Cover International Financial Institutions
International Financial Institutions
Dealing with New Global Challenges
Download PDF (1.4 MB) Download Epub

Abstract

This paper discusses how international financial institutions (IFIs) can deal with new global challenges. The paper highlights that surveillance is the primary responsibility of the IMF. To make it more effective, more attention should be paid to long-term, structural developments that, if left unaddressed, can over time create intractable rigidities and obstacles to growth. These include labor market rigidities, the consequences of demographic trends such as aging, and even the accumulation of international reserves. The interrelations between countries and the systemic impact of policies should also be a key focus of surveillance.

Buy Book in Print
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMed Close
Series:
Per Jacobsson lecture
Publisher:
International Monetary Fund
Language:
English
Publication Date:
04 Nov 2005
DOI:
https://doi.org/10.5089/9781451950199.028
ISBN:
9781451950199
ISSN:
0252-3108
Pages:
39
Keywords:
PJ; governor of the Banque de France; managing director of the International Monetary Fund; year's lecture; use of time; IMF surveillance; Lender of last resort; Emerging and frontier financial markets; Capital account liberalization; Liquidity; Global; Africa
  • Collapse
  • Expand