IMF GFSR Analytical Chapters

Available here.

Chapter 3 of the October 2012 Global Financial Stability Report examines whether the regulatory reforms designed to make the financial system safer are moving the system in the correct direction, using a benchmark set of features that include financial institutions and markets that are more transparent, less complex, and less leveraged. The analysis suggests that progress has been limited so far, in part because many of the reforms are still in the early stages of implementation. Chapter 4 evaluates how aspects of current changes to financial structure, including those elicited from regulatory reforms, may be associated with economic outcomes. Both chapters stress that the success of measures to produce a safer financial system depend on effective implementation of reforms and strong supervision.

6 replies on “IMF GFSR Analytical Chapters”

Off topic, but David Malpass is currently wowing the US Bloomberg anchors by explaining that there is unimpressive GDP in the US because the Fed has been buying Treasuries and MBS and thereby also driving credit to that same destination in preference to other areas where it is really needed and would create more jobs.

Think about it.

Fairly sure he is an ex-Fed governor.

Look just let these guys at it. Let’s just keep our heads down as the world implodes. The IMF are deluding themselves if they think they have anything worthwhile to offer the world

Global finance is no longer too big to fail, it’s too big not to fail. It’s got to collapse and all the little tax collecting regions of the world go back to having their own central banks with their own currencies and let the thing start again. And we can start next time with international licensing of financial institutions with very strict rules on what they do. Unfortunately it’s got to fall apart before it can be fixed

Malpass was chief economist at Bear Stearns & was a “soft landing” merchant. I am not sure about his contention on credit. Corporate lending rebounded in US last year.

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