international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF … transactions, which would require someone-like the IMF-to act as market maker. It considers proposals for reimposing Glass …. Again there is likely to be a role for the IMF. Then there are arguments for a new agency or institution to deal with cross …

Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing … financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of … building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to …

This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and …-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to … following publication of IMF country documents. …