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La gouvernance du FMI
			: Processus de décision, surveillance, transparence et responsabilité institutionnelles

La gouvernance du FMI : Processus de décision, surveillance, transparence et responsabilité institutionnelles »

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2004

Language: French

DOI: http://dx.doi.org/10.5089/9781589063020.054

ISBN: 9781589063020

Keywords: voting, voting power, capital markets, civil society groups, civil society, decision making, international capital markets, capital movements, crisis prevention, industrial countries

The author-a top decision maker at the IMF for two decades-first focuses on the system of quotas and voting power in the IMF and concludes that it calls for reforms to enhance equity among the membership. He then e...

Ambiguity, Transparency, and Institutional Strength

Ambiguity, Transparency, and Institutional Strength »

Source: Ambiguity, Transparency, and Institutional Strength

Volume/Issue: 2004/115

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2004

ISBN: 9781451853896

Keywords: risk, Knightian uncertainty, vertical and horizontal integration, institutions, probability, probabilities, investors, investment decisions, expected value, Analysis of Collective Decision-Making: General

Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which may result in low...

Imf Conditionality and Program Ownership

Imf Conditionality and Program Ownership »

Source: Imf Conditionality and Program Ownership : A Case for Streamlined Conditionality

Volume/Issue: 2003/98

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2003

ISBN: 9781451852165

Keywords: program conditionality and ownership, uncertainty, ambiguity, probability, conditionality, probabilities, adjustment programs, Positive Analysis of Policy-Making and Implementation, Criteria for Decision-Making under Risk and Uncertainty,

Program conditionality and ownership are important considerations in the IMF's current rethinking of program design. This paper contributes to the literature by developing a theory of program conditionality and own...

Primeron Reforms in a Second-Best Ambiguous Environment

Primeron Reforms in a Second-Best Ambiguous Environment »

Source: Primeron Reforms in a Second-Best Ambiguous Environment : A Case for Gradualism

Volume/Issue: 2002/50

Series: IMF Working Papers

Author(s): S. Erbas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451846980

Keywords: reform, sequencing, gradualism, big bang, uncertainty, ambiguity, flexibility, reform outcomes, reform package, expected value

Ambiguity, as opposed to uncertainty, reflects lack of sufficient information about distribution and payoffs of infrequent events. Reforms are infrequent events, undertaken in ambiguous second-best environments whe...

Donor Competition for Aid Impact, and Aid Fragmentation

Donor Competition for Aid Impact, and Aid Fragmentation »

Source: Donor Competition for Aid Impact, and Aid Fragmentation

Volume/Issue: 2012/204

Series: IMF Working Papers

Author(s): Kurt Annen , and Luc Moers

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505542

Keywords: Aid Effectiveness, Aid Fragmentation, Donor Competition, Donor Coordination, humanitarian aid, aid coordination, foreign investment, Analysis of Collective Decision-Making: General,

This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient ev...

Trade Uncertainty and Investment in the Euro Area1

Trade Uncertainty and Investment in the Euro Area1 »

Source: Trade Uncertainty and Investment in the Euro Area

Volume/Issue: 2018/281

Series: IMF Working Papers

Author(s): Christian Ebeke , and Jesse Siminitz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 December 2018

ISBN: 9781484388808

Keywords: Investment, Euro Area, trade tensions, uncertainty, trade openness, General, Criteria for Decision-Making under Risk and Uncertainty

We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes that countries that are relatively more dependent on global trade networks exhibit a higher sens...

Capital Regulation and Tail Risk

Capital Regulation and Tail Risk »

Source: Capital Regulation and Tail Risk

Volume/Issue: 2011/188

Series: IMF Working Papers

Author(s): Enrico Camillo Perotti , Lev Ratnovski , and Razvan Vlahu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462308262

Keywords: Tail Risk, Financial Innovation, banker, recapitalization, banking, capital ratio, Criteria for Decision-Making under Risk and Uncertainty, Financial Institutions and Services: Government Policy and Regulation,

The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk asserts. We show that this undermines the traditional result that high capital reduces excess risk...

Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis•

Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis• »

Source: Can Policies Affect Employment Intensity of Growth? A Cross-Country Analysis

Volume/Issue: 2012/218

Series: IMF Working Papers

Author(s): Davide Furceri , Ernesto Crivelli , and Joël Toujas-Bernate

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2012

ISBN: 9781475505689

Keywords: employment elasticities, structural policies, reforms, labor market, labor market policies, Macroeconomics: Consumption, Saving, Production, Employment and Investment: Other, Mobility

The aim of this paper is to provide new estimates of employment-output elasticities and assess the effect of structural and macroeocnomic policies on the employment-intensity of growth. Using an unbalanced panel of...

Unemployment and Labor Market Issues in Algeria

Unemployment and Labor Market Issues in Algeria »

Source: Unemployment and Labor Market Issues in Algeria

Volume/Issue: 2012/99

Series: IMF Working Papers

Author(s): Davide Furceri

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

ISBN: 9781475502893

Keywords: Labor market, flexibility, employment, unemployment rate, youth unemployment, unemployment rates, Macroeconomics: Consumption, Saving, Production, Employment and Investment: Other

The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation. The results of the paper suggest that the relative low output-em...

Political Risk Aversion

Political Risk Aversion »

Source: Political Risk Aversion

Volume/Issue: 2009/194

Series: IMF Working Papers

Author(s): Laura Valderrama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

ISBN: 9781451873412

Keywords: Individual uncertainty, Innovation, Dynamic voting, Institutional reform., new technology, technology choice, institutional reform, investors, expropriation, Criteria for Decision-Making under Risk and Uncertainty,

This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show how individual uncertainty creates a bias for the status quo even under irreversible voting dec...