The global economy has built a tangled and tortuous financial system model at a pace arduous to manage. After the financial crisis which was widely recognized in 2008, the International Monetary Fund (IMF) made several attempts to create an effective financial system. However, the organization...

Desde el estallido de la crisis económica mundial en 2007, el FMI se ha movilizado en numerosos frentes para brindar respaldo a sus 188 países miembros. Incrementó y desplegó la potencia de fuego de sus préstamos, aprovechó su experiencia en diferentes países para ofrecer soluciones de...

The National Bank of the Republic of North Macedonia (NBRNM) is implementing advanced transparency practices. The long-standing commitment to transparency noted by a number of stakeholders and forcefully re-affirmed in the recent period is well anchored in the law, and it has been designated by...

Given the growing real and financial integration of economies worldwide, there is a need for the presence of supranational mechanisms to address crisis situations. The International Monetary Fund (IMF) is the multilateral institution at the core of the global financial safety net (GFSN). The...

This chapter presents a comparative analysis of the background, governance and economic impacts of two existing short-term liquidity mechanisms, the Chiang Mai Initiative Multilateralization (CMIM) and the Latin American Reserve Fund (referred to by its better-known Spanish acronym, FLAR - Fondo...

The global financial crisis led to the world-wide economic and financial uncertainty and instability. Currencies throughout the world got disbalanced and became unstable. This research paper is designed in a respect of promotion of currency stability with reference to International Monetary Fund...

The Central Bank of Chile (CBC) has implemented broadly advanced transparency practices. This reflects the CBC's strong public commitment to transparency, which is anchored in the law and has been designated by the CBC as a strategic objective to fulfill its mandate. This policy has earned the...

In this paper, we examine the IMF's role in maintaining the access of emerging market economies to international capital markets. We find evidence that both macroeconomic aggregates and capital flows improve following the adoption of an IMF program, although they may initially deteriorate...