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After the Crisis, Much Still at Stake for Eurozone
By Marek Belka (Version in ελληνικά) What a difference a year makes. January 2009 marked 10 years since the introduction of the euro. That anniversary fell in the midst of the worst global financial...
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No Country is an Island: Ireland and the IMF
by iMFdirect Speaking to the pain and anger of the Irish people at the toll the economic adjustment has taken on their daily lives, the IMF’s mission chief Ajai Chopra was clear during a press...
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Beyond the Austerity Debate: the Deficit Bias in the post-Bretton Woods Era
By Carlo Cottarelli (Version in Español) The austerity vs. growth debate has raged in recent months, pitting those who argue that fiscal policy should be tightened more aggressively now to bring down...
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Can Policymakers Stem Rising Income Inequality?
By David Coady and Sanjeev Gupta The issue of rising income inequality is now at the forefront of public debate. There is growing concern as to the economic and social consequences of the steady, and...
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The Power of Cooperation
by iMFdirect The planet’s most successful species are the great cooperators: ants, bees, termites, and humans. In an article in the new issue of Finance & Development magazine, President Bill...
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The Ties That Bond Us: What Demand For Government Debt Can Tell Us About the...
by Serkan Arslanalp and Takahiro Tsuda It’s not news that emerging markets can be vulnerable to bouts of market volatility. Investors often pull sudden stops—they stop buying or start selling off their...
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Are Jobs and Growth Still Linked?
By Prakash Loungani (Version in Español) Over 200 million people are unemployed around the globe today, over a fifth of them in advanced economies. Unemployment rates in these economies shot up at the...
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Era of Benign Neglect of House Price Booms is Over
By Min Zhu (Versions in عربي, Español, 日本語, 中文, Français, and Русский) House prices are inching up. But is this a cause for much cheer? Or are we watching the same movie again? Recall how after a...
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Euro Area: An Unbalanced Rebalancing?
By John Bluedorn and Shengzu Wang Since the financial crisis, the euro area current account, made up mostly of the trade balances of the individual countries, has moved from rough balance into a clear...
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Portfolio Investment in Emerging Markets: More Than Just Ebb and Flow
By Evan Papageorgiou When the U.S. Federal Reserve first mentioned in 2013 the prospect of a cutback in its bond buying program, markets had a “taper tantrum.” Many emerging markets saw large increases...
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Housing Bubbles: An Ounce of Prevention is Worth a Pound of Cure
By Kevin Fletcher and Peter Kunzel The main features of boom-bust cycles in housing markets are by now all too familiar. During booms, conditions such as lax lending standards and low interest rates...
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Battling Global Unemployment: Too Soon to Declare Victory
By Prakash Loungani (Version in Français) Seven years after the onset of the Great Recession, the global unemployment rate has returned to its pre-crisis level: the jobless rate fell to 5.6% in 2014;...
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Investment in the Euro Area: Why Has It Been So Weak?
By Bergljot Bjørnson Barkbu, S. Pelin Berkmen, and Hanni Schölermann Investment in the euro area, and particularly private investment, has not recovered since the onset of the global financial crisis....
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Resolving Residential Mortgage Distress: Time to Modify
By Jochen Andritzky (Versions in Español) In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and economic slowdown. As a result, more households default on their...
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Making Small Beautiful Again: The Challenge of SME Problem Loans in Europe
By Yan Liu, Kenneth Kang, Dermot Monaghan, and Wolfgang Bergthaler Six years after the global financial crisis, Europe continues to be weighed down by high levels of corporate debt and millions of...
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How Much Finance Is Too Much: Stability, Growth & Emerging Markets
By Ratna Sahay, Martin Čihák, and Papa N’Diaye The world still lives in the shadow of the global financial crisis that began in the United States in 2008. The U.S. experience shone a spotlight on the...
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Cross-Country Analysis of Housing Finance and Real Estate Booms
By Eugenio Cerutti, Jihad Dagher, and Giovanni Dell’Ariccia Housing finance—considered one of the villains of the recent global financial crisis—was seen, at least until recently, as a vehicle for...
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Battling Global Unemployment: Too Soon to Declare Victory
By Prakash Loungani (Version in Français and Español) Seven years after the onset of the Great Recession, the global unemployment rate has returned to its pre-crisis level: the jobless rate fell to...
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Investment in the Euro Area: Why Has It Been So Weak?
By Bergljot Bjørnson Barkbu, S. Pelin Berkmen, and Hanni Schölermann Investment in the euro area, and particularly private investment, has not recovered since the onset of the global financial crisis....
View ArticleClik here to view.
Resolving Residential Mortgage Distress: Time to Modify
By Jochen Andritzky (Versions in Español) In housing crises, high mortgage debt can feed a vicious circle of falling housing prices and economic slowdown. As a result, more households default on their...
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