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    de John Kay ...
    The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to ... Leer más

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  • Interest Rate Cycles: An Introduction

    Monetary policy has increasingly become the focus of economists and investors. This report describes the factors driving interest rates across the economic cycle. Written by an experienced fixed income analyst, it explains in straightforward terms the theory that lies behind central bank thinking. Although monetary theory appears complex and highly mathematical, the text explains how decisions ... Leer más

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    The world of money is being transformed as households and organizations face changing economies, and new currencies and payment systems like Bitcoin and Apple Pay gain ground. What is money, and how do we make sense of it? Money Talks is the first book to offer a wide range of alternative and unexpected explanations of how social relations, emotions, moral concerns, and institutions shape how we ... Leer más

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  • Inequality and Fiscal Policy

    The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and ... Leer más

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  • Fiscal Space

    Series Libro 2010 - IMF Staff Position Notes
    In this note, the authors reexamine the issue of debt sustainability in a large group of advanced economies. Their hypothesis is that, when debt is in a moderate range, its dynamics are sustainable in the sense that increases in debt elicit sufficient increases in primary fiscal balances to stabilize the debt-to-GDP ratio. At high debt levels, however, the dynamics may turn unstable, and the debt ... Leer más

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  • Deterring Abuse of the Financial System: Elements of an Emerging International Integrity Standard

    Series Libro 05 - IMF Policy Discussion Papers
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  • Monetary Policy Rule in Theory and Practice

    Facing the Internal vs External Stability Dilemma

    Series series Routledge International Studies in Money and Banking
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  • The IMF and Aid to Sub-Saharan Africa

    Series Libro Independent Evaluation Office Reports - Independent Evaluation Office Reports
    This independent evaluation of the IMF’s role and performance in the determination and use of aid to low-income countries in sub-Saharan Africa is presented at a ground-level view. Country performance has improved in many sub-Saharan Africa countries over the period, and the report details the role of the IMF’s programs, as well as perceptions of that role. The report is an important contribution ... Leer más

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