Policy Papers

2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Preempting and Mitigating Spillovers

Publication Date:

May 18, 2021

Electronic Access:

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Summary:

The Fund has a range of modalities and tools to cover spillovers. However, there remains scope to enhance synergies between global and country-specific spillover coverage and to foster cross-country dialogue. Practical guidance and enhanced information-sharing would also allow for more systematic surveillance of spillovers. Furthermore, the COVID-19 pandemic has underscored the need to continue expanding the research frontier covering new spillovers and channels and developing new tools and data sets. Therefore, filling these remaining gaps in the Fund’s spillover work would allow for a more coordinated and evenhanded surveillance of spillovers.

Series:

Policy Paper No. 2021/030

Subject:

COVID-19 Financial sector policy and analysis Financial sector stability Health International monetary system International trade Migration Monetary policy Money Political economy Population and demographics Spillovers Trade tensions

Frequency:

occasional