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Multi-Country Report
			: Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report

Multi-Country Report : Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report »

Volume/Issue: 2017/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2017

DOI: http://dx.doi.org/10.5089/9781484302996.002

ISBN: 9781484302996

Keywords: Asia and Pacific, Bahrain, Djibouti, Europe, Indonesia, Kenya, Kuwait, Malaysia, Middle East, Nigeria

This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can...

Administering Fiscal Regimes for Extractive Industries
			: A Handbook

Administering Fiscal Regimes for Extractive Industries : A Handbook »

Series: Books

Author(s): Jack Calder

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 July 2014

DOI: http://dx.doi.org/10.5089/9781475575170.071

ISBN: 9781475575170

Keywords: natural resource, natural resources, natural resource taxes, natural resource taxation, tax authority

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies...

Monetary Policy in the New Normal

Monetary Policy in the New Normal »

Volume/Issue: 2014/3

Series: Staff Discussion Notes

Author(s): Tamim Bayoumi , Giovanni Dell'Ariccia , Karl Habermeier , Tommaso Mancini Griffoli , and Fabian Valencia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2014

DOI: http://dx.doi.org/10.5089/9781475561784.006

ISBN: 9781475561784

Keywords: Cross country analysis, Central bank autonomy, Central bank independence, Central banks, Financial stability, Monetary policy, Macroprudential Policy, inflation, central bank, monetary fund

The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis. It revisits the pros and cons of expanding the objectives of monetary policy, the merits of tu...

Subsidiaries or Branches
			: Does One Size Fit All?

Subsidiaries or Branches : Does One Size Fit All? »

Volume/Issue: 2011/4

Series: Staff Discussion Notes

Author(s): Jonathan Fiechter , Inci Ötker , Anna Ilyina , Michael Hsu , Andre Santos , and Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 March 2011

DOI: http://dx.doi.org/10.5089/9781455288564.006

ISBN: 9781455288564

Keywords: Cross-border banking, Bank regulations, Banks, Financial stability, Financial regulation, Stand-alone subsidiarization, Ringfencing, Subsidiary model, Branch model, Resolution

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Redesigning the Contours of the Future Financial System

Redesigning the Contours of the Future Financial System »

Volume/Issue: 2010/10

Series: IMF Staff Position Notes

Author(s): Laura Kodres , and Aditya Narain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2010

DOI: http://dx.doi.org/10.5089/9781462388882.004

ISBN: 9781462388882

Keywords: Bank supervision, Banks, Financial instruments, Financial institutions, Risk management, Multilateral surveillance, Nonbank financial sector, Global Financial Crisis 2008-2009, Fund role, Crises

This paper explores the private- and public-sector responses to the crisis and some of the probable outcomes. Aside from improved supervision of individual institutions, greater emphasis needs to be put on financia...

Revenue Administration
			: Taxpayer Audit--Use of Indirect Methods

Revenue Administration : Taxpayer Audit--Use of Indirect Methods »

Volume/Issue: 2010/05

Series: Technical Notes and Manuals

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 April 2010

DOI: http://dx.doi.org/10.5089/9781455238101.005

ISBN: 9781455238101

Keywords: taxpayer audit, tax audit methods, indirect methods, indirect audit methods, taxpayers, financial affairs, auditors, taxable income, tax liabilities

This technical note examines the use of indirect methods in a taxpayer audit. Indirect methods involve the determination of tax liabilities through an analysis of a taxpayer's financial affairs utilizing informatio...

Automatic Fiscal Stabilizers

Automatic Fiscal Stabilizers »

Volume/Issue: 2009/23

Series: IMF Staff Position Notes

Author(s): Steven Symansky , and Thomas Baunsgaard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2009

DOI: http://dx.doi.org/10.5089/9781455290567.004

ISBN: 9781455290567

Keywords: Fiscal stability, macroeconomic stabilization, personal income tax, income tax, taxes, fiscal policy, tax rates

This paper discusses how to enhance automatic stabilizers without increasing the size of government. We distinguish between permanent changes in the parameters of the tax and expenditure system (e.g., changes in ta...

