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

2011 Triennial Surveillance Review and Review of the 2007 Decision - Concept PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498339395
Category : Business & Economics
Languages : en
Pages : 8

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Book Description
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 and Review of the 2007 Decision - Concept

2011 Triennial Surveillance Review and Review of the 2007 Decision - Concept PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498339395
Category : Business & Economics
Languages : en
Pages : 8

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Book Description
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 and Review of the 2007 Decision

2011 Triennial Surveillance Review and Review of the 2007 Decision PDF Author: Internationaler Währungsfonds
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
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 PDF Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498338534
Category : Business & Economics
Languages : en
Pages : 19

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Book Description
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 - External Study - IMF and Global Financial Stability

2011 Triennial Surveillance Review - External Study - IMF and Global Financial Stability PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498338666
Category : Business & Economics
Languages : en
Pages : 57

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Book Description
External study prepared by John Palmer, Chair, Toronto Leadership Centre, former Superintendent, Office of the Superintendent of Financial Institutions, Canada, former Deputy Managing Director Monetary Authority of Singapore, former Canadian Managing Partner of KPMG and Yoke Wang Tok, Former Senior Advisor to the IMF Executive Director representing ASEAN, Nepal, Fiji and Tonga and former Principal Economist, Monetary Authority of Singapore: This report aims to provide an independent view of how the Fund is discharging its multilateral surveillance responsibilities, in particular its contribution to global financial stability and crisis prevention, working in coordination with other relevant international groupings/institutions such as the FSB and BIS. As we emerge from the global financial crisis (GFC), the Fund has regained much of its credibility and relevance. The GFC caught many, including the IMF, by surprise. Since then, the Fund has done considerable self-analysis and taken active steps to strengthen its surveillance and policy advice and to improve traction with policy makers. The IEO report on the Fund’s performance in the run-up to the financial and economic crisis identified various shortcomings that needed to be addressed. One of its key findings was the inability of the Fund to connect-the dots, to deliver hard-hitting messages and the difficulty experienced by the Fund in thinking beyond mainstream/official views. Many of the IEO’s findings have relevance to this review.

2011 Triennial Surveillance Review - External Study - An Evaluation of IMF Surveillance of the Euro Area

2011 Triennial Surveillance Review - External Study - An Evaluation of IMF Surveillance of the Euro Area PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498338704
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
External Study prepared by Jean Pisani-Ferry, André Sapir, and Guntram B. Wolff: This report provides an independent evaluation of recent IMF surveillance in the euro area (EA). It focuses on the euro area as a whole and on four countries severely hit by the recent economic and financial crisis, namely Greece, Ireland, Portugal and Spain.

2011 Triennial Surveillance Review - Overview Paper

2011 Triennial Surveillance Review - Overview Paper PDF Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498338526
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
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 - Staff Background Studies

2011 Triennial Surveillance Review - Staff Background Studies PDF Author: International Monetary Fund. Strategy, Policy, & Review Department
Publisher: International Monetary Fund
ISBN: 1498338569
Category : Business & Economics
Languages : en
Pages : 97

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Book Description
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.

A Contemporary Concept of Monetary Sovereignty

A Contemporary Concept of Monetary Sovereignty PDF Author: Claus D. Zimmermann
Publisher: Oxford University Press, USA
ISBN: 0199680744
Category : Business & Economics
Languages : en
Pages : 291

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Book Description
International law dictates that states have sovereignty over their own monetary and fiscal affairs. In practice, however globalisation and the powers of organisations like the IMF and EU are thought to have significantly eroded this idea. This book offers a legal analysis of the development of monetary sovereignty and its meaning in today's world.

Fiscal Transparency, Accountability, and Risk

Fiscal Transparency, Accountability, and Risk PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498340075
Category : Business & Economics
Languages : en
Pages : 55

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Book Description
This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers the lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements; and makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.

Review of the IMF's Communications Strategy

Review of the IMF's Communications Strategy PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498343155
Category : Business & Economics
Languages : en
Pages : 44

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Book Description
The framework guiding the IMF’s communications—established by the Executive Board in 2007—has enabled the institution to respond flexibly to the changing global context. The framework is based on four guiding principles: (i) deepening understanding and support for the Fund’s role and policies; (ii) better integrating communications into the IMF’s daily operations; (iii) raising the impact of new communications materials and technologies; and (iv) rebalancing outreach efforts to take account of different audiences. In addition, greater emphasis has been placed on strengthening internal communications to help ensure institutional coherence in the Fund’s outreach activities. Continued efforts are needed to strengthen communications going forward. Several issues deserve particular attention. First, taking further steps to ensure clarity and consistency in communication in a world where demand for Fund services continues to rise. Second, doing more to assess the impact of IMF communications and thus better inform efforts going forward. Third, engaging strategically and prudently with new media—including social media.