Comments: On the Financial Role of the IMF

Jack Boorman

Author:

Mr. Jack Boorman

Mr. Jack Boorman https://isni.org/isni/0000000404811396 International Monetary Fund

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Language:: English

Print Publication Date:: 18 Dec 2000

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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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

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