What do we know about the global financial safety net? Data, rationale and possible evolution

Beatrice Scheubel, Risto Herrala () and Livio Stracca

VfS Annual Conference 2016 (Augsburg): Demographic Change from Verein für Socialpolitik / German Economic Association

Abstract: We critically review the theoretical basis for the provision of global financial safety nets (GFSN) and provide a comprehensive database covering four types (foreign exchange reserves, IMF financing, central bank swap lines, and Regional Financing Arrangements) for over 150 countries in the sample 1970-2015. We also show some key stylised facts associated with the provision of financing associated with GFSN and compare macroeconomic outcomes around sudden stop episodes depending on how much GFSN were available for countries, and used. We conclude with some speculations on the possible evolution of the GFSN.

JEL-codes: F33 F34 G01 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cba and nep-his
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc16:145676

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