Tuesday , October 15 2019
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Tag Archives: imfblog

Global Banks May Grow More Vulnerable to a Dollar Disruption

By Claudio Raddatz and Adolfo Barajas عربي, 中文, Español, Français, 日本語, Português, Русский When a Mexican airline buys Brazilian airplanes, it’s likely to finance the purchase with a US dollar loan obtained from a non-US bank. That’s just one example of the dollar’s outsize role in international financial transactions between non-US counterparts. What happens if non-US banks suddenly find themselves short of dollars? That was the case during the global financial crisis of 2007-2008, when...

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Fiscal Policies to Curb Climate Change

By Vitor Gaspar, Paolo Mauro, Ian Parry, and Catherine Pattillo عربي, 中文, Español, Français, 日本語, Português, Русский Global warming has become a clear and present threat. Actions and commitments to date have fallen short. The longer we wait, the greater the loss of life and damage to the world economy. Finance ministers must play a central role to champion and implement fiscal policies to curb climate change. To do so, they should reshape the tax system and fiscal policies to discourage...

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Connecting the Dots Between Sustainable Finance and Financial Stability

Evan Papageorgiou, Jochen Schmittmann, and Felix Suntheim عربي, 中文, Español, Français, 日本語, Português, Русский Unsafe working conditions. Use of child or forced labor. Environmental impact on protected areas. More and more investors are looking at issues and factors beyond traditional financial analysis when directing their money. Sustainable finance aims to help society better meet today’s needs and ensure that future generations will be able to meet theirs too. The latest IMF Global...

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How To Reignite Growth in Emerging Market and Developing Economies

By Romain Duval and Davide Furceri عربي, 中文, Español, Français, 日本語, Português, Русский Emerging markets and developing economies have enjoyed good growth over the past two decades. But many countries are still not catching up with the living standards of advanced economies. At current growth rates, it would take more than 50 years for a typical emerging market economy to close half of its current income gap in living standards, and 90 years for a typical developing economy. Our research...

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To Tackle Housing Affordability in Canada, Build More Houses

By Michal Andrle, Cheng Hoon Lim and Troy Matheson Français Policymakers across the world worry about affordable housing. They should. It represents the cost of a basic human need—shelter. Canada is no exception as it grapples to provide affordable housing in some cities, like Vancouver and Toronto, where rents are high, and for many, the dream of owning a home has faded. People who can afford a down payment typically borrow as much as they can to get a foothold in the market—stretching...

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chart of the weekMobile Money Spreads to Asia

By Esha Chhabra and Bidisha Das Thanks to mobile money, any person with a basic phone can now make cash transfers, pay bills, and send money to family members abroad without having a bank account. This is a game-changing innovation, particularly for the world’s poor as it is easy and cheap. Our chart of the week from the IMF’s Financial Access Survey shows the growth in mobile money accounts across regions. While mobile money continues to grow in its epicenter in Africa, it’s also taking...

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Chart of the WeekWhen the Night Lights Go On in Asia

By Jiaxiong Yao It is often said that a picture is worth a thousand words. The value of a picture taken from space is a new metric we can use to measure economic growth and activity. The past decade has seen a dramatic increase in economists’ use of satellite images of the earth at night.  These “night lights”, as they are called, help study a wide variety of topics, ranging from growth and development to poverty and inequality, particularly in places where economic data are scarce and...

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The Economics of Data

By Yan Carrière-Swallow and Vikram Haksar Español, Português Look around the global economy and you’ll see an American company developing the next generation of driverless cars, a Chinese financier extending loans to “mom-and-pop” stores that used to lack access to credit, and researchers at a Swiss pharmaceutical company developing a treatment for a chronic health condition. What do all these valuable economic activities have in common, despite taking place on different continents and in...

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Digital Currencies: The Rise of Stablecoins

By Tobias Adrian and Tommaso Mancini-Griffoli Español, Português A battle is raging for your wallet. New entrants want to occupy the space once used by paper bills or your debit card. The adoption of new, digital payment methods could bring significant benefits to customers and society: improved efficiency, greater competition, broader financial inclusion, and more innovation. But it could invite risks to financial stability and integrity, monetary policy effectiveness, and competition...

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Chart of the WeekVoting on Gender Parity

By Rasmane Ouedraogo Español, Português Electoral violence occurs in many African countries. Tragically, thousands are killed and displaced during election cycles on the continent. Over the next year and a half, Presidential elections are scheduled in thirteen sub-Saharan African countries, raising fears that, as in the past, violent incidents or conflict may erupt again. But what can African nations do to lessen electoral violence? Can women then, be the leading force for democratic and...

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