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Title:Preventing financial instability and currency crises PDF Logo
Authors:Siebert, Horst
Issue Date:2008
Series/Report no.:Kieler Arbeitspapiere 1401
Abstract:Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and appropriate principles of monetary policy. The paper studies the role of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world's financial system and points out necessary IMF reforms. It discusses how the IMF should adjust to the structural changes in the world economy.
Subjects:Financial instability
Rules for monetary stability
Hedge funds
Exchange rate crises
IMF
IMF quotas
JEL:F33
E5
G2
P00
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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