The Constructive Role of Private Creditors

2003 ◽  
Vol 17 (2) ◽  
pp. 18-25
Author(s):  
Arturo C. Porzecanski
Keyword(s):  
Emerging Markets ◽  
Financial Markets ◽  
International Monetary Fund ◽  
Emerging Market ◽  
Financial Intermediaries ◽  
Government Officials ◽  
Policy Makers ◽  
The Past ◽  
The International Monetary Fund

During the past couple of years, policy-makers in Washington and other capitals of G-7 countries have been flogging the idea that the functioning of the world's financial markets must be improved by making it easier for insolvent governments, especially in emerging markets, to obtain debt relief from their bondholders and bankers.Most savvy investors, financial intermediaries, and emerging-market government officials, however, are at a loss to understand why the G-7 and the International Monetary Fund (IMF) believe the international financial system would function better if there were specific mechanisms to facilitate sovereign bankruptcies.

Impact of FII’s and FDI’s on Indian Stock Market

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Dr. Kamlesh Kumar Shukla
Keyword(s):  
Stock Market ◽  
Financial Markets ◽  
Global Economy ◽  
Short Term ◽  
Earnings Growth ◽  
The Past ◽  
Bull Market ◽  
Indian Stock Market

FIIs are companies registered outside India. In the past four years there has been more than $41 trillion worth of FII funds invested in India. This has been one of the major reasons on the bull market witnessing unprecedented growth with the BSE Sensex rising 221% in absolute terms in this span. The present downfall of the market too is influenced as these FIIs are taking out some of their invested money. Though there is a lot of value in this market and fundamentally there is a lot of upside in it. For long-term value investors, there’s little because for worry but short term traders are adversely getting affected by the role of FIIs are playing at the present. Investors should not panic and should remain invested in sectors where underlying earnings growth has little to do with financial markets or global economy.

scholarly journals Practising what they Preach: Did the IMF and Iceland Exercise Good Governance in their Relations 2008-2011?

2013 ◽  
Vol 8 (1) ◽  
Author(s):  
Hjálti Ómar Ágústsson ◽  
Rachael Lorna Johnstone
Keyword(s):  
International Monetary Fund ◽  
International Institutions ◽  
Good Governance ◽  
The Past ◽  
The International Monetary Fund ◽  
The Imf

Between September 2008 and August 2011, the International Monetary Fund (IMF) and Iceland were engaged in cooperation under a stand-by agreement involving a loan from the IMF to Iceland of over 2bn USD. The IMF is one of a number of major international institutions that has been increasing its emphasis on good governance over the past two decades, in particular, emphasising the need for improved governance in debtor countries. In this paper, the authors review the extent to which principles of good governance were exercised in the interaction between the IMF and Iceland within the context of the stand-by programme.

scholarly journals Symposium: ‘The BRICS, Global Governance, and Challenges for South–South Cooperation in a Post-Western World’

2021 ◽  
pp. 019251212110522
Author(s):  
Niall Duggan ◽  
Bas Hooijmaaijers ◽  
Marek Rewizorski ◽  
Ekaterina Arapova
Keyword(s):  
Developing Countries ◽  
Emerging Markets ◽  
Global Governance ◽  
Western World ◽  
The Past ◽  
Power Shift ◽  
Global Power ◽  
The Moment ◽  
Political Economic

Over the past decades, the BRICS (Brazil, Russia, India, China, South Africa) countries have experienced significant economic growth. However, their political voices in global governance have not grown on par with their economic surge. The contributions to the symposium ‘The BRICS, Global Governance, and Challenges for South–South Cooperation in a Post-Western World’ argue there is a quest for emerging markets and developing countries to play a more significant role in global governance. There is a widening gap between the actual role of emerging markets and developing countries in the global system and their ability to participate in that system. However, for the moment, various domestic and international political-economic challenges limit this quest. To understand why this is the case, one should understand the BRICS phenomenon in the broader context of the global power shift towards the Global South.

scholarly journals Rethinking the Effects of Financial Globalization *

2016 ◽  
Vol 131 (3) ◽  
pp. 1497-1542 ◽  
Author(s):  
Fernando Broner ◽  
Jaume Ventura
Keyword(s):  
Financial Markets ◽  
Capital Flows ◽  
Capital Inflows ◽  
Financial Globalization ◽  
The Past ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Financial Transactions

Abstract During the past three decades, many countries have lifted restrictions on cross-border financial transactions. We present a simple model that can account for the observed effects of financial globalization. The model emphasizes the role of imperfect enforcement of domestic debts and the interactions between domestic and foreign debts. Financial globalization can lead to a variety of outcomes: (i) domestic capital flight and ambiguous effects on net capital flows, investment, and growth; (ii) capital inflows and higher investment and growth; or (iii) volatile capital flows and unstable domestic financial markets. The model shows how the effects of financial globalization depend on the level of development, productivity, domestic savings, and the quality of institutions.

scholarly journals Climate Litigation in Financial Markets: A Typology

2019 ◽  
Vol 9 (1) ◽  
pp. 103-135 ◽  
Author(s):  
Javier Solana
Keyword(s):  
Financial Markets ◽  
Research Area ◽  
Financial Systems ◽  
Public Authorities ◽  
The Past ◽  
The World ◽  
Private And Public ◽  
Sustainable Finance ◽  
New Research

AbstractOver the past few years, the number of climate cases being filed against corporations and public authorities around the world has been on the rise. Aware of the central role of finance in economic development, the financial sector has remained vigilant. Traditionally, climate litigation in financial markets had been rare, but that seems to be changing: in 2018 there were more cases filed than in any previous year. The development of existing and forthcoming private and public sector initiatives with the aim of promoting sustainable finance may usher in even greater numbers in the next few years. This article provides the first systematic overview of climate cases in financial markets and introduces a typology to classify this type of climate case. This classification reveals common issues across different financial systems and raises questions for further enquiry that define a new research area within the emerging literature on climate litigation.

scholarly journals The Role of the International Monetary Fund After the 2008 Crisis

2019 ◽  
Vol 10 (1) ◽  
pp. 60
Author(s):  
Marco Mele ◽  
Floriana Nicolai
Keyword(s):  
Foreign Exchange ◽  
United Arab Emirates ◽  
International Monetary Fund ◽  
Foreign Exchange Market ◽  
Exchange Market ◽  
Governance Reform ◽  
Extensive Introduction ◽  
The 2008 Financial Crisis ◽  
The International Monetary Fund

The purpose of this paper is to analyze the changes in the functions of the International Monetary Fund after the 2008 financial crisis. Following an extensive introduction concerning the subject of the study and which covers part of the economic literature, the focus was on governance reform and surveillance in the foreign exchange market. Finally, the empirical analysis was carried out concerning the manipulation of exchange rates in a period ranging from 2008-2016 and 15 countries (Taiwan, South Korea, Israel, China, Thailand, Macao, Switzerland, Hong Kong, Singapore, Norway, Qatar, United Arab Emirates, Kuwait, Trinidad and Tobago and Saudi Arabia) that in the period considered massively intervened in the foreign exchange market, keeping their respective currencies undervalued and acquiring an unfair competitive advantage to the detriment of partner economies. The results would tend to confirm that the manipulation of the exchange rate is a persistent and lasting element of the currency policies of the new millennium, highlighting an active insufficiency of the IMF’s action in the exercise of the oversight function on the currency policies of the Members.

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