June 2022: New IMF Blog Article – Capital Markets Regulation Is Stronger, but Some Gaps Still Must be Closed

By Tobias Adrian and Jay Surti Countries have made substantial progress toward implementing capital markets regulatory reform, but important gaps remain and new challenges have raised the bar. Capital markets are like engines that help power the global economy: they perform best with regular tune-ups. In this spirit, the major regulatory overhaul following the global financial crisis was[…]

IMF Working Paper – Sovereign Debt

Author(s): Leonardo Martinez, Francisco Roch, Francisco Roldán, Jeromin Zettelmeyer Date: June 2022 Abstract: This paper surveys the literature on sovereign debt from the perspective of understanding how sovereign debt differs from privately issue debt, and why sovereign debt is deemed safe in some countries but risky in others. The answers relate to the unique power of the sovereign.[…]