IMF Paper-Managing Volatility in Low-Income Countries - The Role and Potential for Contingent Financial Instruments -continued

March 19, 2012--Summary:The paper examines the case for contingent financial instruments for low-income countries (LICs), from both the market and official sector. These include commodity price hedging instruments, contingent debt instruments (commodity-linked bonds, deferred repayment loans), and natural disaster insurance, for example.
The paper considers the adequacy of the existing framework of ex post and ex ante support to LICs facing exogenous shocks, and examines the need for and possible constraints to greater availability of contingent instruments. Would there be a role for the international community, particularly the IMF and World Bank, in helping to address the constraints that limit development and use of these instruments?

view the IMF paper-Managing Volatility in Low-Income Countries: The Role and Potential for Contingent Financial Instruments1

Source: IMF

Global ETP News
George Osborne to join BlackRock as adviser
January 20, 2017--World's largest asset manager recruits former UK chancellor.
read more
Stocks, currencies fall after Fed's Yellen signals rate hikes
September 19, 2017--Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.
read more
State Street Brexometer: Gauging Investor Sentiment on the Brexit Impact
State Street Institutional Survey
January 19, 2017--Despite some fears about adverse implications for global growth, our survey painted a somewhat upbeat picture, with investors maintaining their outlook on medium-term global economic growth. Along with commentary from our own experts, we can help you prepare for a post-Brexit world.
read more
Infographic-The Global War on Cash
January 18, 2017--There is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as "The War on Cash", and there are three major players involved:
read more
"Liquidity Alliance" builds blockchain solution for cross-border collateral transfer
January 18, 2016--Four members of the 'Liquidity Alliance' (LA), an international group of central securities depositories (CSDs), are cooperating with Deutsche Börse to launch an initiative leveraging blockchain technology to ease cross-border mobilisation of security collateral.
read more
Blockchain could save investment banks up to $12 billion a year: Accenture
January 18, 2017--Blockchain technology could help the world's largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture.
read more
Carbon Pricing Vital to Avoid Coal-Powered Climate Catastrophe
January 18, 2017--Setting a realistic price of $20 per tonne of CO2 emissions is vital to wean the world off coal power
To meet the Paris targets, there is no space for new coal, and existing coal power must be retired early
read more
Earth breaks heat record in 2016 for third year in a row
January 18, 2017--Last year, the Earth sweltered under the hottest temperatures in modern times for the third year in a row, US scientists said Wednesday, raising new concerns about the quickening pace of climate change.
read more
New World Bank Tool Helps Map Solar Potential
January 17, 2016--The World Bank, in partnership with the International Solar Alliance (ISA,, launched the Global Solar Atlas, a free, web-based tool to help investors and policymakers identify potential sites for solar power generation virtually anywhere in the world, at the click of a button.
read more
FTSE Russell expands China offering with two new indexes
January 17, 2017--FTSE China A Innovative Enterprise Indexes track fast-growing ChiNext stocks listed on Shenzhen Stock Exchange
read more
Making New Silk Road 'Smart' Can Boost Region's GDP by 4%-7%, Says Study
January 17, 2017--Significant investments in technology would enable collaboration and spur economic growth in countries along the New Silk Road, including China, Kazakhstan, Russia and Europe
read more
Report: Blockchain Could Become an $8 Billion Global Industry By 2024
January 16, 2017--The next eight years could see the blockchain marketplace grow to almost $8bn in value, according to a new research report.
read more
Eurasia Group Top Risks 2017: The Geopolitical Recession
January 16, 2017--Welcome to the geopolitical recession
This is Eurasia Group's annual forecast of the political risks that are most likely to play out over the course of the year. This year's report was published on 3 January, 2017.
read more
World Economic Outlook (WEO) Update-A Shifting Global Economic Landscape
January 16, 2017--After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies.
read more
Industry Rallies Behind Plan to Recycle 70% of Plastic Packaging Globally
January 16, 2017--Over 40 industry leaders endorse a global action plan on plastic packaging production, use and after-use
The plan, laid out in a new report, The New Plastics Economy: Catalysing Action launched by the World Economic Forum and the Ellen MacArthur Foundation today, would see global recycling rates for plastic packaging grow from just 14% currently to 70%
read more
ETF Securities Weekly Flows Analysis-Commodity rally drives a mixture of profit-taking and position building
January 16, 2017--Crude oil, industrial metal and gold ETPs see inflows as the price rally draws in investors.
Palladium ETPs see profit taking after a very strong rally.
Inflows into short European equity ETPs the highest since July 2016.
read more
Deutsche AM celebrates 10 years of growth and innovation in ETFs
January 16, 2017--Deutsche Asset Management's (Deutsche AM's) db X-trackers ETF business is preparing for a further decade of growth and innovation following the 10-year anniversary of the listing of its first ETFs.
read more
WEF-Weak and Unequal Recovery: Five-Year Average Decline in Living Standards in Advanced Countries Highlights Need for New Growth Model
January 16, 2017--World Economic Forum report proposes new economic growth framework to widen social inclusion.
