This paper proposes updating and improving the IMF’s lending mechanism, by replacing all of its credit lines with a … mechanism, more readily adaptable to borrowers’ needs, stronger incentives to avoid excessive use of IMF resources and equitable …

powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …

This paper briefly reviews the IMF’s current practices and policy-making in the context of a proposed quadrupling of … IMF resources to $1 trillion dollars, and a consequent increase in the Fund’s influence over economic policy-making in … developing countries. It finds that the IMF is still prescribing inappropriate policies that could unnecessarily exacerbate …

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 … of coordination failure could be very large. Recent innovations at the IMF, on the other hand, present opportunities for …

This paper proposes updating and improving the IMF's lending mechanism, by replacing all of its credit lines with a … mechanism, more readily adaptable to borrowers' needs, stronger incentives to avoid excessive use of IMF resources and equitable …

An environment for the activities of the International Monetary Fund (the IMF) has fundamentally changed over the two … financial governance, which so far has been left behind the development of markets. The IMF is mandated to play a central role …

The paper examines the recent European crisis management programs of the International Monetary Fund (IMF) to see how … the way the IMF does its business, Asia appears to remain unengaged. The lesson Asia should draw from Europe is that it … should build a strong regional institution to complement, and catalyze the involvement of, the IMF. Only then can the lessons …

This paper reviews the most recent issues in the ongoing debate on the reform of the International Monetary Fund (IMF …). The Fund has recognized that IMF surveillance should put greater weight on analyzing and discussing global economic issues …-specific. Exchange rates and policies should also be the focus of renewed interest. Moreover, there is no doubt that IMF quotas will have …

This paper considers the key policy issues related to liberalization of trade in financial services that the IMF should … be concerned with, and the role the IMF has played in advising on policies related to trade in financial services in its … bilateral and multilateral surveillance and conditionality attached to lending programs. IMF staff were generally aware of the …