Mr. Udaibir S. Das

Macroprudential Stress Tests and Policies: Searching for Robust and Implementable Frameworks

Macroprudential stress testing (MaPST) is becoming firmly embedded in the post-crisis policy-frameworks of financial-sectors around the world. MaPSTs ...

Unwinding Financial Sector Interventions

Preconditions and Practical Considerations

As the financial crisis abates, governments are faced with the challenge of balancing the withdrawal of fiscal support with reestablishing sound publi...

Bank Profitability and Financial Stability

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We first develop a theoretical model o...

China's Road to Greater Financial Stability

Some Policy Perspectives

China has reached a stage where further financial sector reforms appear essential. As the reform process progresses and macrofinancial linkages deepen...

Sovereign Risk and Asset and Liability Management

Conceptual Issues

Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign ba...

Internationalization of Emerging Market Currencies

A Balance Between Risks and Rewards

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit co...

Economics of Sovereign Wealth Funds

Issues for Policymakers

The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF in...

Sovereign Default Risk and Private Sector Access to Capital in Emerging Markets

Top down spillovers of sovereign default risk can have serious consequences for the private sector in emerging markets. This paper analyzes the effect...

Sovereign Debt Restructurings 1950-2010

Literature Survey, Data, and Stylized Facts

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the fi...

Insurance and Issues in Financial Soundness

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the ri...

Managing Public Debt and its Financial Stability Implications

This paper explores the relationship between the level and management of public debt and financial stability, and explains the channels through which ...

Sovereign Debt Restructurings, 1950-2010

Concepts, Literature Survey, and Stylized Facts

This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the fi...