On June 15, 2007, the International Monetary Fund (IMF) adopted the "2007 Decision on Bilateral Surveillance over Members' Policies," a landmark reform that modernizes th[...]

The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general[...]

The author empirically assesses the effects of institutional and political factors on the need and willingness of governments to make large fiscal adjustments. In contras[...]

The literature on fiscal adjustment focuses on the determinants of "successful" adjustment episodes that generate desirable outcomes (such as lower debt levels), but it g[...]

In this paper, we present a vision for IMF surveillance that seeks to produce a more accountable, transparent, and independent surveillance process. First, to make survei[...]

The author examines recent trends in sterilized intervention among emerging-market economies, to determine the size and extent of this policy in relation to earlier perio[...]

The authors assess the potential impact of recently approved reforms to International Monetary Fund (IMF) surveillance; namely, the "2007 Decision on Bilateral Surveillan[...]

The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re-examine the role, functions and governance of the F[...]