{
  "title": "Cross-Cutting Themes in Major Article IV Consultations",
  "publication": "Policy Papers, August 14, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362",
  "canonical": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362",
  "overlayPath": "/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/index.md",
  "summary": "This paper is part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance, taking advantage of a cluster of Article IV consultations with five systemically important economies concluded in July.",
  "sections": [
    {
      "heading": "Purpose and Scope",
      "content": "- Part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance.\n- Takes advantage of a cluster of Article IV consultations with five systemically important economies concluded in July."
    },
    {
      "heading": "Systemic Five (S5) — Composition and Economic Weight",
      "content": "- The five economies: the United States, the Euro area, China, Japan, and the United Kingdom.\n- These five economies account for two-thirds of global output and three quarters of capital flows.\n- Referred to collectively as the systemic five (S5)."
    },
    {
      "heading": "Key Insight",
      "content": "- The nature of linkages and consistency of policy responses across the S5 has important implications for the world economy."
    },
    {
      "heading": "Topics Covered (as listed in source)",
      "content": "- Article IV consultations\n- Background papers\n- Banking systems\n- Credit risk\n- Europe\n- Financial crisis\n- Fiscal policy\n- Global Financial Crisis 2008-2009\n- Japan\n- Monetary policy\n- Risk management\n- Spillovers\n- Staff studies in progress\n- United States"
    },
    {
      "heading": "Publication Metadata",
      "content": "- Publication date: August 14, 2009\n\nSource: Cross-Cutting Themes in Major Article IV Consultations (International Monetary Fund).\n\n---\n\n Content in this bundle\n\n- Cross-Cutting Themes in Major Article IV Consultations; IMF Policy Paper; August 14, 2009\n  - Cross-Cutting Themes in Major Article IV Consultations; IMF Policy Paper; August 14, 2009 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cross-Cutting Themes in Major Article IV Consultations; IMF Policy Paper; August 14, 2009 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/index.md)",
    "[Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/index.json)",
    "[Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/bundle-manifest.json)",
    "Published: August 14, 2009",
    "Series: Policy Papers",
    "Part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance.",
    "Takes advantage of a cluster of Article IV consultations with five systemically important economies concluded in July.",
    "The five economies: the United States, the Euro area, China, Japan, and the United Kingdom.",
    "These five economies account for two-thirds of global output and three quarters of capital flows.",
    "Referred to collectively as the systemic five (S5).",
    "The nature of linkages and consistency of policy responses across the S5 has important implications for the world economy.",
    "Article IV consultations",
    "Background papers",
    "Banking systems",
    "Credit risk",
    "Europe",
    "Financial crisis",
    "Fiscal policy",
    "Global Financial Crisis 2008-2009",
    "Japan",
    "Monetary policy",
    "Risk management",
    "Spillovers",
    "Staff studies in progress",
    "United States",
    "Publication date: August 14, 2009",
    "**Cross-Cutting Themes in Major Article IV Consultations; IMF Policy Paper; August 14, 2009**"
  ],
  "related": [
    {
      "title": "Cross-Cutting Themes in Major Article IV Consultations; IMF Policy Paper; August 14, 2009",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2009/_081409.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2009/_081409.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2009/_081409.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/index.md",
    "json": "/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/index.json",
    "bundleManifest": "/en/publications/policy-papers/issues/2016/12/31/cross-cutting-themes-in-major-article-iv-consultations-pp4362/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-18T21:05:19.333Z"
}