Article VIII Acceptance by IMF Members - Recent Trends and Implications for the Fund
Policy Papers, May 26, 2006
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Bibliographic details
- Published: May 26, 2006
- Series: Policy Papers
Overview and purpose
- Reports on work undertaken since the 1992 review.
- Seeks to encourage further progress in current account liberalization among the membership.
- Organized into thematic sections addressing legal, empirical, economic, and policy implications.
Legal framework (Section II)
- Provides an overview of the legal framework governing Article VIII obligations.
- Focus: characterization and interpretation of Article VIII obligations as they relate to members’ exchange restrictions and multiple currency practices.
Recent trends in members’ acceptance of Article VIII obligations (Section III)
- Studies recent trends in members’ acceptance of Article VIII obligations.
- Analyzes the factors underlying these trends.
Economic and financial benefits of current account liberalization (Section IV)
- Outlines the possible economic (and financial) benefits of current account liberalization for Fund members.
Implications for Fund work: surveillance, compliance, and technical assistance (Section V)
- Lays out implications for surveillance.
- Addresses enforcement of compliance with Article VIII obligations.
- Discusses technical assistance related to current account liberalization and Article VIII obligations.
Article VIII Acceptance by IMF Members - Recent Trends and Implications for the Fund, May 26, 2006
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- Article VIII Acceptance by IMF Members: Recent Trends and Implications for the Fund; May 26, 2006