Methinks weather seems to be more predictable …. yet both appear to be outside any ‘human’ control …. must be why ECB does not comment on the weather.
Look at the Private Capital flows chart in thw WEO report chapter 4. It’s a little confusing, but basically, the red countries (China/Brazil/Germany, France, Canada, etc) are out of trouble. The blue countries, (Ireland, US,UK,India, Iceland, etc) are still in trouble.
The boards of the Irish banks will, I’m absolutely certain, be up all night reading this one …… as will Dear Lorenzo trying to figure why he is not cited …. and trying to figure out how did those Irish citizen_serf_fools manage to pose such a creeping risk to his florentin_ecb reputation … he will, of course, ignore the chapter on capital flows.
In the GFSR one, if you compare and contrast P. 3 Figure 3.1 with P.24 figure 3.6, it makes you go ‘hmmm’.
‘Capital flow variability is likely to remain a fact of life for both emerging market and advanced economies. The key is to ensure that such variability does not compromise economic growth and financial stability. As further discussed in Chapter 1, policymakers need to adopt the right mix of macroeconomic policies, prudential financial supervision, and
macro-prudential measures to maintain strong growth in the face of variable capital flows.’
Are authors up for a Nordic Gong on this discovery?
5 replies on “WEO/GFSR: Analytical Chapters”
Summary of Capital Flows ….
http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/4sum.pdf
Methinks weather seems to be more predictable …. yet both appear to be outside any ‘human’ control …. must be why ECB does not comment on the weather.
Look at the Private Capital flows chart in thw WEO report chapter 4. It’s a little confusing, but basically, the red countries (China/Brazil/Germany, France, Canada, etc) are out of trouble. The blue countries, (Ireland, US,UK,India, Iceland, etc) are still in trouble.
Liquidity Risk Chapter
http://www.imf.org/external/pubs/ft/gfsr/2011/01/pdf/chap2.pdf
The boards of the Irish banks will, I’m absolutely certain, be up all night reading this one …… as will Dear Lorenzo trying to figure why he is not cited …. and trying to figure out how did those Irish citizen_serf_fools manage to pose such a creeping risk to his florentin_ecb reputation … he will, of course, ignore the chapter on capital flows.
In the GFSR one, if you compare and contrast P. 3 Figure 3.1 with P.24 figure 3.6, it makes you go ‘hmmm’.
‘Capital flow variability is likely to remain a fact of life for both emerging market and advanced economies. The key is to ensure that such variability does not compromise economic growth and financial stability. As further discussed in Chapter 1, policymakers need to adopt the right mix of macroeconomic policies, prudential financial supervision, and
macro-prudential measures to maintain strong growth in the face of variable capital flows.’
Are authors up for a Nordic Gong on this discovery?
In my day we called that ‘Hot Money’ 🙂