Axel Brüggemann
- 16 November 2022
- OCCASIONAL PAPER SERIES - No. 309Details
- Abstract
- Climate change poses three specific but interrelated policy challenges: climate change mitigation, climate change adaptation (which includes building up resilience) and managing transition risks. The International Monetary Fund (IMF) is a multilateral institution with global reach and near-universal membership. Therefore, along with other international organisations, it has an important role to play in addressing the policy challenges posed by climate change. This paper discusses the contribution the IMF makes and can make in its three areas of competence: surveillance, lending and technical assistance. The paper concludes that the IMF has significantly increased its engagement in climate change matters in recent years but should further intensify its efforts in ways that are fully consistent with its mandate.
- JEL Code
- F3 : International Economics→International Finance
F33 : International Economics→International Finance→International Monetary Arrangements and Institutions
F34 : International Economics→International Finance→International Lending and Debt Problems
O19 : Economic Development, Technological Change, and Growth→Economic Development→International Linkages to Development, Role of International Organizations
Q5 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics
Q48 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Energy→Government Policy
Q54 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Climate, Natural Disasters, Global Warming
- 30 September 2016
- OCCASIONAL PAPER SERIES - No. 180Details
- Abstract
- The last decade has been characterised by the pronounced volatility of capital flows. While cross-border capital flows can have many benefits for both advanced and emerging market economies, they may also carry risks, which require appropriate policy responses. Disentangling the push from the pull factors driving capital flows is key to designing appropriate policies to deal with them. Strong institutions, sound fundamentals and a large domestic investor base tend to shield economies from adverse global conditions and attract less volatile types of capital. However, when the policy space for using traditional macroeconomic policies is limited, countries may also turn to macroprudential and capital flow management policies in a pragmatic manner. The IMF can play an important role in helping countries to deal with capital flows, through its surveillance and lending policy and through international cooperation.
- JEL Code
- F3 : International Economics→International Finance
F32 : International Economics→International Finance→Current Account Adjustment, Short-Term Capital Movements
F38 : International Economics→International Finance→International Financial Policy: Financial Transactions Tax; Capital Controls
F42 : International Economics→Macroeconomic Aspects of International Trade and Finance→International Policy Coordination and Transmission
F65 : International Economics→Economic Impacts of Globalization→Finance
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
- 30 January 2015
- OCCASIONAL PAPER SERIES - No. 158Details
- Abstract
- The International Monetary Fund has significantly improved its surveillance of the EU and the euro area, along the lines suggested by the Fund
- JEL Code
- F42 : International Economics→Macroeconomic Aspects of International Trade and Finance→International Policy Coordination and Transmission
F53 : International Economics→International Relations, National Security, and International Political Economy→International Agreements and Observance, International Organizations