The Unique Nature of the Responsibilities of the International Monetary Fund
June 15, 1992
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Bretton Woods constituted the first formal international agreement on a code of conduct applicable for economic transactions among countries that had subscribed to it. This pamphlet focuses on only one aspect of that code of conduct: the norms that have guided the conduct of financial and exchange transactions among countries, as they have been presented in the original Articles of Agreement of the IMF and their subsequent amendments. The paper outlines the fundamental characteristics of the IMF, examines the direct link between surveillance and conditionalilty, explores potential risks and dangers that might compromise certain fundamental features of the institution, and presents a set of ideas and proposals to ensure the activities of the IMF maintain continuity of its institutional uniqueness.
Subject: Balance of payments, Balance of payments need, Capital flows, Exchange rate policy, Exchange rates, External debt, Foreign exchange
Keywords: Balance of payments need, Bretton Woods regime, Capital flows, economic system, Exchange rate policy, Exchange rates, Global, IMF activity, IMF equivalent, IMF function, IMF lender, IMF support, IMF surveillance, IMF transaction, IMF's portfolio, international community, PAM, planned economy, policy coordination, Policy instrument, Policy objective, structural adjustment
Pages:
76
Volume:
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DOI:
Issue:
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Series:
Pamphlet Series, No. 46
Stock No:
P046EA0000000
ISBN:
9781557752284
ISSN:
0538-8759
