José Viñals – IMF Blog

The Top Ten Blogs of 2016

IMFBlog2019-03-26T13:49:20-04:00December 29, 2016|

What a year it has been. 12 months with big implications for the global economy.

In 2016 our readers’ curiosity focused on a wide range of hot topics in the world of economic and financial policy: the economic impact of migration, China’s economic transition, the prospects for negative interest rates, the way forward for Greece, the future of commodity prices, and the outlook for Latin America, to name a few. We compiled this top ten list for the past year based on readership. […]

Global Financial Stability: Vulnerabilities, Legacies, and Policy Challenges

IMFBlog2019-03-27T14:52:51-04:00October 7, 2015|

By José Viñals

(Versions in 中文, Français, Русский, and Español)

Today global financial stability is not yet assured and downside risks prevail. Our recommendation is for an urgent upgrade in policies, to avoid downside risks and to achieve our upside scenario of “successful normalization” of monetary and financial conditions. This will secure financial stability and strengthen the economic recovery.

[…]

The New Global Imbalance: Too Much Financial Risk-Taking, Not Enough Economic-Risk Taking

IMFBlog2017-04-14T01:54:14-04:00October 8, 2014|

By José Viñals

(Versions in Español, 中文)

I have three key messages for you today:

1. Policymakers are facing a new global imbalance: not enough economic risk-taking in support of growth, but increasing excesses in financial risk-taking posing stability challenges.

2. Banks are safer but may not be strong enough to vigorously support the recovery. And risks are shifting to the shadow banking system in the form of rising market and liquidity risks. If left unaddressed, these […]

Finish the Job on Financial Regulation

IMFBlog2017-04-14T02:10:38-04:00January 23, 2014|

By José Viñals

Brisbane and Basel may be 10,000 miles apart, but when it comes to financial regulation the two cities will be standing cheek by jowl.

At the next summit of the Group of Twenty advanced and emerging economies, to be held in Brisbane in November, political leaders will take the pulse of the global financial regulatory reform agenda, launched five years ago. The explicit goal of the Australian G-20 presidency is to […]

Transitions to Financial Stability: A Bumpy Ride

IMFBlog2017-04-14T02:15:56-04:00October 9, 2013|

By José Viñals

(Versions in 中文, Français, 日本語, Русский, and Español)

The global financial system faces several major transitions along the road to greater financial stability. These transitions will be challenging because they are accompanied by substantial risks.

So what are these transitions?

The first one is the transition in the United States from a prolonged period of monetary accommodation towards a normalization of monetary […]

“Macro…, what?!” The New Buzz on Financial Stability

IMFBlog2017-04-15T14:10:48-04:00March 23, 2012|

When carefully implemented, macroprudential policy can become a cornerstone of financial stability policy. The dictionary of financial lingo has been given an important new entry.

IMF Revises Up Its Global Economic Forecast

IMFBlog2017-04-15T14:42:08-04:00January 26, 2010|

The IMF said it had revised upwards its earlier forecast for global growth by ¾ percentage point from the October 2009 forecast. Along with the update to its forecast, the IMF also released a new assessment of global financial conditions in its Global Financial Stability Report (GFSR). It said that financial markets have rebounded since the lows of last March, the result of improving economic conditions and wide-ranging policy actions by governments.

Too Important to Fail?

IMFBlog2017-04-15T14:42:51-04:00December 8, 2009|

Over the past two years, disruptive failures, shotgun marriages, and government bailouts of some household names in the financial industry have placed the age-old issue of “too big to fail” at the center of financial sector policy discussions.