Bericht
What do we know about the global financial safety net? Rationale, data and possible evolution
This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provides a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for over 150 countries in the sample period 1960-2015. This paper also presents some key stylised facts regarding the provision of GFSN financing and compares macroeconomic outcomes in capital flow reversal episodes depending on how much GFSN financing was available to countries. Finally, this paper concludes with some avenues for further research on the possible evolution of the GFSN.
- ISBN
-
978-92-899-2340-8
- Sprache
-
Englisch
- Erschienen in
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Series: ECB Occasional Paper ; No. 177
- Klassifikation
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
International Monetary Arrangements and Institutions
International Lending and Debt Problems
Financial Crises
International Fiscal Issues; International Public Goods
- Thema
-
financial globalisation
financial integration
global financial safety net
IMF
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Scheubel, Beatrice
Stracca, Livio
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2016
- DOI
-
doi:10.2866/54497
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Scheubel, Beatrice
- Stracca, Livio
- European Central Bank (ECB)
Entstanden
- 2016