Finds annual median per capita income declined across all advanced countries by average rate of 2.4% over the past five years, and growth per capita averaged less than 1%.
read more
BlackRock ETP Landscape ETP Landscape: A record year for flows
ETP Landscape December 2016
Global ETPs set a new flows record in 2016, posting another year of double digit organic growth.
Global ETP flows of $379.5bn represented 13% organic growth and exceeded last year's record of $350.7bn, fueled by record flows for fixed income, a second-half surge in U.S. equities and renewed appetite for broad emerging markets equities
read more
Investors fight back on aggressive covenant terms
January 13, 2017--Investors dug in their heels this week on three investment-grade bond deals that tried to include more issuer-friendly terms, signaling that-for now at least-enough is enough.
read more
DECPG Global Weekly-January 13, 2017
January 13, 2017--TAKING STOCK
The World Bank forecast global growth to accelerate moderately in 2017
U.S. jobless claims rose slightly in the first week of 2017, retail sales rose modestly in December
read more
BlackRock and Vanguard enjoy record inflows
January 13, 2017--Titans of asset management capitalise on popularity of low-cost passive investments
read more
Report on sterling "flash event", released by the Markets Committee
January 13, 2017-The Markets Committee today released its analysis of the 7 October 2016 "flash event" during which sterling depreciated by around 9% versus the dollar in early Asian trading, before quickly retracing much of the move.
read more
BlackRock reports $41 billion in institutional net inflows in quarter; net income falls 3%
January 13, 2017--BlackRock (BLK)'s assets under management reached $5.15 trillion as of Dec. 31, up 1% from three months earlier and up 11% from a year earlier, the firm said in its earnings statement released Friday.
read more
FSB publishes Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities
January 12, 2017--The Financial Stability Board (FSB) today published Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities.
The document sets out 14 final policy recommendations to address the following structural vulnerabilities from asset management activities that could potentially present financial stability risks:
read more
ETFGI reports ETFs/ETPs listed globally gathered record inflows of 389 billion US dollars and assets reached a new high of 3.546 trillion US dollars at the end of 2016
January 12, 2017--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high of US$3.546 trillion at the end of 2016 passing the prior record of US$3.444 trillion set at the end of November 2016.
read more
World Gold Council-The gold market in 2017
January 12, 2017--In 2016, investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high.
read more
Merk Gold Focus: Gold in Presidential Transition Years
January 12, 2017--We get a lot of questions on how gold will perform in 2017. While we have no crystal ball, we thought the tidbit below might be of interest to you as you evaluate whether adding a gold component might provide valuable diversification to your portfolio.
read more
World Economic Forum-The Global Risks Report 2017
Under-Employed, Under-Inclusive and Under Threat: the World in 2017
January 11, 2017--Trends such as rising income inequality and societal polarization triggered political change in 2016 and could exacerbate global risks in 2017 if urgent action is not taken, according to the Global Risks Report 2017
read more
State Street Global Advisors on 2017 Investment Outlook: Pivot To Find Growth amid Global Discord
January 10, 2017--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE: STT), today released its global market outlook and key investment themes for 2017. In the report, SSGA points to 2017 being another year with top-down global, political and policy developments that will have an outsized impact on investment returns.
read more
Global Growth Edges Up to 2.7 Percent Despite Weak Investment
January 10, 2017--Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, the World Bank said in a report released on Tuesday.
read more
World Gold Council-December Gold ETP holdings 4% lower month-on-month to 2,142.4t
January 10, 2017--At the end of December, total holdings in physically-backed gold exchange-traded products (ETPs) stood at 2,142.4t (68.9 moz), down 96.9t from November. In value terms, total holdings stood at US$78.9bn, 7% lower from a month earlier.
read more
ETF Securities Weekly Flows Analysis-Weaker US dollar boosts precious metals
January 9, 2017--Mixed economic data and minutes from the Federal Reserve's December meeting weighed on the US dollar, prompting US$69mn of inflows into precious metals.
read more
BCA Research Introduces Global ETF Strategy
January 9, 2017--Continues BCA's strategy to deliver end-to-end research solutions for the global investment community
read more
Fund Investors Found Commodities Golden in 2016
January 8, 2017--It was a big bounceback year for commodities funds, with precious metals the most popular
read more
ETF Securities-Precious Metals Monitor-December 2016
January 6, 2017--Key Highlights
Precious Metals in 2016: a strong year amid volatility and uncertainty Heading into 2016, precious metals faced many headwinds including a 3 year-long bear market of negative price returns and investor outflows, net negative investor sentiment in gold and silver positioning, and "ever-rising" interest rates as the Federal Reserve (Fed) sought to normalize the rate environment.
