2011 Triennial Surveillance Review - Overview Paper
2011 Triennial Surveillance Review - Overview Paper

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2011-08-29

Total Pages: 31

ISBN-13: 1498338526

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This paper assesses progress in strengthening Fund surveillance and identifies needed improvements. It differs from past reviews insofar as it: (A) encompasses not only bilateral but also multilateral surveillance; and (B) steps-up external inputs in the form of studies by outside observers, commentaries, and assessment of recommendations by an external advisory group.

2011 Triennial Surveillance Review - Review of the 2007 Surveillance Decision and the Broader Legal Framework for Surveillance
2011 Triennial Surveillance Review - Review of the 2007 Surveillance Decision and the Broader Legal Framework for Surveillance

Author: International Monetary Fund. Legal Dept.

Publisher: International Monetary Fund

Published: 2011-08-26

Total Pages: 19

ISBN-13: 1498338534

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This paper reviews the 2007 Surveillance Decision and the broader legal framework for surveillance. While the 2007 Surveillance Decision on Bilateral Surveillance over Members’ Policies (thereafter, the 2007 Decision) requires the Fund to review the decision itself, this paper takes a broader view. It recognizes that the 2007 Decision cannot be assessed in isolation from the legal framework it derives from, i.e., the Articles of Agreement, and that a debate on the adequacy of this broader framework is also necessary. The paper therefore discusses the strengths and limitations of the current system as set out in both the Articles of Agreement (primarily, Article IV) and the 2007 Decision and explores options going forward.

2011 Triennial Surveillance Review - Staff Background Studies
2011 Triennial Surveillance Review - Staff Background Studies

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2011-08-26

Total Pages: 97

ISBN-13: 1498338569

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This paper evaluates the IMF’s exchange rate analysis since the 2008 TSR. It focuses on the evolution of methods, the quality of the IMF‘s multilateral and bilateral exchange rate analysis, the evenhandedness and transparency of this analysis, and the need to improve the coverage and integration of external stability assessments.

2011 Triennial Surveillance Review - Report of the External Advisory Group
2011 Triennial Surveillance Review - Report of the External Advisory Group

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-08-31

Total Pages: 9

ISBN-13: 149833850X

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This report was prepared by the External Advisory Group (EAG) for the 2011 Triennial Surveillance Review (TSR). The Group comprised the following members: Shankar Acharya, Marc Antoine Autheman, Kemal Dervis, Martin Hellwig, Takatoshi Ito, David Li, Pedro Malan, Stephen Pickford, Chukwuma Charles Soludo, Umayya Toukan, and Edwin Truman. The EAG was set up to provide an independent check on staff’s analysis and recommendations which are set out in the 2011 Triennial Surveillance Review—Overview Paper. The EAG contributed in written form and met twice during the course of the Triennial Surveillance Review (TSR)—on April 18 and July 29, 2011—to discuss the direction, emerging findings, and recommendations of the review.

2008 Triennial Surveillance Review - Overview Paper
2008 Triennial Surveillance Review - Overview Paper

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2008-02-09

Total Pages: 30

ISBN-13: 1498334261

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This triennial surveillance review (TSR) takes place in a time of change, with the Fund in the midst of a major refocusing effort. That surveillance has not been as effective as it should be has been amply documented, notably in previous surveillance reviews and several IEO evaluations. Since the 2004 review of bilateral surveillance (BSR), considerable efforts have been made to enhance its effectiveness, including an overhaul of the policy framework with the adoption of a new Surveillance Decision in 2007. And as part of the refocusing effort, more change is underway to deliver on the Managing Director’s vision of an institution making better use of its comparative advantage, to be “more alert to emerging issues, more critical in its assessments (especially in good times), and more assertive in communicating its concerns.”

2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Confronting Risks and Uncertainties
2021 Comprehensive Surveillance Review— Background Paper on The Surveillance Priority Confronting Risks and Uncertainties

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-05-18

Total Pages: 31

ISBN-13: 1513578618

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The coverage of risks has become more systematic since the Global Financial Crisis (GFC): staff reports now regularly identify major risks and provide an assessment of their likelihood and economic impact, summarized in Risk Assessment Matrices (RAM). But still limited attention is paid to the range of possible outcomes. Also, risk identification is useful only so much as to inform policy design to preemptively respond to relevant risks and/or better prepare for them. In this regard, policy recommendations in surveillance could be richer in considering various risk management approaches. To this end, progress is needed on two dimensions: • Increasing emphasis on the range of potential outcomes to improve policy design. • Encouraging more proactive policy advice on how to manage risks. Efforts should continue to leverage internal and external resources to support risk analysis and advice in surveillance.

One Year After the 2011 Triennial Surveillance Review - Progress Report
One Year After the 2011 Triennial Surveillance Review - Progress Report

Author: International Monetary Fund. Strategy, Policy, & Review Department

Publisher: International Monetary Fund

Published: 2012-05-11

Total Pages: 26

ISBN-13: 1498339689

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This progress report provides a short update on the first year of implementation of the 2011 Triennial Surveillance Review (TSR) in line with the Managing Director’s Statement on Strengthening Surveillance of October 2011. The report does not provide a comprehensive review of surveillance—which will be done in the 2014 TSR. Instead, its purpose is to establish, at an early stage, whether the new operational priorities are being implemented, set out key areas of progress, and discuss the challenges raised in their implementation. The report also identifies areas where further efforts may need to be directed—particularly following the change to the legal framework—to ensure even implementation and delivery of effective surveillance. The report recognizes that, while some measures have been implemented over the past year, others will take more time to come to fruition.

The Trade Policy Review Mechanism
The Trade Policy Review Mechanism

Author: Mathias Kende

Publisher: Oxford University Press

Published: 2018-02-09

Total Pages: 332

ISBN-13: 0192549758

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The WTO's Trade Policy Review Mechanism, which reviews the trade policies and practices of each WTO member at regular intervals, is generally considered to function well. In this day and age, complacency is unwise. Examining trade policy reviews throughout the lifetime of the TPRM, this book details its evolution from Article X of the General Agreement on Tariffs and Trade to the proposed modifications resulting from the mechanism's latest appraisal, examining the budgetary capabilities and technical performance of all the main entities who participate in the reviews. On the basis of these considerations, the author concludes that in order to remain relevant, especially in times of increased global protectionism, the TPRM could, and should do better, and provides unique and timely suggestions for reform.