02249cas a2200241 a 4500 AALejournalIMF011234 230101c9999 xx r poo 0 0eng d 50.00 USD 9781616352103 2219-276X BD-DhAAL BD-DhAAL International Monetary Fund. Fiscal Affairs Dept. Fiscal Monitor, September 2011 : Addressing Fiscal Challenges to Reduce Economic Risks. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (90 pages) Fiscal Monitor <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Despite progress in addressing key fiscal weaknesses in many countries, significant policy challenges remain in advanced, emerging, and low-income economies, and must be faced in an environment where downside risks to growth have increased. Many advanced economies face very large adjustment needs to reduce risks related to high debt ratios. The appropriate pace of adjustment in the short run will depend, for each country, on the intensity of the market pressure it confronts, the magnitude of the risks to growth it faces, and the credibility of its medium-term program. The euro area needs to sustain fiscal consolidation, minimize its growth fallout, and address concerns about the adequacy of crisis resolution mechanisms. In Japan and the United States, sufficiently detailed and ambitious plans to reduce deficits and debts are needed to prevent credibility from weakening. Meanwhile, many emerging economies need to make faster progress in strengthening fiscal fundamentals before cyclical factors or spillovers from advanced economies turn against them. Low-income countries also need to rebuild fiscal buffers, while addressing spending needs. Mode of access: Internet Fiscal Monitor; Fiscal Monitor ; No. 2011/002 Full text available on IMF http://elibrary.imf.org/view/books/089/12099-9781616352103-en/12099-9781616352103-en-book.xml IMF e-Library