Article VIII Acceptance by IMF Members - Recent Trends and Implications for the Fund

Publication Date:

May 26, 2006

Electronic Access:

Free Full text (PDF file size is 325 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper reports on the work undertaken in this area since the 1992 review and seeks to encourage further progress in current account liberalization among the membership. Section II provides an overview of the legal framework; Section III studies recent trends in members’ acceptance of Article VIII obligations, and analyzes the factors underlying these trends; Section IV outlines the possible economic (and financial) benefits of current account liberalization for Fund members; finally, Section V lays out the implications for surveillance, the enforcement of compliance with Article VIII obligations and technical assistance.

Series:

Policy Papers

Subject:

English

Publication Date:

May 26, 2006

Price:

Free

Format:

Paper

Please address any questions about this title to publications@imf.org