Financial Stability Publications

Working Papers, Journal Articles & Reports

• On Par: A Money View of Stablecoins

  November 2023

• Reforming Bretton Woods Institutions to Achieve Climate Change and Development Goals

  October 2023

• The International Monetary Fund and Quota Reform: Background and Key Considerations

  April 2023

• Voice at the Point of Sovereign Default

  March 2023

• The Minsky-Kindleberger Connection and the Making of Manias, Panics, and Crashes

  March 2023

• The Triangle of Economic Activity, Inequality and Green Transition in South Africa

  December 2022

• Dollar Debt in FX Swaps and Forwards: Huge, Missing and Growing

  December 2022

• No One Left Behind? Assessing the Global Financial Safety Net Performance During COVID-19

  December 2022

• No Voice for the Vulnerable: Climate Change and the Need for Quota Reform at the IMF

  October 2022

• Rethinking Monetary Sovereignty: The Global Credit Money System and the State

  August 2022

• A Disaster Under-(Re)Insurance Puzzle: Home Bias in Disaster Risk-Bearing

  July 2022

• The IMF and Climate Change: Tracking the IMF’s Engagement and Leadership

  April 2022

• Climate Risk and IMF Surveillance Policy: A Baseline Analysis

  January 2022

• “Where’s My Swap Line?”: A Money View of International Lender of Last Resort

  October 2021

• Seven Decades of International Banking

  October 2021

• Understanding the Consequences of IMF Surcharges: The Need for Reform

  October 2021

• Do Central Banks Rebalance Their Currency Shares?

  September 2021

• The Eurozone’s Evolving Fiscal Ecosystem: Mitigating Fiscal Discipline by Governing Through Off-Balance-Sheet Fiscal Agencies

  May 2021

• Climate Risk and IMF Surveillance Policy: A Baseline Analysis

  April 2021

• Poverty, Inequality and the IMF: How Austerity Hurts the Poor and Widens Inequality

  April 2021

• The IMF COVID-19 Surveillance Tracker

  March 2021

• The Global Domain of the Dollar: Eight Questions

  February 2021

• Safety First: Expanding the Global Financial Safety Net in Response to COVID-19

  November 2020

• Whatever It Takes? The Global Financial Safety Net, COVID-19 and Developing Countries

  October 2020

• How Trade Policy Failed US Workers – And How to Fix it

  September 2020

• The Role of IMF in the Fight Against COVID-19: The IMF COVID-19 Recovery Index

  September 2020

• Institutionalizing Financial Cooperation in East Asia: AMRO and the Future of the Chiang Mai Initiative Multilateralism

  September 2020

• The Fed in the Corporate Bond Market in 2020

  August 2020

• A Macro-Financial Model of the Eurozone Architecture Embedded in the Global Offshore US-Dollar System

  July 2020

• The Fiscal Impacts of Trade and Investment Treaties

  July 2020

• The Evolution of the Offshore US-Dollar System: Past, Present and Four Possible Futures

  May 2020

• The Currency Composition of Foreign Exchange Reserves

  April 2020

• Central Bank Swaps Then and Now: Swaps and Dollar Liquidity in the 1960s

  April 2020

• Safety First: Expanding the Global Financial Safety Net in Response to COVID-19

  April 2020

• Prudential Regulations for Greening the Financial System: Coping with Climate Disasters

  February 2020

• The Co-Benefits of Stakeholder Engagement: Environmental and Social Safeguards, Infrastructure Investment, and Deforestation in the Andean Amazon, 2000-2015

  August 2019

• The Managerial Elite of Development Banks

  May 2019

• Environmental Geopolitics and Outer Space

  March 2019

• Corporate Green Bonds

  November 2018

• Dependent Development and Its Limits: Romanian Capitalism after the Great Recession

  November 2018

• Climate Transition Risk and Development Finance: A Carbon Risk Assessment of China’s Overseas Energy Portfolios

  November 2018

• Renewable Energy: The Trillion Dollar Opportunity for Chinese Overseas Investment

  November 2018

• Moving the Green Belt and Road Initiative: From Words to Actions

  November 2018

• Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis

  June 2017

• Grey matter in shadow banking: international organizations and expert strategies in global financial governance

  December 2016

• Renewable Energy Investment in Africa and NDCs

  November 2016

• Special Journal Issue: Capital Controls and the Global Financial Crisis

  March 2015

• Financialization and the Resource Curse: The Challenge of Exchange Rate Management in Brazil”

  September 2014

• Regulating Capital Flows in Emerging Markets: the IMF and the Global Financial Crisis

  May 2014

• UNCTAD-GEGI Policy Brief: Workshop on Capital Account Regulations and Global Economic Governance

  November 2013