surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … for IMF surveillance. For a set of emerging market economies, the paper finds that financial markets react more favorable … to PIN releases for politically influential member countries. Moreover, IMF surveillance appears to be systematically …

surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … for IMF surveillance. For a set of emerging market economies, the paper finds that financial markets react more favorable … to PIN releases for politically influential member countries. Moreover, IMF surveillance appears to be systematically …

surveillance emerging as a key function. The paper analyses how IMF surveillance announcements may be influenced by political power … for IMF surveillance. For a set of emerging market economies, the paper finds that financial markets react more favorable … to PIN releases for politically influential member countries. Moreover, IMF surveillance appears to be systematically …

economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and … discuss issues relevant to strengthening their surveillance activities for making appropriate policy recommendations and … in the two countries, were missed almost entirely. In the light of this review, suggestions for improving surveillance …

We analyze the IMF as a lender to countries in financial distress highlighting the fact that it is a senior creditor … able to reach the socially optimal solution. This would require the IMF not to intervene when the crisis is severe enough …. However, a commitment device might be needed to achieve the socially optimal solution. If IMF lending were done for all shocks …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively “new” IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively "new" IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …