The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the...

The guide, prepared by eight international finance organizations participating in the Inter-Agency Task Force on Finance Statistics, updates the previous international guidelines on external debt statistics, "External Debt: Definition, Statistical Coverage and Methodology," published in 1988....