WHY ARE THE G-20 DATA GAPS INITIATIVE AND THE SDDS PLUS RELEVANT FOR FINANCIAL STABILITY ANALYSIS?

2013 ◽  
Vol 04 (03) ◽  
pp. 1350018 ◽  
Author(s):  
ROBERT HEATH

In the wake of the recent global crisis, the international community is giving an increased focus on stability of the financial system. With the increasing need for data sets to undertake this analysis, the question naturally arises as to what types of data are needed? While various data initiatives are underway, two initiatives at the forefront are: (1) the International Monetary Fund/Financial Stability Board Group of Twenty (IMF/FSB G-20) Data Gaps Initiative (DGI) which is endorsed by the G-20 Finance Ministers and Central Bank Governors as well as the IMF's International Monetary and Financial Committee and (2) the new Special Data Dissemination Standard (SDDS) Plus, aimed particularly at economies with systemically important financial sectors. This paper explains the relevance of the DGI for financial stability analysis and the close link with the SDDS Plus.

2017 ◽  
Vol 15 (2) ◽  
pp. 557-558
Author(s):  
Glyn Morgan

The ongoing Eurozone crisis has brought to the fore the discourse of “austerity.” A number of countries, most dramatically Greece, have been called upon to institute policies of fiscal austerity as a condition of further support from the international financial community. The situation has generated some serious disagreements among economists, policymakers, and indeed important financial institutions such as the International Monetary Fund and the European Central Bank. Mark Blyth’s Austerity: The History of a Dangerous Idea speaks directly to these ongoing current debates. We have invited a range of political scientists working on related issues to comment on the book’s arguments and their relevance to the work that they do.


2014 ◽  
Vol 52 (1) ◽  
pp. 234-236

Richard N. Cooper of Harvard University reviews, “The Bretton Woods Transcripts” by Kurt Schuler and Andrew Rosenberg. The Econlit abstract of this book begins: “Presents the verbatim record of meetings of the Bretton Woods Conference, which established the International Monetary Fund and the World Bank. Transcripts focus on Commission I—the International Monetary Fund; the committees of Commission I; and Commissions II and III—the World Bank and other means of cooperation. Schuler is an economist in the Office of International Affairs at the U.S. Department of the Treasury and Senior Fellow in Financial History at the Center for Financial Stability. Rosenberg is a research associate at the Center for Financial Stability.”


1998 ◽  
Vol 37 (2) ◽  
pp. 405-432 ◽  

Weaknesses in the banking system of a country, whether developing or developed, can threaten financial stability both within that country and internationally. The need to improve the strength of financial systems hasattracted growing international concern. The Communique issued at the close of the Lyon G-7 Summit in June 1996 called for action in this domain. Several official bodies, including the Basle Committee on Banking Supervision, the Bank for International Settlements, the International Monetary Fund and the World Bank, have recently been examining ways to strengthen financial stability throughout the world.


2017 ◽  
Vol 15 (2) ◽  
pp. 559-560
Author(s):  
Thomas Oatley

The ongoing Eurozone crisis has brought to the fore the discourse of “austerity.” A number of countries, most dramatically Greece, have been called upon to institute policies of fiscal austerity as a condition of further support from the international financial community. The situation has generated some serious disagreements among economists, policymakers, and indeed important financial institutions such as the International Monetary Fund and the European Central Bank. Mark Blyth’s Austerity: The History of a Dangerous Idea speaks directly to these ongoing current debates. We have invited a range of political scientists working on related issues to comment on the book’s arguments and their relevance to the work that they do.


Equilibrium ◽  
2021 ◽  
Vol 16 (2) ◽  
pp. 377-411
Author(s):  
Inna Shkolnyk ◽  
Serhiy Kozmenko ◽  
Olga Kozmenko ◽  
Volodymyr Orlov ◽  
Fathi Shukairi

Research background: Financial stability is one of the key tasks in the functioning of the country?s financial system. National financial systems have significant differences in the level of their development, structure and approaches to regulation. There are no uniform world standards for methods and indicators of assessing financial stability. International financial institutions, including the International Monetary Fund, only outline certain areas and offer an indicative list of indicators that should be taken into account. Purpose of the article: Taking into account the peculiarities of the subject and object structure of Ukraine?s financial system, this study formed groups of indicators that reflect the state of financial depth, level of access and efficiency of the financial system, systematized by subject (financial institutions) and object financial markets) characteristics. Methods: The basis for the formation of a set of indicators is a matrix of characteristics of the financial system?s stability, which is formed according to the principle of 4x2 proposed by experts of the International Monetary Fund. The list of indicators to calculate the integrated indicator that characterizes the stability of the financial system of Ukraine, covers the period 2007?2019 and includes 29 indicators that take into account the peculiarities of its formation and development. Harrington?s desirability function is used to determine the integrated indicator that characterizes the state of financial stability. Findings & value added: The intermediate calculations obtained by modeling groups of indicators showed that the level of access to the financial system and the state of its depth are balanced during the study period (the range of variation of integrated indicators for these groups is minimal ? from 0.1 to 0.18), is at a satisfactory level and the basis for ensuring the financial system?s stability. Conversely, the efficiency of the financial system is low, and characterized by a high degree of volatility (range of variation ? 0.51). The obtained integrated indicator, which is in the range from 0.41 to 0.54 on the Harrington desirability scale, makes it possible to assess the state of the financial system?s stability in Ukraine as satisfactory, but with a high level of sensitivity to both external and internal shocks.


2016 ◽  
Vol 27 (1) ◽  
pp. 171-185
Author(s):  
Marcello Barison

Starting from Michel Foucault?s considerations dedicated to economic knowledge (especially in Il faut d?fendre la soci?t? and Naissance de la biopolitique), this paper is about setting up a possible theoretical framework in which to situate the relationship between political power and neoliberalism as they appear in their modern articulation, analyzing in depth how international governmental organizations - such as, for example, the European Central Bank, the European Union and the International Monetary Fund - are involved in this process.


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