Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a wide variety of exchange rate issues in various member countries, both small and large, from the least...

This paper argues that many developing countries may find it difficult to buttress disinflation programs purely through the adoption of traditional credibility-enhancing devices (such as monetary anchors and central bank independence), owing to “technical problems” (for example, high...

Von 25. bis 28. September dieses Jahres findet die Jahrestagung von Weltbank und Internationalem Währungsfond, IWF, in Prag statt. Auf der Agenda dieser Tagung wird voraussichtlich auch die Diskussion einer Neuorientierung des IWF stehen. Wie kaum eine andere internationale Organisation ist der...