Adequacy of the Global Financial Safety Net

Author: International Monetary Fund

The Global Financial Safety Net (GFSN) is comprised mainly of countries' own reserves and external public sources of insurance and financing.

Volume/Issue: Volume 2016 Issue 059

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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 , Banks and Banking , Finance , Economics- Macroeconomics , PP , GFSN element , financial crisis , commodity price hedging , financing gap , fund arrangement , global economy , fund financing , exchange rate , Hedging , Reserves accumulation , Global financial crisis of 2008-2009 , Moral hazard , Global

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Summary

The Global Financial Safety Net (GFSN) is comprised mainly of countries' own reserves and external public sources of insurance and financing. The main external official arrangements are central bank bilateral swap arrangements (BSAs), regional financial arrangements (RFAs), and the Fund. The safety net seeks to provide countries with insurance against crises, financing when shocks hit, and incentives for sound macroeconomic policies.