IMF Survey, Volume 32, Issue 10

Volume/Issue: Volume 0032 Issue 010

Publication date: June 2003

ISBN: 9781451932010

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Political Science , Inflation , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , SV , IMF Concludes , economy , poverty rate , country , IMF survey , IMF staff representative , IMF publication service , financing IMF transaction , IMF's website , Poverty reduction , Income inequality , Collective action clauses , Inflation , Bonds , Global , Middle East , North Africa , East Africa

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Summary

With the findings of a recent IMF staff study serving as a starting point, a panel of IMF staff and distinguished outside researchers on May 27 debated financial globalization’s benefits and risks. Panelists were Eswar Prasad (IMF Asia and Pacific Department), Shang-Jin Wei (IMF Research Department)—two of the study’s authors—and C. Fred Bergsten (Director, Institute for International Economics (IIE)), Jeffrey Frankel (Professor, Kennedy School of Government at Harvard University), and Daniel Tarullo (Professor, Georgetown University Law Center). Kenneth Rogoff (IMF Economic Counsellor and Director ofthe Research Department), also an author of the study, moderated. Participants suggested ways to contain the downsides of globalization; two of their recommendations—developing domestic financial sectors and strengthening institutions prior to liberalization—drew wide support.