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International Monetary Fund. External Relations Dept.

. To evaluate whether countries are on sustainable development paths, policymakers must develop a more complete set of indicators (e.g., on equity, health, and culture)—indeed, efforts to do so are under way at the World Bank and the United Nations. The proceedings of the May 10-11, 1995, IMF seminar on “Macroeconomics and the Environment” will be available in a forthcoming IMF volume . New Economics Journals from Cambridge Asia-Pacific Economic Review Published on behalf of EMBA, Inc . The dramatic economic expansion of the Asia-Pacific region has led to

Mr. Peter P Uimonen, Mr. Arvind Subramanian, Ms. Naheed Kirmani, Ms. Nur Calika, Mr. Michael P. Leidy, and Mr. Richard T. Harmsen


This study reviews major issues and developments in trade and their implications for the work of the IMF. Volume I, The Uruguay Round and Beyond: Principal Issues, gives an overview of the issues and developments in the world trading system. Volume II, The Uruguay Round and Beyond: Background Papers, presents detailed background papers on selected trade and trade-related issues. This study updates previous studies published under the title Issues and Development in International Trade Policy.

International Monetary Fund

coordination, monitoring, and control of behavior of member countries. The European Union, in its enlargement and the establishment of a monetary union, is one such example. 4 The main examples are the IMF volume on “Fiscal Federalism in Theory and Practice” ( Ter-Minassian (ed.), 1997) ; the proceedings of a 2000 International Conference on Managing Fiscal Decentralization ( Ahmad and Tanzi, 2002 ); and the “Handbook on Fiscal Federalism” (Ahmad and Brosio, 2007). 5 These countries are Bolivia, People’s Republic of China, Colombia, Democratic Republic of Congo

International Monetary Fund

consistent with the purposes of the Fund and that would establish adequate safeguards for repayment. 13 In J.K. Horsefield (ed.) (1969), “The International Monetary Fund, 1945-1965 – Twenty Years of International Monetary Cooperation,” (Washington DC: IMF), Volume II, p. 535. 14 Although a stand-by arrangement limited only to the first credit tranche is permitted, upper credit tranche stand-by arrangements have predominated. Their use would eventually spawn other facilities with upper credit tranche conditionality, notably the Extended Fund Facility (EFF

International Monetary Fund. Research Dept.
In the June 2016 issue of IMF Research Bulletin, Eugenio Cerutti interviews Lars E.O. Svensson. Lars, a professor at the Stockholm School of Economics, was a Visiting Scholar at the IMF. In the interview, he discusses monetary policy, financial stability, and life at the IMF. The Bulletin also features a listing of recent Working Papers, Staff Discussion Notes, and key IMF publications. The table of contents from the latest issue of IMF Economic Review is also included.