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作者:Seabrooke, Leonard; Nilsson, Emelie Rebecca
作者单位:Copenhagen Business School
摘要:In 2006, the International Monetary Fund's (IMF) Financial Sector Assessment Program (FSAP) lauded Iceland's capacity to withstand extreme, but plausible, shocks, which was clearly an error in judgment. After the international financial crisis hit, IMF officials bemoaned the lack of professional market skills in FSAP teams. Importing these skills was difficult given IMF staff freezes, but postcrisis FSAP continued with heightened legitimacy inside and outside the IMF. This article provides an ...
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作者:Barclay, Tony
作者单位:Columbia University
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作者:Gabor, Daniela
作者单位:University of West England
摘要:The International Monetary Fund's (IMF) new financial interconnectedness agenda, developed in response to postcrisis calls from G20 to better understand systemic financial institutions, deploys a critical approach that stresses the spatial, political, and institutional dimensions of cross-border financial networks. It portrays global banks as key nodes in those networks, super-spreaders of systemic risk through complex business models that involve yield search, regulatory and tax arbitrage. Ye...
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作者:Gallagher, Kevin P.
作者单位:Boston University
摘要:Financial crises can trigger different actors to reassess their ideas, interests, and policies, and sometimes change them. The Global Financial Crisis triggered a reassessment at the International Monetary Fund (IMF) regarding the utility of capital account liberalization and the management of capital flows. In 2010, the IMF embarked upon an official reassessment of these issues and in 2012 published an official institutional view on capital account liberalization and managing capital flows th...