Strengthening IMF Crisis Prevention [electronic resource] Ostry, Jonathan David.
- Washington, D.C. : International Monetary Fund, 2005.
- IMF eLibrary
IMF Working Papers; Working Paper No. 05/206.
IMF Working Papers; Working Paper No. 05/206
- Government document
1 online resource (23 p.)
- Local subjects:
- Access to international capital.
Access to private capital markets.
Capital account crises.
Capital market access.
Current account deficits.
Early warning systems.
Economic Integration. -- General
Excessive capital inflows.
Exchange rate policy surveillance.
Global capital markets.
International capital markets.
International debt crisis.
International Economic Order.
International financial crises.
International Lending and Debt Problems.
International Monetary Arrangements and Institutions.
International Monetary Fund.
Large-scale crisis lending.
Loss of confidence.
Private capital markets.
- To better fulfill its crisis-prevention mandate, IMF surveillance needs to provide stronger incentives for countries to follow good policies and for markets to avoid boom-bust cycles in capital flows. To this end, surveillance should culminate in a summary public assessment of the quality of a country''s policies and stipulate the actions needed to address shortcomings. A country''s potential access to IMF credits should be linked to the quality of its policies in noncrisis periods in order to create stronger incentives for better policies and reduce incentives for capital to flow where it cannot be used in socially beneficial ways.
- Description based on print version record.
- Ostry, Jonathan David.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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