The International Monetary Fund (IMF) plays a substantial regulatory role in the international monetary and financial system. The IMF has been assigned a formal regulatory role in a limited number of areas such as obligations covering exchange rate policies. The Fund has a broader informal...

The special drawing right (SDR), issued by the International Monetary Fund (IMF), has the potential to strengthen dramatically the international monetary system. Established in 1969 and allocated twice during its first decade, the SDR was in the institutional closet from 1980 until 2009, when...

Intro -- Contents -- Preface -- Author's Note -- Chapter 1 The Agenda for IMF Reform -- The Case for IMF Reform -- The Content of IMF Reform -- An IMF Reform Package -- Final Comments -- Chapter 2 IMF Activities and Reform Efforts -- Mandate -- Tools and Activities -- Facts about the IMF and Its...

In the first decade of the 21st century the International Monetary Fund (IMF) faced crises of legitimacy, relevance, and budgetary finance. It now confronts what likely will be the worst global recession since World War II, potentially huge demands for its financial assistance with limited...

Cover -- Contents -- Preface -- Acknowledgments -- Chapter 1 Introduction and Summary -- The IMF and the International Monetary System -- Governance of the IMF -- IMF Lending Facilities -- IMF Financial Resources -- References -- Chapter 2 Overview on IMF Reform -- IMF Activities and Reform...