Comments: On the Financial Role of the IMF
Author: Mr. Jack Boorman1
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
BOOK; crisis; financing; exchange rate; market; financial system; IMF policy advice; IMF Policy recommendation; IMF reform; emerging market crisis; emerging market country; Exchange rates; Emerging and frontier financial markets; Capital flows; Currencies; Global; Asia and Pacific; East Asia; Europe; Southeast Asia; SDR mechanism; capitalist economy; market confidence; SDR trust fund; resources from the IMF; Extra-budgetary funds; Exchange rate arrangements; Caribbean

Abstract

Let me say right off that I fully agree with David Lipton that the proper role for IMF financing must be set within a strategy for the international financial architecture more broadly. Under the heading of architecture we include not just those elements that involve crisis resolution but, even more important, all those that involve a strengthening of surveillance and of risk assessment. The extent to which we succeed with the various initiatives aimed at strengthening the system—that is, at prevention—will color the nature of the crises that still occur.

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Cover Reforming the International Monetary and Financial System
Reforming the International Monetary and Financial System
Editor: Mr. Alexander K. Swoboda and Mr. Peter B. Kenen
ISBN:
9781557758354
Publication Date:
18 Dec 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758354.071
Pages:
448