Surveillance by International Institutions

Surveillance by International Institutions

Lessons from the Global Financial and Economic Crisis

by Kumiharu Shigehara

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This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and discuss issues relevant to strengthening their surveillance activities for making appropriate policy recommendations and issuing warnings in order to prevent such crisis in the future.

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