[PDF] The Imf Approach To Economic Stabilization eBook

Author : Mr.Michael Mussa
Publisher : International Monetary Fund
Page : 43 pages
File Size : 13,72 MB
Release : 1999-07-01
Category : Business & Economics
ISBN : 1451852746

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This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming,” and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.

Author : Michael L. Mussa
Publisher :
Page : 42 pages
File Size : 35,7 MB
Release : 2006
Category :
ISBN :

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This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of quot;financial programming,quot; and explains the rationale for setting quantitative performance criteria for fiscal and monetary policy in IMF-supported arrangements. A main theme is that IMF-supported programs contain a great deal of flexibility to respond both to differences in circumstances and to changes in conditions in individual cases.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 94 pages
File Size : 12,12 MB
Release : 2012-04-18
Category : Business & Economics
ISBN : 1616352477

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The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.

Author : Manuel Pastor
Publisher : Routledge
Page : 228 pages
File Size : 43,11 MB
Release : 2021-05-31
Category : Debts, External
ISBN : 9780367308650

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The debt crisis in Latin America has rekindled debate about the effects of the IMF's stabilization programs in the Third World. Dr. Pastor argues that the traditional growth-oriented critique is theoretically misplaced, and he recasts Fund activities in terms of class and income distribution.

Author : Ariel Buira
Publisher : Anthem Press
Page : 363 pages
File Size : 23,93 MB
Release : 2005
Category : Business & Economics
ISBN : 1843311968

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An authoritative review of the position of the IMF and World Bank in their sixtieth year.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 34,6 MB
Release : 2015-10-23
Category : Business & Economics
ISBN : 1498344062

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Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.