publication . Article . 2016

Toward the Development of a Global Financial Safety Net or a Segmentation of the Global Financial Architecture?

Ulrich Volz;
  • Published: 02 Aug 2016
  • Country: United Kingdom
Abstract
This article examines the prospects for the development of a comprehensive global financial safety net (GFSN). It discusses the optimal layout of the GFSN, comprising the International Monetary Fund, regional financing arrangements (RFAs), as well as bilateral or multilateral central bank swap arrangements, and the relationship between these. It then briefly reviews and appraises the current structure and functioning of these different layers of the GFSN and discusses the need and scope for strengthening cooperation between RFAs and the IMF. It argues that the GFSN is still very patchy and there is little reason to expect significant progress in better collabora...
Subjects
free text keywords: 8530, 3800, Finance, business.industry, business, Safety net, Architecture, Segmentation, International monetary fund, Central bank, Corporate governance, Swap (finance), Economics

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publication . Article . 2016

Toward the Development of a Global Financial Safety Net or a Segmentation of the Global Financial Architecture?

Ulrich Volz;