Author
Listed:
- Nadège Jassaud
- Ceyla Pazarbasioglu
Abstract
[eng] The enhanced coordination proposal put forward by the IMF is a pragmatic approach to address the cross-border resolution challenges in a manner that is achievable in the near future. The approach would form the basis for incremental progress being made as more and more countries voluntarily adhere to the framework over time. The “ carrot” that would encourage countries to do so would be the possibility of a more effective and value-preserving international resolution. In the near term, a limited group of countries that already meet the standards could begin to cooperate amongst themselves. To the extent that these countries include the world’s principal financial centers, such cooperation would represent a major step forward. As other countries (e. g., developing countries and emerging markets) adhere to the standards over time, the circle of cooperation would expand. It would therefore represent a pragmatic and achievable mechanism for the strengthening of international cooperation worldwide. . Classification JEL : F33, G01, G28. [fre] La coordination renforcée que propose le FMI adopte volontairement une approche pragmatique afin de répondre aux défis de la résolution transfrontière dans des délais réalistes. Elle pourrait constituer la base d’un dispositif progressif, auquel les pays adhéreraient au fil du temps. La «carotte » qui encouragerait les pays à le rejoindre serait la perspective d’une gestion de crise internationale plus efficace, moins destructrice de valeur. À court terme, un groupe restreint de pays qui satisfont déjà à ces normes pourraient commencer à coopérer entre eux. Ces pays incluant les principaux centres financiers du monde, cette coopération constituerait une avancée considérable. Lorsque d’autres pays (pays en développement, marchés émergents...) adhèreront, le cercle de la coopération s’élargirait progressivement. Il constituerait un mécanisme pragmatique et réalisable pour le renforcement d’une coopération à l’échelle mondiale. . Classification JEL : F33, G01, G28.
Suggested Citation
Nadège Jassaud & Ceyla Pazarbasioglu, 2011.
"Organiser la résolution des crises bancaires transfrontières,"
Revue d'Économie Financière, Programme National Persée, vol. 101(1), pages 205-217.
Handle:
RePEc:prs:recofi:ecofi_0987-3368_2011_num_101_1_5999
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JEL classification:
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- G01 - Financial Economics - - General - - - Financial Crises
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- G01 - Financial Economics - - General - - - Financial Crises
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
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