Transition to Accrual Accounting

Transition to Accrual Accounting »

Volume: 09

Series: Technical Notes and Manuals

Author(s): Abdul Khan , and Stephen Mayes

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 September 2009

DOI: http://dx.doi.org/10.5089/9781462371730.005

ISBN: 9781462371730

Keywords: Government accounting, goverment accounting, accural accounting, cash accounting, GFSM 2001, goverment financial reporting, IPSASB, accounting standards, budget classification, chart of accounts

This technical note and manual addresses the following main questions: 1. What is accrual accounting? 2. What are the reasons for moving from cash to accrual accounting? 3. What are the differences between accrual...

Fiscal Implications of the Global Economic and Financial Crisis

Fiscal Implications of the Global Economic and Financial Crisis »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 September 2009

DOI: http://dx.doi.org/10.5089/9781589068506.084

ISBN: 9781589068506

Keywords: Budgets, Developed countries, Emerging markets, Financial institutions, Public finance, Pension funds, Global Financial Crisis 2008-2009, Fiscal stability, financial sector, deposit insurance

The economic and financial crisis is affecting the fiscal accounts of virtually every country. Public sector support for the financial system, fiscal stimulus and the automatic stabilizers, as well as the revenue d...

Balance of Payments Statistics Yearbook, 2008

Balance of Payments Statistics Yearbook, 2008 »

Series: Balance of Payments Statistics

Author(s): International Monetary Fund. Statistics Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2008

DOI: http://dx.doi.org/10.5089/9781589067530.044

ISBN: 9781589067530

Keywords: Balance of payments statistics, Balance of Payments Statistics Publication, liabilities, debt, payments, portfolio investment, loans, financial derivatives, direct investment, bonds

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

What is the International Monetary Fund?

What is the International Monetary Fund? »

Series: EXR Pamphlets

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2006

DOI: http://dx.doi.org/10.5089/9781589065338.052

ISBN: 9781589065338

Keywords: IMF, Fund role, balance of payments, debt relief, central bank, world trade, debt reduction

An introductory guide to the IMF, its history, and its role in the international financial system. Explains for a general audience the IMF's lending policies, how decisions are made, and where the money comes from....

Budget System Reform in Emerging Economies
			: The Challenges and the Reform Agenda

Budget System Reform in Emerging Economies : The Challenges and the Reform Agenda »

Series: Occasional Papers

Author(s): Jack Diamond

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 April 2006

DOI: http://dx.doi.org/10.5089/9781589064744.084

ISBN: 9781589064744

Keywords: Budgetary reforms, Public finance, Government accounting, budget management, accrual accounting, performance budgeting, budget systems, budget system

With increasing frequency, the IMF has assisted middle-income countries, especially emerging economies, in adopting the types of budget reforms that have been introduced in many Organization for Economic Cooperatio...

Moving to a Flexible Exchange Rate
			: How, When, and How Fast?

Moving to a Flexible Exchange Rate : How, When, and How Fast? »

Series: Economic Issues

Author(s): Rupa Duttagupta , Cem Karacadag , and Gilda Fernandez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 January 2006

DOI: http://dx.doi.org/10.5089/9781589064768.051

ISBN: 9781589064768

Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market

A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transiti...

Controlled Capital Account Liberalization
			: A Proposal

Controlled Capital Account Liberalization : A Proposal »

Volume/Issue: 2005/7

Series: IMF Policy Discussion Papers

Author(s): Eswar Prasad , and Raghuram Rajan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

DOI: http://dx.doi.org/10.5089/9781451975741.003

ISBN: 9781451975741

Keywords: Capital account liberalization, Capital controls, Capital inflows, Reserves, Foreign exchange reserves, International finance, closed-end mutual fund, international portfolio diversification, capital account, capital outflows

In this paper, we develop a proposal for a controlled approach to capital account liberalization for economies experiencing large capital inflows. The proposal essentially involves securitizing a portion of capital...

