Review of the Fund's Mandate - Follow-Up on Modernizing Surveillance
Review of the Fund's Mandate - Follow-Up on Modernizing Surveillance

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2010-08-25

Total Pages: 18

ISBN-13: 1498337082

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The paper reviews the adequacy of the Fund’s precautionary balances and proposes a more transparent and rules-based framework for adjusting the precautionary balance target through time. The framework seeks to provide sufficient flexibility to capture the main elements considered relevant by the Board in the past when setting the target and draws on approaches followed by other IFIs, adapted to the particular circumstances of the Fund.

Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - May 24, 2010
Statement by the Managing Director on the Work Program of the Executive Board - Executive Board Meeting - May 24, 2010

Author: International Monetary Fund. Finance Dept.

Publisher: International Monetary Fund

Published: 2010-06-07

Total Pages: 15

ISBN-13: 1498337333

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This report by the external panel of experts (“the panel”) examines the effectiveness and appropriateness of the safeguards policy over the ten years since the inception of the policy, and most particularly in the five years since its last review. Furthermore, the panel, drawing on its research and experience, aims to establish a course for the Executive Board to consider that would help the safeguards policy continually improve, adapt to changing world conditions, and remain viable and relevant for the next decade. In gathering data to form its opinion, the panel (i) consulted with stakeholders in the policy (including central bank authorities, IMF Executive Directors’ offices, Fund and World Bank staff, and international audit firms), (ii) examined safeguards and other Fund-specific documents, and (iii) researched international reference materials.

2011 Triennial Surveillance Review and Review of the 2007 Decision - Concept
2011 Triennial Surveillance Review and Review of the 2007 Decision - Concept

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2011-02-14

Total Pages: 8

ISBN-13: 1498339395

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Over the past three years, the IMF has worked to assist members in addressing the repercussions of the global financial crisis while also tackling gaps in its surveillance framework that the crisis laid bare. This reform agenda has drawn extensively from the recommendations of the 2008 Triennial Surveillance Review (TSR), as well as subsequent IMF and IEO reviews of the Fund's performance in the run-up to the crisis. This TSR provides an opportunity to take stock of the steps taken and to assess recent experience with surveillance.

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.

Proposed Decision on Article IV Consultation Cycles
Proposed Decision on Article IV Consultation Cycles

Author: International Monetary Fund. Legal Dept.

Publisher: International Monetary Fund

Published: 2010-09-21

Total Pages: 9

ISBN-13: 1498336817

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The proposed Decision seeks to implement the staff’s proposals related to Article IV consultation cycles in Review of the Fund’s Mandate—Follow-Up on Modernizing Surveillance, which were endorsed in principle by the Executive Board on September 1, 2010. The goal is to provide for greater flexibility in consultation cycles and simplify the rules governing consultation cycles for members under a Fund arrangement or Policy Support Instrument (PSI).

2021 Comprehensive Surveillance Review— Modalities for Modernizing Surveillance
2021 Comprehensive Surveillance Review— Modalities for Modernizing Surveillance

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-05-18

Total Pages: 31

ISBN-13: 1513578472

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Modern Fund surveillance needs to be more targeted, topical and timely, better interconnected and better informed. Modernizing surveillance will likely require additional resources, although estimates are highly uncertain at this stage. The paper offers a tentative costing of new proposals with significant budgetary implications. Other proposals could rely on optimizing processes, while others are underway and funded separately; the resource implications of yet others are being picked up in context of other workstreams. Estimates do not include short-term transition costs or pressures on support services and are subject to a significant degree of uncertainty. A flexible approach to implementing the new modalities, characterized by experimentation and learning-by- doing—a “sandbox” for new modalities—is proposed.

International Economic Law and Monetary Measures
International Economic Law and Monetary Measures

Author: Annamaria Viterbo

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 369

ISBN-13: 1781002614

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The 20072010 global financial crisis re-opened the debate on the reform of the international monetary and financial system. This well-argued book demonstrates the strategic role of international economic law (IEL) in ensuring international monetary stability and global financial stability. After discussing the current allocation of powers among IEL institutions, Annamaria Viterbo focuses on monetary measures: exchange restrictions, capital controls and exchange rate manipulations. These three fundamental topics are then examined through the lens of a multi-layered methodology, adopting perspectives from international monetary law, trade law and investment law. The author evaluates how the horizontal sectors in which IEL is traditionally divided interact and how conflicts between norms are avoided or solved. Particular attention is also devoted to the outcomes of trade and investment disputes that deal with monetary measures. International Economic Law and Monetary Measures will appeal to international trade law and international financial law scholars as well as law and business students. Legal practitioners and officials working in the field of international economic law will find it a useful reference, as will legal counsel in banks and financial institutions, international investors and multinational corporations.

The Impact of the Global Financial Crisis on Emerging Financial Markets
The Impact of the Global Financial Crisis on Emerging Financial Markets

Author: Jonathan Batten

Publisher: Emerald Group Publishing

Published: 2011-03-02

Total Pages: 745

ISBN-13: 0857247530

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The Global Financial Crisis of 2007-2009 has highlighted the resilience of the financial markets and economies from the developing world. This title investigates and assesses the impact and response to the crisis from an emerging markets perspective including asset pricing, contagion, financial intermediation, market structure and regulation.

Global Governance in Crisis
Global Governance in Crisis

Author: Andre Broome

Publisher: Routledge

Published: 2017-10-02

Total Pages: 224

ISBN-13: 1317542126

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New practices and institutions of global governance are often one of the most enduring consequences of global crises. The contemporary architecture of global governance has been widely criticized for failing to prevent the global financial crisis and Eurozone debt crises, for failing to provide robust international crisis management and leadership, and for failing to generate a consensus around new ideas for regulating markets in the broader public interest. Global Governance in Crisis explores the impact of the global financial crisis of 2008-2009 on the architecture and practice of contemporary global governance, and traces the long-term implications of the crisis for the future of the global order. Combining innovative theoretical approaches with rich empirical cases, the book examines how the impact of the global financial crisis has played out across a range of global governance domains, including development, finance and debt, trade, and security. This book was published as a special issue of Global Society.

Handbook of the International Political Economy of Monetary Relations
Handbook of the International Political Economy of Monetary Relations

Author: Thomas Oatley

Publisher: Edward Elgar Publishing

Published: 2014-06-27

Total Pages: 507

ISBN-13: 0857938371

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This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t