Global Financial Safety Nets Documents

October 05, 2011

Fund's papers

Communiqué of the Twenty-Sixth Meeting of the International Monetary and Financial Committee (IMFC); October 13, 2012

IMF Managing Director's Global Policy Agenda for the IMFC Meeting; October 2012

IMF Executive Board Approves Distribution of US$2.7 Billion in Remaining Windfall Gold Sales Profits as part of a Strategy to Make Low-Income Lending Sustainable; Press Release; September 28, 2012

2011 Review of Conditionality; September 17, 2012
    - Public Information Notice
    - Overview
    - Content and Application of Conditionality
    - Design of Fund-Supported Programs
    - Outcomes of Fund-Supported Programs
    - Technical Appendices

How much should I hold? Reserve Adequacy in Emerging Markets and Small Islands; Mwase; August 1, 2012

Reforming International Financial Safety Nets; Shinohara; May 5, 2012

Communiqué of the Twenty-Fifth Meeting of the IMFC; April 21, 2012

Joint Statement by the International Monetary and Financial Committee and the Group of 20 Finance Ministers and Central Bank Governors on IMF Resources; April 20, 2012

Managing Director's Action Plan to the International Monetary and Financial Committee; April 18, 2012

Eligibility for Using Concessional Financing Resources; March 5, 2012
    - Public Information Notice
    - Paper

Statement by IMF Managing Director Christine Lagarde on the Meeting of the Euro Group; February 20, 2012

Shifting Motives: Explaining the Buildup in Official Reserves in Emerging Markets since the 1980s; Ghosh, Ostry and Tsangarides; January 1, 2012

International Reserves in Low Income Countries: Have They Served as Buffers?; Crispolti and Tsibouris; January 1, 2012

The Fund's Financing Role—Reform Proposals on Liquidity and Emergency Assistance and the Review of the Flexible Credit Line and Precautionary Credit Line; December 7, 2011

IMF Enhances Liquidity and Emergency Lending Windows; November 22, 2011
    - Public Information Notice
    - Precautionary Liquidity Line (PLL) Factsheet
    - Rapid Financing Instrument (RFI) Factsheet

Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (IMF Book Event); Eichengreen; October 19, 2011
    - Event page
    - IMF Survey Article

Communiqué of the 24th Meeting of the IMFC: Collective Action for Global Recovery; September 25, 2011

The Managing Director’s Action Plan to the IMFC; September 24, 2011

Axel Weber: The IMF and the International Monetary System: Lessons from the Crisis (Per Jacobsson Foundatation Lecture; September 25, 2011

    - Text of the lecture
    - Video of event

The Case for a General Allocation of SDRs During the Tenth Basic Period; June 2011

Systemic Crises, Financial Linkages, and the Role of Global Financial Safety Nets; July 2011
    - Public Information Notice
    - Mapping Cross-Border Financial Linkages—A Supporting Case for Global Financial Safety Nets; June 2011;
    - Analytics of Systemic Crises and the Role of Global Financial Safety Nets; May 2011

Summoning the Will to Act; Lipsky; May 2011

Strengthening the International Monetary System - Taking Stock and Looking Ahead; March 2011

Strengthening Assessing Reserve Adequacy; IMF Policy Papers; February 2011

Enhancing International Monetary Stability—A Greater Role for the SDR?; February 2011
    - Public Information Notice
    - Main Paper
    - Supplement

Seminar on Regional Financial Safety Nets; October 2010

The Fund’s Mandate - The Future Financing Role - Reform Proposals; September 2010
    - Public Information Notice
    - Main Paper
    - Revised Reform Proposals and Revised Proposed Decisions

The Fund’s Mandate—Future Financing Role, and Supplement: Current Lending Toolkit and Innovative Reform Options; April 2010
    - Public Information Notice
    - Main Paper
    - Supplement

Global Safety Nets: Crisis Prevention in an Age of Uncertainty; Moghadam; September 2009

On the Need for an International Lender of Last Resort; Fischer; January 1999

Papers written for the G-20

Final Communiqué of the Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 5, 2012

Global Prospects and Policy Challenges - Note for Meetings of the G-20 Finance Ministers and Central Bank Governors Mexico City; November 4-5, 2012

G20 Leaders' Declaration; Los Cabos, Mexico; June 9, 2011

Statement by IMF Managing Director Christine Lagarde on G-20 Ministerial Meeting in Mexico City; Mexico City; February 26, 2012

