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"Capital Claims: Power and Global Finance analyzes how global financialized capitalism operates and reproduces itself, exploring the remarkable ability of the financial sector to maintain its dominance through even the most severe economic crises. The book defines international financialization as a process by which the number and value, the tradability, and the enforceability of cross-border financial claims increases and is successfully defended against competing social or political agendas. By focusing on financial claims, the volume develops a conceptual toolkit for the study of the political economy of global finance and the inequalities it sustains. The book brings together leading researchers whose work is geared towards opening the black box of cross-border finance. The authors suggest shifting the analytical focus from capital flows to capital claims - credit-debt relations between identifiable actors, embedded in social and political institutions, and infused with power and hierarchy. They show how financial actors wield leverage power, infrastructural power, and enforcement power, both vis-à-vis other private actors and vis-à-vis the state. This book will be of great interest to students, teachers, and researchers of international political economy, critical political economy, and international relations, as well as those in the fields of finance, capitalism studies, activism, policymaking, and advocacy"--

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This paper discusses Republic of Tajikistan's Request for Disbursement Under the Rapid Credit Facility (RCF). The coronavirus disease 2019 (COVID-19) pandemic has had a severe human and economic impact in Tajikistan. Trade and transportation disruptions have led to a sharp drop in remittances and government revenues and created urgent balance of payments and fiscal financing needs. The authorities have responded with an action plan and measures to contain the pandemic. Health spending and targeted support to the most vulnerable households and sectors in the economy are the immediate priorities, and a temporary widening of the budget deficit is appropriate. The IMF's financial assistance under the RCF is expected to provide a sizable share of the financing needed to implement the anti-crisis measures. Additional concessional and grant financing from the international community will be critical to close the remaining financing gap. Based on authorities' fiscal consolidation plans, debt is assessed to be sustainable. The authorities have committed to enhance the transparency and governance of their COVID-19 policy response through the publication of an ex-post audit of associated spending and procurement processes. The risk of debt distress remains high, but the capacity to repay the IMF is adequate.

International finance.

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International finance.

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La Grèce doit-elle quitter la zone euro ? Les banques centrales sont-elles fondées à créer de la monnaie pour stimuler l'activité économique ? Faut-il réformer le Système monétaire international ? Seule une compréhension éclairée du fonctionnement des systèmes monétaires permet de répondre efficacement à ces questions. Le présent livre a pour but de fournir les clés nécessaires à cette compréhension. En partant des concepts monétaires fondamentaux et du comportement réel des individus au sujet de la monnaie, il construit progressivement l'analyse des systèmes monétaires et du Système monétaire international d'une manière à la fois rigoureuse et accessible. Très didactique, il permettra à chacun - dirigeant ou simple citoyen - d'éviter les erreurs les plus répandues en matière monétaire et de se faire une opinion juste des principaux problèmes monétaires, de l'intégration monétaire européenne aux répercussions d'Internet et à l'émergence de nouvelles monnaies.

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Co^te d'Ivoire will be significantly impacted by COVID-19 pandemic: the numberof cases in the country has increased rapidly since the first confirmed case was reported onMarch 11 and the global crisis is expected to severely affect supply chains and externaldemand. The authorities' policy response to the pandemic has been swift, putting in placemeasures to help contain and mitigate the spread of the disease and designing a healthresponse plan. They have complemented these steps with an economic package to providetargeted support to vulnerable populations and firms affected by the pandemic. Thepandemic will also temporarily dampen domestic revenue mobilization and complicateaccess to international market financing.

International finance.