This volume book brings together nine background papers prepared for an evaluation by the IMF Independent Evaluation Office of 'the IMF and the crises in Greece, Ireland, and Portugal.' It presents an authoritative work on the evolving relationship between the IMF and the euro area, a common...

Executive summary -- 1. Introduction -- 2. IMF advocacy of unconventional monetary policies -- 3. Advice to major advanced economies -- 4. Advice to smaller advanced economies -- 5. Advice to emerging market economies -- 6. Fostering international monetary cooperation -- 7. Frontier central...

Executive summary -- 1. Introduction -- 2. IMF financial surveillance : evolution and challenges -- 3. Bilateral surveillance -- 4. Multilateral surveillance -- 5. Analytical toolkit -- 6. Talent management -- 7. Conclusions and recommendations.

The benefits of independent evaluation in international financial institutions have long been recognized. However, independent evaluation in these organizations is of increased relevance during uncertain times that call for more credible and legitimate institutions. While evaluation has long...