TF9 - International Finance THE NEED FOR A DEVELOPMENT CENTERED CLIMATE CHANGE POLICY AT THE INTERNATIONAL MONETARY FUND ABSTRACT Climate change and climate change policy pose significant risks to financial and fiscal stability.They also pose risks and offer opportunities for growth and development prospects.As the [...]

TF9 - International Finance USING RISK SECURITIZATION TO INSURE AGAINST PANDEMIC-RELATED RISK ABSTRACT Although governments could protect against the economic devastation of future pandemics by requiring businesses to insure against pandemic-related risks, insurers do not currently offer that insurance. Even given sufficient actuarial data to [...]

TF9 - International Finance RESETTING THE GLOBAL FINANCIAL SAFETY NET FOR THE COVID-19 RECOVERY ABSTRACT The uneven post-pandemic recovery brings great challenges for global financial stability and sustainable growth. To meet the challenges ahead, we propose to reset the Global Financial Safety Net designated to provide financial [...]

TF9 - International Finance STRENGTHENING THE GLOBAL FINANCIAL SAFETY NET BY BROADENING SYSTEMATIC ACCESS TO TEMPORARY FOREIGN LIQUIDITY ABSTRACT The COVID-19 pandemic has highlighted long-standing fractures in the international financial system, especially weaknesses in the safety net for emerging market and developing economies (EMDEs). We present a [...]

TF9 - International Finance GLOBAL FRAMEWORK FOR REGULATING STATE-OWNED MULTINATIONAL ENTERPRISES (SOMNES) ABSTRACT The IMF estimates that State-Owned Enterprise (SOE) assets totalled US$45 trillion in 2018, close to 50% of the global GDP, and calculated the debt of the largest SOEs to be US$7.4 trillion. Clearly, [...]