Just as a family backstops its savings with insurance, countries should be able to tap into a global financial safety net.

British politicians responded by reforming the social safety net.

Financial Safety Nets for Asia

But that private sector safety net of savings is fraying.

This was a high risk strategy without a safety net.

And we can use them also as a safety net.

To achieve permanent urbanization, China must develop a new safety net.

Appropriate social safety net mechanisms must therefore be put into place.

Further, the international financial institutions must be made sensitive to the social safety net factor and to the adverse effects of adjustments required by them.

A fully capable regional financial safety net could contain the contagion of financial shocks emanating from individual economies and prevent disruptions to the region s key growth drivers intra regional trade and investment.

The so called safety net has suffered accordingly, as have America s poor.

A governmental commitment to exclude derivative creditors from any safety net extended when financial institutions fail would reduce future costs to taxpayers from cases like AIG.

Figure II. Aggregate net long term financial transfers

This reflects the fact that the multilateral financial institutions are no longer providing net financial resources to developing countries, but are currently net recipients of financial resources.

To respond effectively to crises, East Asian countries must continue to improve the regional financial safety net and surveillance mechanism, while strengthening their cooperation with the IMF.

(e) Safety net or welfare provisions form one aspect of social development policy.

And so without a safety net, to have something parallel on your timeline.

Eighty percent of the people in the world have no food safety net.

II. TRENDS IN THE NET FINANCIAL TRANSFER TO DEVELOPING

11 The net transfer on financial resources is defined as the difference between net capital inflows and net international payments to capital.

Individuals are more willing to take risks if there is a good safety net.

It is clear that without an enduring safety net there are no safe havens .

In the future, governments should not bail out failing financial institutions derivative counterparties, even when they provide a safety net to some of these institutions creditors (such as depositors).

The increase in net financial outflows from that group of countries and the fact that the multilateral financial institutions had become net financial transfer recipients were a cause of grave concern.

II. TRENDS IN THE NET FINANCIAL TRANSFER TO DEVELOPING COUNTRIES

The ASEAN framework acts as a safety net and mutual commercial interests should ultimately prevail.

Government spending remains large enough to guarantee reasonable public services and a social safety net.

Indeed, bailouts of failed institutions should never extend the government s safety net to such counterparties.

Implement the Social Safety Net program with special attention to ensure equality of women participation.

Even as America has stripped away its safety net for people, it has strengthened the safety net for firms, evidenced so clearly in the Great Recession with the bailouts of AIG, Goldman Sachs, and other banks.

Safety Nets The government's safety net programmes includes food subsidies, food support programmes, Tawana Pakistan, and low cost housing, the Pakistan Baitul Mal etc.

They also appreciate the need to build a social safety net and strengthen rural property rights.

For the most part, they resembled high wire artists juggling borrowed money without a safety net.

They also underscore Asian economies need for stronger financial safety nets.

This would include issues such as mandates, safety, and financial management.

In particular, the government s safety net should never be extended to include the bondholders of such institutions.

An adequately funded safety net could go a long way in tempering the expectations underlying this behavior.

Those very doubts undermine the credibility of the safety net that has been supporting the European periphery.

Table 3 Selected multilateral financial institutions net transfers of resources, 1990 2004a

Perversely, some developing countries have now become net exporters of financial resources.

To be sure, building a social safety net, developing financial markets, and strengthening corporate governance to encourage state enterprises to pay out more of what they earn would encourage Chinese households to consume.

This means that the multilateral financial institutions are no longer providing net financial resources to developing countries, but are currently net recipients of financial resources that are needed by these countries to achieve the Millennium Development Goals.3

As most of today s financial, environmental, or sanitary crises are unpredictable and ignore borders, it is in everyone s interest to create a global social safety net that will span an indefinite period of time.

Thus, when a large financial firm runs into problems that require a government bailout, the government should be prepared to provide a safety net to depositors and depositor like creditors, but not to bondholders.

The assumption that the German economy will accelerate out of its current crawl is essential to confidence in Europe s financial safety net, and to a banking union that credibly shares risks across the eurozone.