Top 5 Blogs on Finance

By IMFBlog

September 11, 2018

A guard stands outside former US investment bank Lehman brothers (photo: Frances M. Roberts/Newscom)

The tenth anniversary of the collapse of US investment bank Lehman Brothers and the global crisis that followed is a sober reminder of what has changed, and what has not, in the world of economics and finance. 

To mark this turning point in the story of the global financial system, we have selected a few blogs that highlight some of our most recent analysis that explains where we are, and where we are going.  

Chart of the Week: When High Yield Goes Boom

Estimating Cyber Risk for the Financial Sector

An Imbalance in Global Banks’ Dollar Funding

Volatility Strikes Back

How To Deal With Failed Banks

 

Related links:
Ten Years After Lehman—Lessons Learned and Challenges Ahead
2019-03-13T14:30:52-05:00September 11, 2018|

One Comment

  1. George Sabat, ACMA December 9, 2019 at 11:05 am

    I would sincerely appreciate it, if the International Monetary Fund, would kindly read the attached publication, considering that Lebanon
    , listed as the third most indebted country in the world, in relation to its GDP, badly needs to restructure its Public Debt in order to be able to ultimately settle it. I personally do not see any other approach susceptible of solving this complicated issue. I sincerely trust that the IMF will take the trouble to examine it and issue its own recommendation to settle such a complicated case.
    12/9/2019
    This is what was published in the Al Diyar newspaper of the 12/12/2019 under the title:
    “France calls the international community to meet the 11th of December in Paris for the rescue of Lebanon to avoid a tragedy.” Some important political sources have indicated that France and other members of the European are anxious to help Lebanon out of the crisis in which our country is currently exposed.”
    This information is reassuring us somewhat, considering that the current internal situation in our country is rapidly becoming unbearable in all aspects: financially, economically, socially, and even security wise, considering that everyone is afraid of a social tragedy occurring at any moment.
    Nevertheless, allow me to state that I am unable to understand why France has to call the international community to the rescue of Lebanon, when our country’s own leaders are unwilling to act firmly to save their country from bankruptcy.
    We all know that, should the Authorities adopt the right financial policy and decide to restructure the Public Debt from the current 7% interest rate down to 1.5%, with retro-active effect to 1/1/2015, half of our problems will be settled, as if by magic, and it will be possible for the new government that will be elected to adopt a clear and detailed reform program, once the major obstacle is removed.
    I am sorry to have to say it, but there is no doubt in my mind that, without restructuration, if all the countries of the world decided to help Lebanon, their intervention would not serve.
    In French, there is a proverb that says: “Medecin, gueris-toi toi-meme” That is “doctor, heal thyself”.
    For Lebanon, the recipe for healing is simple, and today most everyone, in our country, knows what it is. It is called: “DEBT RESTRUCTURATION”. No other reforms can serve, unless they are preceded by a restructuration of the Debt. Unless the interest rate of seven per cent is reduced to 1.5% retro-actively,
    any pumping of money that might occur will not serve to stem the inexorable pressure of the seven per cent interest rate. I say this, not to discourage foreign help, but to enlighten my fellow citizens. We beg the European leaders, and President Macron, in particular, to concentrate upon convincing our top brass accordingly. Unless we decide to heal ourselves first, the other remedies will not work.

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