Exchange rate analysis lies at the center of the IMF"s surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. This book provides a sample of the topics the IMF staff typically examine under the broad rubric of exchange rate analysis, encompassing several topics: determination and impact of the real exchange rate, assessing competitiveness and the equilibrium real exchange rate in specific countries or country groups, and considerations in the choice of exchange rate regime.--Publisher"s description.
Includes bibliographical references.
|Statement||Carlo Cottarelli ... [et al.], editors.|
|Contributions||Cottarelli, Carlo., International Monetary Fund.|
|LC Classifications||HG3851 .E879 2008|
|The Physical Object|
|Pagination||xviii, 332 p. :|
|Number of Pages||332|
|LC Control Number||2009275452|
Title: Exchange Rate Analysis in Support of IMF Surveillance: A Collection of Empirical Studies Books Date: September 8, Real Exchange Rates and Fundamentals: A Cross-Country Perspective Author. IMF SURVEILLANCE: METHODS OF EXCHANGE RATE ASSESSMENTS Norbert Funke, Director, Joint Vienna Institute University of Munich, 17 June The views expressed in this presentation are those of the author and do not necessarily represent those of the International Monetary Fund (IMF) or the Joint Vienna Institute (JVI) or IMF policy or JVI. External evaluation of IMF surveillance: report / by a group of independent experts. p. cm. Includes bibliographical references. ISBN (pbk.) 1. International Monetary Fund. 2. Economic policy—Evaluation. I. International Monetary Fund. HGI58 E95 '52—dc21 Price: US$ Please send orders to. A core function of IMF surveillance is providing multilaterally consistent assessments of member countries’ external sector, including their exchange rates, current accounts, reserves, capital flows, and external balance sheets. This is done comprehensively in Article IV consultations and in the External Sector Report. This report, which has been produced .
A core responsibility of the IMF is to oversee the international monetary system and monitor the economic and financial policies of its member countries, an activity known as surveillance. As part of this process, which takes place at the global, regional, and country levels, the IMF identifies potential risks to stability and recommends appropriate policy adjustments . "Surveillance" is the catch-all term encompassing the process by which the IMF oversees the international monetary system and global economic developments and monitors the economic and financial policies of its member countries. To support balance sheet analysis, the Statistics Department has developed a template to generate the balance. Exchange rate analysis has been at the core of IMF surveillance. The Articles of Agreement state that the IMF is, among others: “to promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation.” In addition, under the. IMF Surveillance over China’s Exchange Rate Policy By Michael Mussa Senior Fellow IMF exchange rate surveillance in a recent report of the IMF’s Independent Evaluation Office (IMF c), progress has been made in this area since analysis of, global economic and financial developments and of key risks to.
Exchange rate analysis lies at the center of the IMF's surveillance mandate and policy advice, as well as in the design of IMF-supported programs, and IMF staff are called upon to analyze a variety of exchange rate issues in various member countries, both small and large, from the least economically developed to the most advanced, and from those whose currencies circulate only locally to those whose currencies are of global importance. plement firm surveillance over members’ exchange rate policies, and re-lated analytical work lost priority. However, the ERM crisis of the early s and the fall of the dollar in early brought renewed activity and interest in IMF surveillance over exchange rates. This activity and interest deepened as a number of impor-. IMF EXCHANGE RATE POLICY ADVICE | EVALUATION UPDATE 1 EXECUTIVE SUMMARY T he IEO evaluation of IMF Exchange Rate Policy Advice found that the IMF was “not as effective as it need[ed] to be” in fulfilling its responsibilities for exchange rate surveillance in the period – It acknowledged the inherent complexity of. Featured Best Sellers Titles Exchange Rate Analysis in Support of IMF Surveillance: A Collection of Empirical Studies edited by Carlo Cottarelli, Atish .