FINANCIAL STABILITY

Financial shocks occur with increasing frequency in the integrated world economy, threatening the stability of financial systems, economic growth, long-term development and the well-being of individuals and businesses worldwide. It is therefore fundamental to have tools and policies in place not only to prevent the occurrence of financial shocks but also to mitigate their negative impact and contagion when they do occur.

The Global Economic Governance Initiative’s workstream on Financial Stability for Development examines the extent to which nation-states and international institutions interact to prevent and mitigate financial crises. Its research assesses whether the Global Financial Safety Net (GFSN) is fit for purpose in terms of size, policies and coverage; evaluates the effectiveness and role of informal institutions in managing sovereign debt workouts and ensuring orderly and equitable resolutions; and examines how a country’s own macroprudential policies and regional cooperation can also help manage financial risks.

Financial Stability – Latest News & Publications

View more GEGI publications