Unwinding financial sector interventions : preconditions and practical considerations : proceedings of a High-Level IMF Conference : December 2009

As the financial crisis abates, governments are faced with the challenge of balancing the withdrawal of fiscal support with reestablishing sound public finances and sustainable growth. This volume presents papers from an IMF-sponsored conference of senior policymakers, academics, and senior representatives of the private sector on unwinding public interventions initiated during the crisis. There was broad agreement that the main goal of any strategy for unwinding such interventions should be to create price stability, fiscal sustainability, and a new economic landscape that is much safer than currently exists. Different perspectives on the timing and sequence of the exit process are presented and some guiding principles for exit strategies are discussed. Policy objectives, unwinding public support to banks, and dealing with risky assets purchased by central banks are among topics discussed in detail. The volume also presents views on what the new financial landscape will look like.--Publisher's description. The financial crisis : where are we now, and what are the prospects for unwinding public interventions in the financial sector? Managing fiscal risks : public finance aspects of unwinding Financial sector interventions : identifying preconditions and practical considerations for unwinding liquidity support and guarantees Financial crisis-related assets : practical considerations for restoring private control.