The Fund S Mandate The Future Financing Role Reform Proposals

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The Fund’s Mandate - The Future Financing Role - Reform Proposals

Author : International Monetary Fund. Legal Dept.,International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 34 pages
File Size : 49,5 Mb
Release : 2010-11-08
Category : Business & Economics
ISBN : 9781498337229

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The Fund’s Mandate - The Future Financing Role - Reform Proposals by International Monetary Fund. Legal Dept.,International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper examines the implications of the Fund accepting membership in the Financial Stability Board (“FSB”). The FSB Charter (the ?Charter?) explicitly contemplates the possibility of the Fund and the other international financial institutions becoming members but notes that ?the acceptance of membership by the international financial institutions (IFIs) in the FSB is subject to the approval of their respective governing bodies.? An Executive Board decision is required for the Fund to accept membership and is proposed below.

The Fund’s Mandate—Future Financing Role

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 35 pages
File Size : 54,9 Mb
Release : 2010-04-19
Category : Business & Economics
ISBN : 9781498337595

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The Fund’s Mandate—Future Financing Role by International Monetary Fund. Monetary and Capital Markets Department Pdf

The following is the provisional agenda for the Twenty-First Meeting of the International Monetary and Financial Committee, which is to be convened at the Fund’s Headquarters in Washington, D.C. on Saturday, April 24, 2010. A joint working dinner of IMFC members and G-20 ministers will be held on Friday, April 23 at 7:30 p.m. in HQ1–Meeting Halls A & B. The IMFC meeting will be followed by the press conference of the IMFC Chairman and the Managing Director at 2:30 p.m.

The Fund’s Mandate - The Future Financing Role - Revised Reform Proposals and Revised Proposed Decisions

Author : International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 13 pages
File Size : 41,7 Mb
Release : 2010-08-25
Category : Business & Economics
ISBN : 9781498336963

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The Fund’s Mandate - The Future Financing Role - Revised Reform Proposals and Revised Proposed Decisions by International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This supplement provides clarifications and proposes revision to the reforms of the nonconcessional lending toolkit contained in the staff papers on “The Fund’s Mandate—Future Financing Role: Reform Proposals”. The focus of this supplement is on the Flexible Credit Line (FCL) and the Precautionary Credit Line (PCL), for which revised proposed decisions are attached.

The Fund's Financing Role - Reform Proposals on Liquidity and Emergency Assistance

Author : International Monetary Fund. Finance Dept.,International Monetary Fund. Independent Evaluation Office,International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 21 pages
File Size : 47,9 Mb
Release : 2011-10-28
Category : Business & Economics
ISBN : 9781498338332

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The Fund's Financing Role - Reform Proposals on Liquidity and Emergency Assistance by International Monetary Fund. Finance Dept.,International Monetary Fund. Independent Evaluation Office,International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept. Pdf

The possible global repercussions from the ongoing turmoil in the Euro Area and recent calls for enhanced emergency assistance in the Middle East and North African region are reminders of the urgent need for a more effective global financial safety net to deal with increased interconnectedness and volatility. Past work by staff identified gaps in the Fund’s lending toolkit to respond to liquidity needs of members with relatively strong fundamentals affected during systemic crises (the crisis bystanders), and to address urgent financing needs arising in a broader range of circumstances than natural disasters and post-conflict situations. The companion paper on the Review of the Flexible Credit Line (FCL) and Precautionary Credit Line (PCL) also identified gaps in the overall flexibility of the financing toolkit. This paper provides proposals to fill these gaps, while preserving the simplicity and coherence of the lending framework, and balancing members’ financing needs against the need for adequate safeguards for the use of Fund resources.

