Exchange Rate Analysis in Support of IMF Surveillance

Exchange Rate Analysis in Support of IMF Surveillance PDF Author: Mr.Charalambos G. Tsangarides
Publisher: International Monetary Fund
ISBN: 1589067282
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
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.

Exchange Rate Analysis in Support of IMF Surveillance

Exchange Rate Analysis in Support of IMF Surveillance PDF Author: Mr.Charalambos G. Tsangarides
Publisher: International Monetary Fund
ISBN: 1589067282
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
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.

IEO Evaluation of Exchange Rate Policy

IEO Evaluation of Exchange Rate Policy PDF Author: International Monetary Fund. Independent Evaluation Office
Publisher: International Monetary Fund
ISBN: 1589066499
Category : Business & Economics
Languages : en
Pages : 147

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Book Description
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.

Strengthening the International Monetary System

Strengthening the International Monetary System PDF Author: Mr.Morris Goldstein
Publisher: International Monetary Fund
ISBN: 9780939934768
Category : Business & Economics
Languages : en
Pages : 100

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Book Description
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.

Treatment of Exchange Rate Issues in Bilateral Surveillance - A Stocktaking

Treatment of Exchange Rate Issues in Bilateral Surveillance - A Stocktaking PDF Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
ISBN: 1498332269
Category : Business & Economics
Languages : en
Pages : 25

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Book Description
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.

IEO Evaluation of Exchange Rate Policy

IEO Evaluation of Exchange Rate Policy PDF Author: International Monetary Fund Staff
Publisher: International Monetary Fund
ISBN: 1451948646
Category : Business & Economics
Languages : en
Pages : 147

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Book Description
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.

International Monetary Fund Annual Report 2021

International Monetary Fund Annual Report 2021 PDF Author: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
ISBN: 1513568817
Category : Business & Economics
Languages : en
Pages : 74

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Book Description
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Strengthening the International Monetary System

Strengthening the International Monetary System PDF Author: Mr. Andrew Crockett
Publisher: International Monetary Fund
ISBN: 1452717710
Category : Business & Economics
Languages : en
Pages : 97

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Book Description
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.

Reference Rates and the International Monetary System

Reference Rates and the International Monetary System PDF Author: John Williamson
Publisher: Columbia University Press
ISBN: 0881324795
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
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.

Review of the 1977 Decision on Surveillance Over Exchange Rate Policies - Preliminary Considerations

Review of the 1977 Decision on Surveillance Over Exchange Rate Policies - Preliminary Considerations PDF Author: International Monetary Fund. Policy Development and Review Dept.
Publisher: International Monetary Fund
ISBN: 1498332420
Category : Business & Economics
Languages : en
Pages : 49

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Book Description
This review of the Decision forms part of a more comprehensive approach to strengthen the effectiveness of surveillance.

Floating Exchange Rates and the Need for Surveillance

Floating Exchange Rates and the Need for Surveillance PDF Author: Jacques R. Artus
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 52

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Book Description