same country, with such extremes as the 30 IMF and World Bank adjustment loans to Argentina over 1980-99 or the 26 …

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 …

, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively "new" IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …

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 …

The G20 summits in 2009 have proposed major changes in governance of the International Monetary Fund (IMF). Most … important seems to be the acknowledgment that the IMF in its current form lacks legitimacy and ownership. Accordingly, the G20 …

The authors assess the potential impact of recently approved reforms to International Monetary Fund (IMF) surveillance … for IMF surveillance. If implemented properly, the reforms could strengthen the effectiveness of surveillance and thus … enhance the IMF's ability to prevent crises and maintain a stable international financial system. Moreover, the impact of the …

arrangement with the IMF and the determinants of the financial size of such a program. Arguably the world and the global financial … architecture underwent structural changes after the ending of Cold War and so did the role of the IMF. Hence, we update and extend … related to these two dimensions of IMF program decisions. Furthermore, we show that it is important to distinguish between …

The International Monetary Fund (IMF) recently adopted the 2007 Decision on Bilateral Surveillance Over Members …’ Policies,ʺ a landmark reform that modernizes the general principles of IMF surveillance. However, support for the reform was …