Policy Papers

The Recent Financial Turmoil - Initial Assessment, Policy Lessons, and Implications for Fund Surveillance

Publication Date:

April 9, 2008

Electronic Access:

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Summary:

In response to the IMFC’s October 2007 communiqué, IMF staff has sought to assess the causes of the present turbulence and draw tentative lessons in order to inform its future bilateral and multilateral surveillance work. This effort has involved close collaboration with the Financial Stability Forum (FSF) and its working groups, as well as consultation with the private sector, national authorities, standard setters, and other bodies.

Series:

Policy Papers

Subject:

IMFC