This study reviews the literature on the origins of currency and banking crises. It presents empirical tests on the performance of alternative early-warning ind

This book deals with the challenges of macro financial linkages in the emerging markets.

Assessing country risk is a core component of surveillance at the IMF. It is conducted through a comprehensive architecture, covering both bilateral and multila

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many

The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate deb