscal Transparency Code, which was approved by the IMF Board in 2014. It explains why each principle of the Code is important and describes current trends in implementation of the principles.
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