A New Look at Exchange Rate Volatility and Trade Flows

A New Look at Exchange Rate Volatility and Trade Flows »

Series: Occasional Papers

Author(s): Peter Clark , Shang-Jin Wei , Natalia Tamirisa , Azim Sadikov , and Li Zeng

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 September 2004

DOI: http://dx.doi.org/10.5089/9781589063587.084

ISBN: 9781589063587

Keywords: Capital flows, Exchange rates, Trade, exchange rate, exchange rate volatility, real exchange rate, bilateral trade

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s a...

Who Will Pay? Coping with Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges

Who Will Pay? Coping with Aging Societies, Climate Change, and Other Long-Term Fiscal Challenges »

Series: Books

Author(s): Peter Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 November 2003

DOI: http://dx.doi.org/10.5089/9781589062238.071

ISBN: 9781589062238

Keywords: pension, fiscal policy, tax rates, public debt, fiscal sustainability

Aging populations. Weather shocks. Scarce water. Globalization. Security threats. Policymakers today confront a number of developments that threaten to burden public budgets for decades to come, or bankrupt some en...

Advanced Country Experiences with Capital Account Liberalization

Advanced Country Experiences with Capital Account Liberalization »

Series: Occasional Papers

Author(s): Age Bakker , and Bryan Chapple

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2002

DOI: http://dx.doi.org/10.5089/9781589061170.084

ISBN: 9781589061170

Keywords: exchange rate, capital controls, capital account liberalization, capital movements, capital inflows

After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable...

The Pension Puzzle
			: Prerequisites and Policy Choices in Pension Design

The Pension Puzzle : Prerequisites and Policy Choices in Pension Design »

Series: Economic Issues

Author(s): N. Barr

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2002

DOI: http://dx.doi.org/10.5089/9781589061118.051

ISBN: 9781589061118

Keywords: pension, pensions, pension systems, funded schemes, pensioners

Looks at the policy choices involved in creating pension schemes, particularly whether it is advisable to move away from government pay-as-you-go pensions toward private or publicly funded plans. Examines the reaso...

Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities

Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities »

Volume/Issue: 2001/7

Series: IMF Policy Discussion Papers

Author(s): Mark Zelmer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2001

DOI: http://dx.doi.org/10.5089/9781451971583.003

ISBN: 9781451971583

Keywords: Central banks, Central banks and their policies, Bonds, Monetary policy, Monetary policy, Monetary operations, central bank, government securities, balance sheets, financial institutions,

The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to the financial...

Macroprudential Indicators of Financial System Soundness

Macroprudential Indicators of Financial System Soundness »

Series: Occasional Papers

Author(s): Paul Hilbers , Alfredo Leone , Mahinder Gill , and Owen Evens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 2000

DOI: http://dx.doi.org/10.5089/9781557758910.084

ISBN: 9781557758910

Keywords: financial institutions, banking, financial system, financial sector, standards

Following the severe financial crises of the 1990s, identifying and assessing financial sector vulnerabilities has become a key priority of the international community. The costly disruptions in global markets unde...

Financial Organization and Operations of the IMF (Revised 1998)

Financial Organization and Operations of the IMF (Revised 1998) »

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781463904180.054

ISBN: 9781463904180

Keywords: balance of payments, reserve tranche, repurchases, general resources account, credit tranche

This paper discusses the financial organization and operations of the IMF. The policies and activities of the IMF are guided by its charter, known as the Articles of Agreement. The IMF is unique among intergovernme...

Pension Regimes and Saving

Pension Regimes and Saving »

Series: Occasional Papers

Author(s): Alfredo Cuevas , George Mackenzie , and Philip Gerson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 September 1997

DOI: http://dx.doi.org/10.5089/9781557756404.084

ISBN: 9781557756404

Keywords: pension, retirement, benefits, pensions, pension plans

Public pension systems around the world have been criticized in recent years for some serious flaws, including the excessive burden they impose on the public finances and their depressing impact on saving rates. Th...

