powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …

The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF … joining a program is driven by IMF conditionality: to be able to borrow from the IMF, the country has to submit to limits on … the consumption of public goods. The benefits derive from the additional borrowing from the IMF (at a lower interest rate …

provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank …

This paper provides an empirical evaluation of the Flexible Credit Line (FCL), the IMF's prime precautionary lending …

The International Monetary Fund (IMF) has played an important role in restructuring the Korean economy over the past … three years. Relying upon survey data collected in 1998 and 1999, this paper explores the role of the IMF in Korea, as … perceived by its citizens. In the eyes of the Korean people, the IMF helped their economy to recover from the crisis. However …

This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises …. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private … creditors and that several interventions in sequence may be necessary to avert an impending crisis. Absent of the IMF …

Using panel data for 188 countries over the period 1970-2002 this paper empirically analyzes the influence of the IMF … non-concessional IMF programs. Regarding voting coincidence with the US, World Bank (concessional and non …-concessional) loans have a significant impact, while the IMF has not. These results are robust to the inclusion of control variables and …

The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re …-examine the role, functions and governance of the Fund. In particular, the objective, scope and conduct of IMF surveillance have … been identified as a key area for renewal. In this paper, we offer a new vision for IMF surveillance. There are two main …