## iMFdirect--Must Reads on Global Finance and Budgets

_IMF Blog, January 3, 2011_

## Source details

**Canonical URL:** [iMFdirect--Must Reads on Global Finance and Budgets](https://www.imf.org/en/blogs/articles/2011/01/03/imfdirect-must-reads-on-global-finance-and-budgets)

## Other formats

- [Markdown version](/en/blogs/articles/2011/01/03/imfdirect-must-reads-on-global-finance-and-budgets/index.md)
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## Bibliographic details
- Published: January 3, 2011

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### Overview
- Publication date: January 3, 2011
- Theme: Financial sector stability; a quick review of 2010’s hot topics in the global economy.
- Purpose: iMF Direct Blog's curated list of must read posts covering the highs and lows of global finance and government budgets and spending.

### Must-read posts (curated list)
- The Ten Commandments for advanced economies to keep the economic recovery on track
- The financial world remains the Achilles Heel of the global economic recovery
- We explain the right mix of ingredients for countries to provide sufficient support to economic activity, and reassure markets in How to Bake a Fiscal Pie
- Fixing the financial sector - Just Do It
- Stable prices and financial stability go hand in hand, or do they? A Marriage Made in Heaven or Hell
- What Must Be Done – the top five reforms to the financial system
- When it comes to supervising the financial rules of the global economy, It’s Hip to Be Square
- Watch This Fiscal Space to figure out how much room to maneuver governments have when it comes to controlling debt and deficits
- Financial markets and regulators need to break their Credit Rating Addiction
- The global financial tornado means We’re Not in Kansas Anymore, but what will the future financial system look like?

### Key themes and takeaways
- Emphasis on financial sector stability as central to the global economic recovery.
- Fiscal policy design: guidance on the “right mix of ingredients” to support activity while reassuring markets.
- Banking and regulatory reform: multiple posts advocating concrete reforms and stronger supervision.
- Fiscal space analysis: assessing how much room governments have to control debt and deficits.
- Concerns about market practices: critique of overreliance on credit ratings.
- Forward-looking framing: exploring the shape of the future financial system after the global financial tornado.

*Source: iMFdirect--Must Reads on Global Finance and Budgets (January 3, 2011)*

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## References

- [Ten Commandments](http://blogs.imf.org/2010/06/24/ten-commandments-for-fiscal-adjustment-in-advanced-economies/)
- [Achilles Heel](http://blogs.imf.org/2010/10/05/financial-system-fragilities-%e2%80%93-achilles%e2%80%99-heel-of-economic-recovery/)
- [How to Bake a Fiscal Pie](http://blogs.imf.org/2010/11/04/how-to-bake-a-credible-medium-term-fiscal-pie/)
- [A Marriage Made in Heaven or Hell](http://blogs.imf.org/2010/07/20/a-marriage-made-in-heaven-or-hell-monetary-and-financial-stability/)
- [What Must Be Done](http://blogs.imf.org/2010/07/05/financial-reform-what-must-be-done/)
- [It’s Hip to Be Square](http://blogs.imf.org/2010/05/27/it%e2%80%99s-hip-to-be-square%e2%80%94why-good-financial-sector-supervision-is-important/)
- [Watch This Fiscal Space](http://blogs.imf.org/2010/09/01/watch-this-fiscal-space-assessing-room-for-fiscal-maneuver-in-advanced-countries/)
- [Credit Rating Addiction](http://blogs.imf.org/2010/09/30/end-the-credit-rating-addiction/)
- [We’re Not in Kansas Anymore](http://blogs.imf.org/2010/08/16/toto-we%e2%80%99re-not-in-kansas-anymore-exploring-the-post-tornado-contours-of-the-financial-system/)

_Source: https://www.imf.org/en/blogs/articles/2011/01/03/imfdirect-must-reads-on-global-finance-and-budgets_