11 Surveillance and the International Monetary System
- James Boughton, and K. Lateef
- Published Date:
- April 1995
The final afternoon began with a session on the role of IMF surveillance and, more specifically, on the functioning of the international monetary system. Two of the featured speakers had served in the late 1980s as deputies to their country’s finance minister for the international economic cooperation and surveillance activities of the Group of Seven: Canada’s Wendy Dobson and Japan’s Toyoo Gyohten. Ms. Dobson subsequently became Professor of Economics at the University of Toronto and authored a book on international economic cooperation for the Institute for International Economics; Mr. Gyohten became Chairman of the Bank of Tokyo and co-authored a book on international cooperation with Paul Volcker. The third speaker, Jacob Frenkel, participated in the work of the Group of Seven in his capacity as Economic Counsellor and Director of Research at the IMF before leaving that post to become Governor of the Bank of Israel. The session was chaired by Maria Schaumayer, Governor of the Austrian National Bank.