read more
Vanguard's US$305b take from investors in 2016 sets record
January 6, 2017--Vanguard Group, the world's largest mutual fund manager, said it attracted a record US$305 billion last year-an annual total that some firms need decades to reach.
read more
Lack of blockchain talent hindering implementation for 40% of firms
January 6, 2017--Survey finds just 6% of firms plan to support training to deal with lack of blockchain talent.
read more
DECPG Global Weekly-January 6, 2017
January 6, 2017--Taking Stock
U.S. non-farm job growth slowed in December, wages posted strong gains
Euro Area inflation rose to its highest level since 2013, economic activity strengthened
read more
Chart: How Every Commodity Performed in 2016
January 5, 2017--2016 Commodity Performance
It was an up and down year for commodities, but things ultimately finished in the black.
read more
Nasdaq's Friedman outlines blockchain goals
January 4, 2017--Newly appointed CEO at Nasdaq, Adena Friedman, says blockchain will be big focus for exchange operator in 2017.
read more
Younger investors most willing to pay for financial advice: Cerulli
January 4, 2017--While more investors overall are willing to pay for financial advice today, 79% of those aged 30 to 39 are interested in paying for financial help, according to a recent study
read more
Who's Afraid of the Fed? Not Investors in Junk Bond ETFs
January 4, 2017--Inflows into junk-bond exchange-traded funds surged last month, outpacing investment-grade for the first time in 2016.
read more
CBOE Holdings Reports Trading Volume for December and Full Year 2016
January 4, 2017--CBOE Holdings, Inc. (NASDAQ: CBOE) today reported December and full-year 2016 trading volume and average revenue per contract (RPC) data on its website under the Quotes & Data section.
read more
Investors in ETFs to Hedge Funds Bail on Gold as Equities Rally
December 3, 2017--SPDR Gold withdrawal reaches $2.27 billion, most since 2013
Money managers pare bullish bets to smallest since February.
read more
iShares Leads Global ETF Industry with Record Inflows of $140bn
Growth in 2016 powered by moves into bond, Core and smart beta ETFs
January 3, 2017--BlackRock's outlook for ETFs and Index Investing in 2017
BlackRock, Inc.'s (NYSE:BLK) iShares business led the global ETF industry in 2016, winning a record $140bn in new flows, powered by moves into bond, Core and smart beta ETFs.
read more
ETFs globally gather record cash in 2016 -BlackRock
January 3, 2017--Investors funneled $375 billion into exchange-traded funds in 2016, investment manager BlackRock Inc said on Tuesday, a global record that came as investors looked to cut costs.
read more
How to Add a Robo Without Cannibalizing Human Advice: Cerulli
January 3, 2017--The latest Cerulli report raises the questions that traditional advisory firms should answer before embarking on a robo offering
read more
Infographic-Bitcoin: The Top Performing Currency For a Second Year in a Row
January 3, 2017--Bitcoin is no stranger to extreme fluctuations.
read more
ETF Securities 2017 Outlook: Investing in a politically volatile landscape
January 3, 2017--Investing in a politically volatile landscape
Uncertainty surrounding the global political landscape and a move towards more populist leaders in the developed world will continue to be a key driver of financial market volatility in 2017.
read more
Jain Joins Cantor as President in Post-Deutsche Bank Restart
January 2, 2017--Anshu Jain, the former Deutsche Bank AG co-chief executive officer, is joining Cantor Fitzgerald LP as president, restarting his career at a much smaller firm after leaving Germany's largest bank amid mounting legal and regulatory problems.
read more
Bitcoin becomes best-performing currency 2016
January 2, 2017-The virtual currency has continued its breathtaking rise surging past $1,000, after already winning the crown of the best-performing currency in 2016 by more than doubling its value in the course of the year.
read more
BNY Mellon-Financial Markets in 2017
December 30, 2016--U.S. dollar strength. Chinese financial policy. European political uncertainty: Simon Derrick reviews key factors impacting markets.
read more
ETFGI reports assets invested in Smart Beta equity ETFs/ETPs listed globally reached a new record high of 497 billion US dollars at the end of November 2016
December 30, 2016--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in smart beta equity ETFs/ETPs listed in globally reached a new record high US$497 billion at the end of November 2016, according to data from ETFGI's November 2016 global smart beta equity ETF and ETP industry insights report.
read more
ETFGI reports assets invested in active ETFs/ETPs listed globally reached a new record high of 42 billion US dollars at the end of November 2016
December 30, 2016--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in active ETFs/ETPs listed globally reached a new record high US$42 billion at the end of November 2016, according to data from ETFGI's November 2016 global active ETF and ETP industry insights report.
read more
US mutual fund launches hit by changing landscape
December 29, 2016--Industry shrinks in 2016 as investors begin to shift into exchange traded funds.
read more
Infographic-Most Traded Currencies in 2016
December 28, 2016--Have you ever wondered which currencies receive the most trading action? The data for the following chart comes from a survey done every three years by the Bank of International Settlements (BIS).
read more