Philipp Maier - Latest

• Hedge Funds and Financial Stability: The State of the Debate

  Staff Discussion Paper 2007-9 Michael R. King, Philipp Maier

  The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly by increasing market volatility and generating a […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): G, G1, G15, G18, G2

• A vision for IMF Surveillance

  Staff Working Paper 2007-37 Robert Lavigne, Philipp Maier, Eric Santor

  The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re-examine the role, functions and governance of the Fund.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, International topics JEL Code(s): F, F3, F33

• Do We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring

  Staff Working Paper 2007-10 Philipp Maier

  This study investigate how debt restructurings have evolved over the decades. Debtors and creditors have a long history of engaging an outsider – a “third party”, such as the IMF – to organise and facilitate debt restructurings.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, International topics JEL Code(s): E, E5, F, F3, N, N1, N2

• Monetary Policy Committees in Action: Is There Room for Improvement?

  Staff Working Paper 2007-6 Philipp Maier

  More than 80 central banks use a committee to take monetary policy decisions. The composition of the committee and the structure of the meeting can affect the quality of the decision making.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Monetary policy framework JEL Code(s): C, C9, C92, D, D7, D70, E, E5, E58