Communiqué of the Meeting of Finance Ministers and Central Bank Governors; Mexico City; February 26, 2012

Statement by IMF Managing Director Christine Lagarde on the G-20 Cannes Summit; Cannes; November 4, 2011

G20 Cannes Summit Final Declaration; Cannes; November 4, 2011

G20 Leaders Summit Final Communique; Cannes; November 4, 2011

Communiqué of Finance Ministers and Central Bank Governors of the G-20; Paris, October 15, 2011
    - English
    - Français

Global Economic Prospects and Policy Challenges; Written for the Meeting of the G-20 Finance Ministers and Central Bank Governors, Paris; October 14-15, 2011

Other papers/commentaries

Asia's new financial safety net: Is the Chiang Mai Initiative designed not to be used?; Hill and Menon; July 25, 2012

Central Bank Cooperation in Times of Crisis; Duke; July 20, 2012

The next steps in ASEAN+3 monetary integration; Pradumna B. Rana; May 27, 2012

How should the IMF spend its 430bn US$?; Wolff; April 25, 2012

The International Monetary Fund–Setting up shop in Europe; Lombardi; March 1, 2012

The turn of emerging countries; Angeloni; February 23, 2012

Europe v. World; Truman; February 14, 2012

Global liquidity and its international repercussions; Coeuré; February 6, 2012

The IMF and the Eurozone–Weighing Unconventional Options to Stabilize the Global Economy; Lombardi and Milsom; January 19, 2012

The ten roots of the Euro crisis; Darvas; January 11, 2012

The New International Economic Disorder; El-Erian; December 21, 2011

Reform of the international monetary and financial system; Bush and Farrant; December 21, 2011

Managing financial integration and capital mobility; Aizenmann and Pinto; October 4, 2011

Greece: The sudden stop that wasn’t; Tornell and Westermann; September 28, 2011

Countering the Contagious West; El-Erian; September 19, 2011

Reforming the International Monetary System; Farhi, Gourinchas and Rey; September 19, 2011

    - e-Book
    - Article

International Liquidity: The Fiscal Dimension -- Abstract only, access to full paper for subscribers; Obstfeld; September 2011

Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis -- Abstract only, access to full paper for subscribers; Rose and Spiegel; August 2011

International Reserves and the Global Financial Crisis -- Abstract only, access to full paper for subscribers; Dominguez, Hashimoto and Ito; August 2011

A bigger, bolder Fund can stop the next crash -- Requires subscription; Witteveen; August 2011

Stories of the Twentieth Century for the Twenty First -- Abstract only, access to full paper for subscribers; Gourinchas, P-O. and Obstfeld, M.; July 2011

The European Stability Mechanism; pp. 71-84; ECB Monthly Bulletin; July 2011

Economy, Insure Thyself; Shiller, R.; May 2011

The Outlook for International Monetary System Reform in 2011: A Preliminary Report Card; Truman; May 2011

The Future of the International Monetary System — Lessons from 1971 for Europe and the Rest of the World in Light of Past and Present Experience; Stark; May 2011

Reform of the international monetary system: Some concrete steps; Bénassy-Quéré, Pisani-Ferry and Yu; March 2011

Global Imbalances without Tears; Kenneth Rogoff; March 2011

Quelle réforme pour le système monétaire international? -- in French; Farhi, Gourinchas and Rey; January 2011

The Financial Crisis and the Strengthening of Global Policy Cooperation; pp. 87-97; January 2011

International Monetary Arrangements; Landau; September 2010

International reserves and swap lines: substitutes or complements; Aizenman, Jinjarak and Park; April 2010

Global safety nets: The IMF as a swap clearing house; Cordella and Levy-Yeyati; April 2010

Does the SDR have a future?;Cooper; March 2010

A grand bargain for the London G20 summit: Insurance and obeying the rules; Goldstein; February 2009

Understanding SDRs; Williamson; 2009

Global Governance and Reform of the International Monetary Fund: An Update; Boorman; 2009

IMF should guarantee emerging market debt -- Requires subscription; Blejer; November 2008

Why agreeing on a new Bretton Woods is vital and so hard -- Requires subscription; Wolf; November 2008

As tempting as it may be, super-sizing the IMF is wrong; Rogoff; November 2008

Reform of the Global Financial System and the Role of the IMF ; Boorman; November 2007