Policy Reform Proposals To Promote The Fund’s Capacity To Support Countries Undertaking Debt Restructuring

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept.
Publisher : International Monetary Fund
Page : 110 pages
File Size : 49,9 Mb
Release : 2024-04-16
Category : Business & Economics
ISBN : 9798400273704

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Policy Reform Proposals To Promote The Fund’s Capacity To Support Countries Undertaking Debt Restructuring by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Legal Dept.,International Monetary Fund. Finance Dept. Pdf

A number of sovereign debt restructurings over the past three years faced significant delays but the cases are now moving forward. These delays slowed access of countries to much needed Fund financial support, and alongside creditors’ efforts the Fund had to find ways forward. With significant experience now gleaned from recent restructuring cases, it is important to extract the lessons for Fund policies from this episode. Delays in future Fund engagements need to be minimized where this can be done in a manner consistent with restoring the member to medium-term external viability and ensuring adequate safeguards for the Fund. Such delays can contribute to a deepening of debt distress, making adjustment more difficult, exacerbating the debt problem, and creating inefficiency costs for both the debtor and its creditors.

Framework Administered Account for Selected Fund Activities - Central African Regional Technical Assistance Center (AFRITAC Central) Subaccount

Author : International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 6 pages
File Size : 54,8 Mb
Release : 2010-08-25
Category : Business & Economics
ISBN : 9781498337090

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Framework Administered Account for Selected Fund Activities - Central African Regional Technical Assistance Center (AFRITAC Central) Subaccount by International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

This supplement provides clarifications and proposes revision to the reforms of the nonconcessional lending toolkit contained in the staff papers on “The Fund’s Mandate—Future Financing Role: Reform Proposals”. The focus of this supplement is on the Flexible Credit Line (FCL) and the Precautionary Credit Line (PCL), for which revised proposed decisions are attached.

Republic of Poland

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 48 pages
File Size : 51,6 Mb
Release : 2013-01-24
Category : Business & Economics
ISBN : 9781475573220

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Republic of Poland by International Monetary Fund. European Dept. Pdf

Poland’s economy has recovered well in 2010–11, reflecting strong economic fundamentals and decisive countercyclical policies. Poland’s strong trade and financial links to Europe continue to make it vulnerable to potential shocks from the region. Despite the difficult external environment, the authorities have continued to rebuild policy space to counter adverse shocks. Measures are also being taken to strengthen medium- and long-term fiscal sustainability. The economy is expected to moderate further in 2013. Financial sector policies have helped improve the resilience of the banking system.

Flexible Credit Line - Operational Guidance Note

Author : International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.
Publisher : International Monetary Fund
Page : 45 pages
File Size : 40,5 Mb
Release : 2018-08-06
Category : Business & Economics
ISBN : 9781498309592

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Flexible Credit Line - Operational Guidance Note by International Monetary Fund. Strategy, Policy, & Review Department,International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept. Pdf

"This note provides general guidance on the use of the Flexible Credit Line (FCL). After an overview of the instrument, explaining its specific nature, the operational issues are grouped into three areas: • an outline of the process and specific steps that need to be followed if a member expresses interest in an arrangement; • guidance on determining qualification of a member; and • a how-to guide for determining appropriate access levels. The note is an aid to the implementation of the policy and its underlying principles. If there is any instance in which a provision of the guidance note or its implementation conflicts with Board policy, Board policy prevails. It will be revised as needed, for example following relevant policy reviews."

Republic of Poland

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 87 pages
File Size : 44,5 Mb
Release : 2011-01-21
Category : Business & Economics
ISBN : 9781455213795

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Republic of Poland by International Monetary Fund Pdf

Poland’s macroeconomic performance was strong during the global crisis, supported by sound economic policies. The previous Flexible Credit Line (FCL) arrangements served the Polish economy well and provided adequate insurance against negative spillover risks. Executive Directors emphasized the need to implement economic policies that preserve macroeconomic stability. Against this background, Directors approved the request for a new two-year arrangement under the FCL, which would provide an essential buffer against a possible increase in risk aversion. The authorities intend to treat the new FCL arrangement as a precautionary instrument.

