September 30, 2016/IMF Renminbi joins U.S. dollar, euro, yen, and British pound in SDR basket Change represents important milestone for IMF, SDR, and China Move recognizes and reinforces China’s continuing reform progress Effective October 1, the IMF is adding the Chinese renminbi (RMB) to the basket of currencies that make […]

September 29, 2016/IMF Improved corporate governance over past two decades Governance bolsters resilience to financial shocks Corporate governance can strengthen firms’ balance sheets Stronger corporate governance and investor protection can enhance the resilience of emerging market economies to global financial shocks, and strengthen corporate balance sheets, according to new research […]

September 29, 2016/IMF Impact of monetary policy actions on economic activity has generally strengthened since 2000 Nonbank credit increases the effectiveness of monetary policy Risk taking by banks, nonbanks responds to monetary policy The growth in credit by financial institutions that are not banks has, if anything, strengthened the impact […]