Communications Can Help to Get Financial Stability Off the Ground

2019-03-15T10:25:33-04:00February 22, 2018|

By Olga Stankova

February 22, 2018 

Versions in 中文 (Chinese), Español (Spanish), Português (Portuguese), Русский (Russian)

Policy and communications—two wings to fly to success (photo: iStock by Getty Images).

When the capacity to communicate effectively on financial stability policies is not there, it is like trying to fly a plane with one wing missing. It takes more than sound policy making. Communications is an essential part of the job.

Following the global financial […]

Scenes From A Central Bank: A Turkish Tale in Two Acts

2017-04-15T13:55:10-04:00April 2, 2013|

By Robert Tchaidze and Heiko Hesse 

In mid 2010 the Turkish central bank decided to introduce a policy that increased uncertainty in interest rates hoping that would stop foreign investors who were pouring money into the country in search of a quick buck. That’s right. ‘Keep calm and carry on’ was replaced by ‘Keep them guessing.’

The Turkish economy was overheating.  Money poured into the country from foreign investors attracted by a strong economy and high yields. A lending boom resulted in excessive growth along with an appreciating exchange rate and widening current account deficit. While evidence of […]

Time For A Spring Cleaning: The Global Economy Will Thank You

2017-04-15T13:56:38-04:00February 25, 2013|

It is still winter in the northern hemisphere, but there is never a bad time for spring cleaning. I suggest that policymakers de-clutter their to-do lists by focusing on three priorities. These policies will help economies grow and will significantly improve financial and monetary stability in 2013 and beyond.

Time Not On Our Side: Tough Decisions Needed to Strengthen Financial Stability

2017-04-15T14:01:30-04:00October 10, 2012|

As recognized in our Global Financial Stability Report, actions taken by the European Central Bank have helped remove investors’ worst fears. Now policymakers at both the national and euro area level will need to build on these. The stakes are high. For instance, if pressures continue, total assets of major banks in Europe could shrink by as much as $2.8 trillion, possibly leading to a contraction in credit supply in the "periphery" by 9 percent by the end of 2013.

Top 20 — iMFdirect’s Top 20 list

2017-04-15T14:04:11-04:00August 23, 2012|

The IMF blog has helped stimulate considerable debate about economic policy in the current crisis, on events in Europe and around the world, on fiscal adjustment, on regulating the financial sector, and the future of macroeconomics, as economists learn lessons from the Great Recession. As readers struggled to understand the implications of the crisis, our most popular post by far was IMF Chief Economist Olivier Blanchard's Four Hard Truths, a look back at 2011 and the economic lessons for the future.

Global Financial Stability: What’s Still To Be Done?

2017-04-15T14:10:24-04:00April 18, 2012|

The quest for lasting financial stability is still fraught with risks. The latest Global Financial Stability Report has two key messages: policy actions have brought gains to global financial stability since our September report; but current policy efforts are not enough to achieve lasting stability, both in Europe and some other advanced economies, in particular the United States and Japan.
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