Unwinding Financial Sector Interventions : Preconditions and Practical Considerations / Michael Papaioannou, Udaibir Das.

Format:

Book

Government document

Author/Creator:

Papaioannou, Michael.

International Monetary Fund.

Contributor:

Das, Udaibir.

International Monetary Fund.

Series:

Seminar Volumes

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009--Government policy--Congresses.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (94 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

As the financial crisis abates, governments are faced with the challenge of balancing the withdrawal of fiscal support with reestablishing sound public finances and sustainable growth. This volume presents papers from an IMF-sponsored conference of senior policymakers, academics, and senior representatives of the private sector on unwinding public interventions initiated during the crisis. There was broad agreement that the main goal of any strategy for unwinding such interventions should be to create price stability, fiscal sustainability, and a new economic landscape that is much safer than currently exists. Different perspectives on the timing and sequence of the exit process are presented and some guiding principles for exit strategies are discussed. Policy objectives, unwinding public support to banks, and dealing with risky assets purchased by central banks are among topics discussed in detail. The volume also presents views on what the new financial landscape will look like.

Contents:

Preface

Contents

Abbreviations

Overview

Introductory Remarks by John Lipsky

The Financial Crisis

"Where Are We Now, and What Are the Prospects for Unwinding Public Interventions in the Financial Sector?

Managing Fiscal Risks"Public Finance Aspects of Unwinding

Financial Sector Interventions"Identifying Preconditions and Practical Considerations for Unwinding Liquidity Support and Guarantees

Financial Crisis-Related Assets"Practical Considerations for Restoring Private Control

Concluding Remarks by John Lipsky

Annex: Agenda, Participants, and Summary of Deliberations.

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781462315833

1462315836

9781455292936

1455292931

OCLC:

694145307