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cooperation between regional institutions and the International Monetary Fund (IMF). While the case for coordination between … appreciated. The relatively successful cooperation among the European Commission, European Central Bank, and IMF on the European … debt crisis is not likely to be easily replicated in joint programs for countries in other regions, moreover, and the costs …
Persistent link: https://www.econbiz.de/10008873252
International Monetary Fund (IMF) have aimed to consistently speak with one voice vis-à-vis their member governments. However …
Persistent link: https://www.econbiz.de/10005585596
This paper traces the evolution of the Federal Reserve and its engagement with the global economy over the last three decades of the 20th century: 1970 to 2000. The paper examines the Federal Reserve’s role in international economic and financial policy and analysis covering four areas: the...
Persistent link: https://www.econbiz.de/10010889808
The International Monetary Fund (IMF) plays a substantial regulatory role in the international monetary and financial … system. The IMF has been assigned a formal regulatory role in a limited number of areas such as obligations covering exchange … surveillance over members’ financial sector policies and international payments imbalances. The IMF’s regulatory role is unlike …
Persistent link: https://www.econbiz.de/10008458219
obligations on exchange rate policy as a member of the International Monetary Fund (IMF). I then discuss why the lack of progress … China, the United States, and the IMF to accelerate progress over the next year or two. …
Persistent link: https://www.econbiz.de/10005627704
This paper addresses two central questions for Asia and the world: (1) What is the purpose of Asian regional policy coordination going forward? (2) Will Asian regional policy coordination substitute or complement global policy coordination? The paper examines the potential coverage and content...
Persistent link: https://www.econbiz.de/10009371326
Fund (IMF). Author Edwin M. Truman advocates a substantial expansion of the IMF's role as lender of last resort that is … integrated with the surveillance role of the IMF in the form of comprehensive prequalification for IMF assistance and policy … advice and a substantial increase in the IMF's financial resources. Truman also propose an approach to meaningful reform of …
Persistent link: https://www.econbiz.de/10008642738
Scholarship on European integration has extensively debated the external character of the monetary union. The institutions of exchange rate policymaking bear substantially on the euro area’s role in international monetary conflict and cooperation. This working paper examines the institutional...
Persistent link: https://www.econbiz.de/10005627706
In the first decade of the 21st century the International Monetary Fund (IMF) faced crises of legitimacy, relevance … about the modest package of IMF reforms that was completed in the spring of 2008. The package requires US congressional … approval to go into effect. This paper reviews the recent, slow progress on IMF reform and makes recommendations to the Obama …
Persistent link: https://www.econbiz.de/10005627739
This paper argues that the way in which China is portrayed in the revived Bretton Woods thesis (BW2) is not consistent with several important trends in, and features of, the Chinese economy; nor does the strategy in the BW2 seem sensible for China's long-term economic development. Whether it is...
Persistent link: https://www.econbiz.de/10005627742