Title:
Macrofinancial linkages : trends, crises, and policies
Author:
Crowe, Christopher (Christopher W.)
ISBN:
9781589069398
Publication Information:
[Washington, D.C.] : International Monetary Fund, c2010.
Physical Description:
xviii, 585 p. : ill. ; 23 cm.
Contents:
Financial boom-bust cycles. Lending booms and lending standards / Giovanni Dell'Ariccia, Robert Marquez -- Are weak banks leading credit booms? : evidence from emerging Europe / Deniz Igan, Natalia Tamirisa -- Growth dynamics : the myth of economic recovery / Valerie Cerra, Sweta Chaman Saxena -- From subprime loans to subprime growth? : evidence for the euro area / Martin Čihák, Petya Koeva Brooks -- The real effect of banking crises / Giovanni Dell'Ariccia, Enrica Detragiache, Raghuram Rajan -- Systemic crises and growth / Romain Rancière, Aaron Tornell, Frank Westermann -- Financial integration, financial liberalization, and economic performance. Measuring financial integration : a new data set / Martin Schindler -- The external wealth of nations Mark II : revised and extended estimates of foreign assets and liabilities, 1970-2004 / Philip R. Lane, Gian Maria Milesi-Ferretti -- Reaping the benefits of financial globalization / Giovanni Dell'Ariccia ... [et al.] -- Financial globalization : a reappraisal / M. Ayhan Kose ... [et al.] -- International financial integration and economic growth / Hali Edison ... [et al.] -- The quality effect : does financial liberalization improve the allocation of capital? / Abdul Abiad, Nienke Oomes, Kenichi Ueda -- Policy issues. Monetary policy and asset prices : does "benign neglect" make sense? / Michael D. Bordo, Olivier Jeanne -- Corporate governance quality : trends and real effects / Gianni de Nicoló, Luc Laeven, Kenichi Ueda -- Country insurance : the role of domestic policies / Törbjörn Becker ... [et al.] -- International reserves in emerging market countries : too much of a good thing? / Olivier Jeanne -- Policy responses to systemic banking crises / Luc Laeven, Fabian Valencia.
Abstract:
Macrofinancial linkages have long been at the core of the IMF's mandate to oversee the stability of the global financial system. With the advent of the economic crisis, the Fund has drawn on its research in order to contribute to critical debates on the nature of appropriate policy responses at both the national and multilateral levels. This volume brings together writings by IMF economists on macrofinancial issues, and highlights the issues and approaches that have guided IMF thinking in an area that makes up an increasingly important component of the IMF's overall remit.--Publisher's description.
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