Global financial safety net relies on maintaining IMF resources – paper
Regional arrangements have grown in importance but Fund remains central, Bank of Italy paper says
The International Monetary Fund is still vital to guaranteeing global financial stability, an occasional paper published by the Bank of Italy argues.
In Stitching together the global financial safety net, Edd Denbee, Carsten Jung and Francesco Paternò present the results of simulated stress tests on international arrangements to cope with financial crisis.
Regional funding arrangements and credit swap lines between central banks have increased considerably in importance in recent years, they say
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