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Author : Jacques R. Artus,Andrew Crockett
Publisher : Unknown
Page : 52 pages
File Size : 44,8 Mb
Release : 1978
Category : Business & Economics
ISBN : UOM:49015001166199
Author : Mr.Morris Goldstein,Mr.Andrew Crockett
Publisher : International Monetary Fund
Page : 100 pages
File Size : 51,9 Mb
Release : 1987-02-26
Category : Business & Economics
ISBN : 0939934760
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.
Author : International Monetary Fund. Legal Dept.,International Monetary Fund. Research Dept.,International Monetary Fund. Statistics Dept.,International Monetary Fund. European Dept.,International Monetary Fund. African Dept.,International Monetary Fund. Asia and Pacific Dept,International Monetary Fund. Finance Dept.,International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 25 pages
File Size : 54,7 Mb
Release : 2006-08-30
Category : Business & Economics
ISBN : 9781498332262
Review the quality of the Fund staff’s analysis and policy advice on exchange rate issues. The Fund is sometimes criticized for not taking a sufficiently clear position on several exchange rate issues, ranging from the assessment of the level of exchange rates to the description of exchange rate policies, and their adequacy. Is this criticism valid, and in what respect? Answering these questions is critical as exchange rate issues are at the heart of the Fund’s surveillance mandate.
Author : Mr. Andrew Crockett,Mr. Morris Goldstein
Publisher : International Monetary Fund
Page : 97 pages
File Size : 52,6 Mb
Release : 1987-02-26
Category : Business & Economics
ISBN : 9781452717715
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.
Author : Mr.Charalambos G. Tsangarides,Mr.Carlo Cottarelli,Mr.Atish R. Ghosh,Mr.Gian Milesi-Ferretti
Publisher : International Monetary Fund
Page : 352 pages
File Size : 43,8 Mb
Release : 2008-09-08
Category : Business & Economics
ISBN : 9781589067288
Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. Each year, IMF staff produce dozens of studies on exchange rate issues, some published by the IMF, others in various professional journals or books. This book aims to give a flavor of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 40 pages
File Size : 54,8 Mb
Release : 1984-07-08
Category : Business & Economics
ISBN : 9781557750761
In its surveillance activities, the Fund is frequently confronted with the difficult problem of how to identify exchange rate behavior that is unrelated to underlying economic and financial conditions and, consequently, should be viewed with concern from a national or international standpoint. This paper considers the various issues related to this problem as it pertains to industrial countries, both those that have independently floating exchange rates and those that operate under other exchange arrangements.
Author : International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 49 pages
File Size : 41,7 Mb
Release : 2006-07-19
Category : Business & Economics
ISBN : 9781498332422
This review of the Decision forms part of a more comprehensive approach to strengthen the effectiveness of surveillance.
Author : John Williamson
Publisher : Columbia University Press
Page : 104 pages
File Size : 54,9 Mb
Release : 2007-04-30
Category : Business & Economics
ISBN : 9780881324792
Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that could do so is a reference rate system—where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate." It could help a country's authorities manage its exchange rate to avoid large misalignments, assist the private sector in forming more dependable expectations of future exchange rates and thus to manage their businesses more efficiently in a world of floating exchange rates, and aid the International Monetary Fund in designing and managing an effective system of multilateral surveillance. The world economy would function better as a result, with less chance of the global imbalances leading to a world recession.
Author : Mr.Paul R. Masson,Mr.Michael Mussa
Publisher : International Monetary Fund
Page : 52 pages
File Size : 45,7 Mb
Release : 1996-12-04
Category : Business & Economics
ISBN : 1557755515
Against the background of the changing international economic environment, this pamphlet examines the general rationale for IMF financial support and the relationship between such support and IMF surveillance in carrying out the IMF's responsibility to seek to avoid and help to correct maladjustments in countries balance of payments. It analyzes the circumstances in which IMF financing continues to have an important role, draws possible lessons for the role of the IMF from the Mexican financial crisis, and discusses the future need for IMF resources.
Author : Mrs.Gilda Fernandez,Mr.Cem Karacadag,Rupa Duttagupta
Publisher : International Monetary Fund
Page : 29 pages
File Size : 42,8 Mb
Release : 2006-01-09
Category : Business & Economics
ISBN : 9781589064768
A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition depends on the effective management of a number of institutional and operational issues. The authors of this Economic Issue describe the necessary ingredients for moving to a flexible regime, as well as the optimal pace and sequencing under different conditions.
Author : David Bigman,Teizo Taya
Publisher : Beard Books
Page : 356 pages
File Size : 55,5 Mb
Release : 2003-03
Category : Business & Economics
ISBN : 1587981297
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Author : Jeffry A. Frieden
Publisher : Princeton University Press
Page : 318 pages
File Size : 43,9 Mb
Release : 2014-12-28
Category : Business & Economics
ISBN : 9781400865345
The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Author : Thomas D. Willett
Publisher : Unknown
Page : 170 pages
File Size : 54,8 Mb
Release : 1977
Category : Business & Economics
ISBN : STANFORD:36105037022691
Author : Shinji Takagi,John Hicklin,International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 158 pages
File Size : 42,7 Mb
Release : 2007-08-22
Category : Business & Economics
ISBN : STANFORD:36105124269379
The IMF is charged by its Articles of Agreement and a 1977 Executive Board Decision to exercise surveillance over the international monetary system and members’ exchange rate policies. The overriding question addressed by this evaluation is whether, over the 1999–2005 period, the IMF fulfilled this core responsibility. The main finding is that the IMF was simply not as effective as it needs to be in both its analysis and advice and in its dialogue with member countries. The evidence supporting this conclusion, along with other key findings, is set out in this report. The report also presents a detailed set of recommendations that could go a long way in improving the quality and effectiveness of IMF surveillance.
Author : John M. Letiche
Publisher : Academic Press
Page : 1022 pages
File Size : 50,6 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781483297040
The literature on international economics has become excessively specialized. In selecting distinguished readings for this source book--including contributions by Nobel laureates such as Lawrence R. Klein, Arthur Lewis, James Meade, and Theodore W. Schultz--Professor Letiche breaks the mold. The essays concentrate on interrelation between theory and actual policy design, and this collection of classic pieces and recent economic contributions are a valued resource in universities and government offices.