November 2009

Dear Subscriber,

This issue features our latest reports on the global economy as well as publications of topical interest such as the fiscal implications of the financial crisis, and structural reforms and economic performance in advanced and developing countries. This edition also highlights some of our best-selling publications that are widely used for reference and training.

The Global Economy
Recent newsletters
Resolving Crisis, Building Recovery
After a deep recession, global economic growth has turned positive, driven by wide-ranging, coordinated public intervention that has supported demand and reduced uncertainty and systemic risk in financial markets, according to the October 2009 World Economic Outlook. The recovery is expected to be slow, as financial systems remain impaired and high public spending and large fiscal deficits must eventually be unwound…see webcastorder October 2009 print editionorder other languages

Global Financial Stability Report
The Global Financial Stability Report assesses key risks facing financial systems with a view to identifying those that represent systemic vulnerabilities. The October 2009 report discusses the evolution of the current financial crisis and assesses the policies taken to mitigate its effects on economic activity. Looking forward, it also provides policy advice on navigating the financial challenges on the road to recovery for the global financial system…see webcastorder October 2009 print edition

Regional Economic Outlooks
The five Regional Economic Outlooks published biannually by IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each of the volumes, recent economic developments and prospects for the region are discussed as a whole as well as for specific countries. The reports include key data for countries in the regions.

Annual Report on Exchange Arrangements and Exchange Restrictions, 2009
A subscription to the Annual Report on Exchange Arrangements and Exchange Restrictions provides reporting for the foreign exchange arrangements, exchange and trade restrictions, and prudential measures of the member countries of the IMF. This data draws upon information available to the IMF from a number of sources, including data provided in the course of official staff visits to member countries.

New and Noteworthy Titles

Fiscal Implications of the Global Economic and Financial Crisis
The economic and financial crisis is affecting the fiscal accounts of virtually every country. This new paper, which focuses mainly on advanced and emerging market economies, employs projections based on the April 2009 World Economic Outlook to quantify the fiscal implications of the crisis for a cross-section of countries. The authors assess the post-shock fiscal balances and debt outlook, and suggest ways for governments to clarify their strategies for maintaining fiscal solvency...read more

Structural Reforms and Economic Performance in Advanced and Developing Countries
Drawing on a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, this book examines the impact on economic performance in 91 countries of policies designed to increase the role of market forces and competition. Such policies, known as structural reforms, have been broadly pursued by the country groupings analyzed in this study since 1970, but individual country experiences have differed.

Best Sellers
Financial Sector Assessment: A Handbook
The Handbook presents an overall analytical framework for assessing financial system stability and developmental needs, providing broad guidance on approaches, methodologies, and techniques of assessing financial systems. Although the Handbook draws substantially on World Bank and IMF experience with the Financial Sector Assessment Program (FSAP) and from the broader policy and operational work in both institutions, it is designed for generic use in financial sector assessments...read more

Financial Soundness Indicators: Compilation Guide
Financial Soundness Indicators (FSIs) are measures that indicate the current financial health and soundness of a country's financial institutions, and their corporate and household counterparts. Financial Soundness Indicators: Compilation Guide is intended to give guidance on the concepts, sources, and compilation and dissemination techniques underlying FSIs; to encourage the use and cross-country comparison of these data; and, thereby, to support national and international surveillance of financial systems...read more

IMF Glossaries
IMF glossaries contain terms that are believed to be the most useful to translators dealing with IMF material. The main body of each Glossary consists of terms, phraseological units, and institutional titles covering areas such as macroeconomics, money and banking, public finance, taxation, balance of payments, statistics, accounting, and economic development. IMF glossaries contain terminology relating to the IMF's organization and operations, as well as from the Articles of Agreement, By-Laws, Rules and Regulations, and other major IMF publications... read more

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