TY - BOOK ID - 11261878 TI - Financial Sector Surveillance and the IMF AU - Gola, Carlo. AU - Spadafora, Francesco. AU - International Monetary Fund. PY - 2009 SN - 1451918097 1282844458 9786612844454 1451873948 1452760144 1462341632 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Business & Economics KW - International Finance KW - Economic policy KW - Evaluation. KW - International Monetary Fund KW - Economic nationalism KW - Economic planning KW - National planning KW - State planning KW - Internationaal monetair fonds KW - International monetary fund KW - Economics KW - Planning KW - National security KW - Social policy KW - Banks and Banking KW - Finance: General KW - Financial Risk Management KW - Industries: Financial Services KW - Financial Institutions and Services: General KW - General Financial Markets: Government Policy and Regulation KW - Financial Crises KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Economic & financial crises & disasters KW - Banking KW - Financial sector KW - Financial Sector Assessment Program KW - Financial sector stability KW - Financial crises KW - Commercial banks KW - Financial services industry KW - Banks and banking KW - Mexico UR - https://www.unicat.be/uniCat?func=search&query=sysid:11261878 AB - The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first "official" phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues "up to par" with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS. ER -