IMFBlog2020-12-09T19:43:23-05:00December 9, 2020|
By Tobias Adrian, Gita Gopinath, Ceyla Pazarbasioglu
عربي, 中文, Español, Français, 日本語, Português, Русский
In a continuous effort to help countries manage volatile cross-border capital flows, the IMF has taken a major step toward a new analytical macroeconomic framework that can guide appropriate policy responses. […]
IMFBlog2019-03-27T17:05:44-04:00May 20, 2015|
By José Viñals
Financial market liquidity can be fleeting. The ability to trade in assets of any size, at any time and to find a ready buyer is not a given. As discussed in some detail last fall in this blog, a number of factors, including the evolving structure of financial markets and some regulations appear to have pushed liquidity into a new realm: markets look susceptible to episodes of high price volatility where liquidity suddenly vanishes.
In our April 2015 Global Financial Stability Report we identify a new aspect to the problem: asset price correlations have risen sharply in the last five years across all major asset classes (see figure). […]