Asset Prices, Monetary Policy, and the Business Cycle

Asset Prices, Monetary Policy, and the Business Cycle »

Volume/Issue: 1994/6

Series: IMF Policy Discussion Papers

Author(s): Garry Schinasi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1994

DOI: http://dx.doi.org/10.5089/9781451971927.003

ISBN: 9781451971927

Keywords: inflation, monetary policy, inflationary pressures, price inflation, monetary fund

The business cycle in several industrial countries during the period 1989-1993 was different from previous post World War II business cycles in important ways. This paper describes the unique character of the recen...

International Monetary Fund Annual Report 1992

International Monetary Fund Annual Report 1992 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1992

DOI: http://dx.doi.org/10.5089/9781451944853.011

ISBN: 9781451944853

Keywords: balance of payments, general resources account, repurchases, repayments, inflation

The Annual Report to the Board of Governors reviews the IMF's activities and policies during any given year. There are five chapters: (1) Overview, (2) Developments in the Global Economy and Financial Markets, (3)...

Currency Convertibility and the Transformation of Centrally Planned Economies

Currency Convertibility and the Transformation of Centrally Planned Economies »

Series: Occasional Papers

Author(s): Joshua Greene , and Peter Isard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 March 1991

DOI: http://dx.doi.org/10.5089/9781557752147.084

ISBN: 9781557752147

Keywords: Centrally planned economies, current account, exchange rate, current account convertibility, foreign exchange, capital account

This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems....

International Monetary Fund Annual Report 1991

International Monetary Fund Annual Report 1991 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1991

DOI: http://dx.doi.org/10.5089/9781451944822.011

ISBN: 9781451944822

Keywords: debt, interest, payments, balance of payments, external debt

The Annual Report to the Board of Governors reviews the IMF's activities and policies during any given year. There are five chapters: (1) Overview, (2) Developments in the Global Economy and Financial Markets, (3)...

Managing Financial Risks in indebted Developing Countries
			: Occa Paper No.65

Managing Financial Risks in indebted Developing Countries : Occa Paper No.65 »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1989

DOI: http://dx.doi.org/10.5089/9781557751164.084

ISBN: 9781557751164

Keywords: hedging, futures contracts, hedge, futures contract, futures markets

This paper examines the types of market-related hedging instruments that could potentially be useful to indebted developing countries as they seek to manage the financial risks created by variability of the prices...

International Monetary Fund Annual Report 1989

International Monetary Fund Annual Report 1989 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1989

DOI: http://dx.doi.org/10.5089/9781451944754.011

ISBN: 9781451944754

Keywords: balance of payments, debt reduction, general resources account, repayments, repurchases

The Annual Report to the Board of Governors reviews the IMF's activities and policies during any given year. There are five chapters: (1) Overview, (2) Developments in the Global Economy and Financial Markets, (3)...

International Monetary Fund Annual Report 1988

International Monetary Fund Annual Report 1988 »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1988

DOI: http://dx.doi.org/10.5089/9781451944716.011

ISBN: 9781451944716

Keywords: balance of payments, repurchases, current account, general resources account, exporting countries

The Annual Report to the Board of Governors reviews the IMF's activities and policies during any given year. There are five chapters: (1) Overview, (2) Developments in the Global Economy and Financial Markets, (3)...

Strengthening the International Monetary System
			: Exchange Rates, Surveillance, and Objective Indicators

Strengthening the International Monetary System : Exchange Rates, Surveillance, and Objective Indicators »

Series: Occasional Papers

Author(s): Andrew Crockett , and Morris Goldstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 1987

DOI: http://dx.doi.org/10.5089/9780939934768.084

ISBN: 9780939934768

Keywords: exchange rate, exchange rates, exchange rate policies, balance of payments, exchange rate system

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 (represen...

