Archive for September 26th, 2007

IMF on Financial Markets (Sep 07)

September 26, 2007

IMF has released its semi-annual publication Global Financial Stability Report. More than anything else, it always has excellent presentation of facts and more on impact of sub-prime on markets. The report is here.

The findings can be summarised in 3 points:

  • Markets face difficult period ahead
  • Credit difficulties likely to have broader economic effects
  • Market framework needs strengthening

Let me read the details and if anything would share the same .

Assorted Links

September 26, 2007

1. JR Varma on Bank of England U-Turn.

2. TTR on Moral Hazard.

3. WSJ points to a new paper from Fed which asks:

A key question for the global economy is whether it can grow without tailwinds from the U.S. and even eventually serve as a source of demand growth here via exports. The Fed paper’s conclusions appeared mixed, depending on the country

It points to another paper from Atlanta Fed which says  mortgage led to higher home ownership in India.

4. A nice snapshot of the financial risks in the world.

5. Rodrik on the pains one has to go through after submitting a paper for a journal.

6. SS Aiyar brings a lot of sense to the Fed rate cut.

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