2011 Triennial Surveillance Review - External Commentary - Surveillance by the International Monetary Fund
August 15, 2011
Preview Citation
Format: Chicago
Summary
"With countries naturally reluctant to cede any control over their own monetary and fiscal policies, it is likely that the IMF will have as instruments only the powers of analysis, persuasion, and, in Keynes" own favourite words, "ruthless truth-telling". That phrase does not conjure up many memories of any of the many international meetings I have attended. But unless the IMF has the self-confidence to play that role, its deliberations and statements will carry little weight. The Fund requires an independent, respected and clear voice." Mervyn King, 2006.
Subject: Developed countries, Fund role, Relationships with Fund, Surveillance, Technical assistance
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Policy Papers
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