International Law

Book

Institutional Investors

Authors: Benn Steil and E. Philip Davis

Institutional Investors is the first and only comprehensive analysis of the global economic impact of the institutionalization of savings associated with the growth of pension funds, life insurance companies, and mutual funds. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy.

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Task Force Report No. 25

Safeguarding Prosperity in a Global Financial System

The international community will not make real headway in crisis prevention if private creditors—and particularly large commercial banks—can escape from bad loans to emerging economies at relatively low cost, according to this independent Task Force report. The International Monetary Fund (IMF) should therefore return to smaller rescue packages for country crises that do not threaten the performance of the global financial system. In extreme cases, the IMF should also require as a condition for its own emergency assistance that debtors be engaged in serious and fair discussions on debt rescheduling with their private creditors.

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