Aging and Social Expenditure in the Major Industrial Countries, 1980-2025

Aging and Social Expenditure in the Major Industrial Countries, 1980-2025 »

Series: Occasional Papers

Author(s): Edgardo Ruggiero , Peter Heller , Menachem Katz , Robert Feldman , Richard Hemming , Peter Kohnert , Ziba Farhadian , Donogh McDonald , Ahsan Mansur , and Bernard Nivollet

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 1986

DOI: http://dx.doi.org/10.5089/9780939934683.084

ISBN: 9780939934683

Keywords: expenditure, pension, social expenditure, pensions, unemployment

Most of the seven major industrial countries are now experiencing significant changes in their demographic structure. A persistent pattern of declining fertility and improving life expectancy has created major segm...

International Capital Markets
			: Developments and Prospects

International Capital Markets : Developments and Prospects »

Series: Occasional Papers

Author(s): Donald Mathieson , Eliot Kalter , Maxwell Watson , and G. Kincaid

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 1986

DOI: http://dx.doi.org/10.5089/9780939934591.084

ISBN: 9780939934591

Keywords: bond, bonds, claims, bond issues, international capital markets

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows....

World Economic Outlook
			: September 1984

World Economic Outlook : September 1984 »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 1984

DOI: http://dx.doi.org/10.5089/9781557750860.084

ISBN: 9781557750860

Keywords: current account, oil exporting countries, exports of goods, exporters, official creditors

Recent indicators suggest that activity in the world economy is strengthening more rapidly than projected by the staff six months ago. This is especially true of the United States, but the staff has also revised up...

The Exchange Rate System
			: Lessons of the Past and Options for the Future

The Exchange Rate System : Lessons of the Past and Options for the Future »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 1984

DOI: http://dx.doi.org/10.5089/9781557750648.084

ISBN: 9781557750648

Keywords: exchange rate, exchange rates, exchange rate system, exchange rate movements, balance of payments

The last few years have witnessed a resurgence of calls for a re-examination, or perhaps even a reform, of the international monetary system. This paper contributes to the ongoing debate on that subject in three wa...

Issues in the Assessment of the Exchange Rates of Industrial Countries

Issues in the Assessment of the Exchange Rates of Industrial Countries »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 1984

DOI: http://dx.doi.org/10.5089/9781557750761.084

ISBN: 9781557750761

Keywords: Developed countries, Exchange rates, exchange rate, current account, capital flows, effective exchange rate

In its surveillance activities, the Fund is frequently confronted with the difficult problem of how to identify exchange rate behavior that is unrelated to underlying economic and financial conditions and, conseque...

World Economic Outlook

World Economic Outlook »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 1984

DOI: http://dx.doi.org/10.5089/9781557750853.084

ISBN: 9781557750853

Keywords: current account, balance of payments, current account deficit, exporting countries, debt service

Although still beset with many problems, the world economy took a decided turn for the better in 1983....

Government Employment and Pay
			: Some International Comparisons

Government Employment and Pay : Some International Comparisons »

Series: Occasional Papers

Author(s): Alan Tait , and Peter Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 1983

DOI: http://dx.doi.org/10.5089/9781557750686.084

ISBN: 9781557750686

Keywords: employment, wage, wages, government employment, salaries

How many people are employed by the government? How many are employed by the central government compared with the state and local authorities? How many are employed in public enterprise? How much are they all paid?...

International Capital Markets
			: Recent Develpments and Short-Term Prospects, 1981

International Capital Markets : Recent Develpments and Short-Term Prospects, 1981 »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 August 1981

DOI: http://dx.doi.org/10.5089/9781557750709.084

ISBN: 9781557750709

Keywords: bond, capital markets, international capital markets, capital market, bond issues

This paper provides a review of recent developments and an assessment of short-term prospects for private international capital markets, which constitute one of the main sources of international capital flows....

Thoughts on An international Monetary Fund Based Fully on the SDR

Thoughts on An international Monetary Fund Based Fully on the SDR »

Series: Pamphlet Series

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1979

DOI: http://dx.doi.org/10.5089/9781451946246.054

ISBN: 9781451946246

Keywords: reserve tranche, monetary fund, reserve tranche positions, reserve positions, balance of payments

This paper discusses the possibility of an IMF that would be based fully on the special drawing right (SDR). The paper explores the basic economic justification for a General Department restructured in this way, th...