The New Economic Diplomacy

Author : Dr Stephen Woolcock,Sir Nicholas Bayne
Publisher : Ashgate Publishing, Ltd.
Page : 464 pages
File Size : 44,6 Mb
Release : 2013-04-28
Category : Political Science
ISBN : 9781409476481

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The New Economic Diplomacy by Dr Stephen Woolcock,Sir Nicholas Bayne Pdf

This third, fully updated edition of The New Economic Diplomacy explains how states conduct their external economic relations in the 21st century: how they make decisions domestically; how they negotiate internationally; and how these processes interact. It documents the transformation of economic diplomacy in the 1990s and 2000s in response to the end of the Cold War, the advance of globalization and the growing influence of non-state actors such as private business and civil society.

Mexico

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 52 pages
File Size : 41,6 Mb
Release : 2019-11-25
Category : Business & Economics
ISBN : 9781513521183

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Mexico by International Monetary Fund. Western Hemisphere Dept. Pdf

This paper discusses Mexico’s Arrangement Under the Flexible Credit Line and Cancellation of Current Arrangement. Fiscal policy has stemmed the rise in the public debt ratio in the past two years; a very tight monetary policy stance has helped reduce headline inflation to the central bank’s target; and financial supervision and regulation are strong. The flexible exchange rate is playing a key role in the economy’s adjustment to external shocks. The Mexican economy, nonetheless, remains exposed to external risks, including renewed volatility in global financial markets, increased risk premia, and a sharp pull-back of capital from emerging markets, as well as continued uncertainty about Mexico’s trade relations with the United States. The new arrangement under the Flexible Credit Line (FCL) will continue to play an important role in supporting the authorities’ macroeconomic strategy by providing insurance against tail risks and bolstering market confidence. The proposed new commitment and cancellation of the current arrangement would have a net positive impact on the Fund’s liquidity position.

European Yearbook of International Economic Law 2012

Author : Christoph Herrmann,Jörg Philipp Terhechte
Publisher : Springer Science & Business Media
Page : 721 pages
File Size : 53,7 Mb
Release : 2011-12-21
Category : Law
ISBN : 9783642233081

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European Yearbook of International Economic Law 2012 by Christoph Herrmann,Jörg Philipp Terhechte Pdf

The third volume of the European Yearbook of International Economic law focuses on two major topics of current academic and political interest. Firstly, it adresses the 10th anniversary of China's accession to the WTO and its implications; secondly, it deals with different legal aspects of global energy markets.

Review of the Flexible Credit Line and Precautionary Credit Line

Author : International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 66 pages
File Size : 48,7 Mb
Release : 2011-01-11
Category : Business & Economics
ISBN : 9781498338301

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Review of the Flexible Credit Line and Precautionary Credit Line by International Monetary Fund. Finance Dept.,International Monetary Fund. Legal Dept.,International Monetary Fund. Strategy, Policy, & Review Department Pdf

With the creation of the Flexible Credit Line (FCL) and Precautionary Credit Line (PCL), the Fund’s GRA toolkit was overhauled to address gaps in the Fund’s crisis prevention and resolution toolkit. The innovative and flexible nature of the new instruments was meant to reduce stigma from using Fund resources, underpinning confidence in its users amid stressed market conditions. Yet, there have been a limited number of members with these Using a variety of methodological tools, this review assesses experience with the instruments, arrangements. Using a variety of methodological tools, this review assesses experience with the instruments, reflects on the appropriateness of their design, and recommends refinements to enhance their effectiveness.

The Dollar Trap

Author : Eswar S. Prasad
Publisher : Princeton University Press
Page : 439 pages
File Size : 41,5 Mb
Release : 2015-08-25
Category : Business & Economics
ISBN : 9781400873647

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The Dollar Trap by Eswar S. Prasad Pdf

Why the dollar is—and will remain—the dominant global currency The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008–2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar’s looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar’s importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance—including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund—and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance. The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.

The Status Quo Crisis

Author : Eric Helleiner
Publisher : Oxford University Press, USA
Page : 257 pages
File Size : 52,9 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199973637

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The Status Quo Crisis by Eric Helleiner Pdf

The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. But half a decade later, how much has really changed? In this book, Helleiner surveys the landscape and argues that continuity has marked global financial governance more than dramatic transformation