Resuming Virtuous Financial Integration, by José Viñals, Financial Counsellor and Director, International Monetary Fund, Launch of the IMF-Staff Book “From Fragmentation to Financial Integration in Europe”

Resuming Virtuous Financial Integration, by José Viñals, Financial Counsellor and Director, International Monetary Fund, Launch of the IMF-Staff Book “From Fragmentation to Financial Integration in Europe”: "The global crisis has taught us that preserving financial stability should be a top priority. It has shown that the health of a country’s financial sector has far-reaching implications for the health of its economy and that of other countries.
Financial stability has been a core concern of the IMF, exemplified by the fact that the IMF has been conducting financial stability assessments at the country-level since 1999, through the so-called FSAPs.
These FSAPs are part of the IMF’s financial sector surveillance and serve to detect vulnerabilities and systemic risks, and to help countries adjust their policies and institutional frameworks to prevent and manage financial crises."



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