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The Role Of The International Monetary Fund In Promoting Global Economic Stability

Author

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  • Alina HAGIU

    (Faculty of Economics and Law, University of Pitesti, Romania)

  • Luiza Madalina APOSTOL

    (Faculty of Economics and Law, University of Pitesti, Romania)

Abstract

This paper presents the role that the International Monetary Fund performs in promoting global economic stability. Global economic and financial stability plays a key role in the financial system and the economy as a whole. The increase in the importance of the concept of financial stability by supervisors at both European and global level was concretized by defining a framework for the operationalization of macroprudential policy, together with the establishment of coordination bodies in this field, thus recognizing its role in the mix of established economic policies such as monetary, fiscal or competitive policy.

Suggested Citation

  • Alina HAGIU & Luiza Madalina APOSTOL, 2017. "The Role Of The International Monetary Fund In Promoting Global Economic Stability," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 16(3), pages 90-103.
    • Handle: RePEc:pts:journl:y:2017:i:3:p:90-103
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    References listed on IDEAS

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    1. Dennis Essers & Stefaan Ide, 2017. "The IMF and precautionary lending : An empirical evaluation of the selectivity and effectiveness of the flexible credit line," Working Paper Research 323, National Bank of Belgium.
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    5. Beck, Roland & Reinhardt, Dennis & Rebillard, Cyril & Ramos-Tallada, Julio & Peeters, Jolanda & Paternò, Francesco & Wörz, Julia & Beirne, John & Weissenseel, Lisa, 2015. "The side effects of national financial sector policies: framing the debate on financial protectionism," Occasional Paper Series 166, European Central Bank.
    6. Essers, Dennis & Ide, Stefaan, 2019. "The IMF and precautionary lending: An empirical evaluation of the selectivity and effectiveness of the Flexible Credit Line," Journal of International Money and Finance, Elsevier, vol. 92(C), pages 25-61.
    7. Ahmed, Shaghil & Zlate, Andrei, 2014. "Capital flows to emerging market economies: A brave new world?," Journal of International Money and Finance, Elsevier, vol. 48(PB), pages 221-248.
    8. Irina Andone & Beatrice D. Scheubel, 2017. "Memorable Encounters? Own and Neighbours' Experience with IMF Conditionality and IMF Stigma," CESifo Working Paper Series 6399, CESifo.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic stability; finance; supervision; financial assistance; development.;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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