“Despite these and other similarities, however, the Bank and the IMF remain distinct. The fundamental difference is this: the Bank is primarily adevelopmentinstitution; the IMF is acooperativeinstitution that seeks to maintain an orderly system of payments and receipts between nations. Each has a ...
The article discusses the roles of the International Monetary Fund (IMF) and the World Bank in financial sector reform and compliance. It is stated that the financial crises during the 1990s acted as a catalyst for efforts to improve banking supervision and compliance. Accordingly, the IMF and ...
IMF conditionality and central bank independence 2019, European Journal of Political Economy Citation Excerpt : On the other hand, US interest rate conditions determine the attractiveness of their domestic financial markets and thus borrowing conditions of many developing countries.20 In particular, in ti...
As the bloc's five emerging economies "are getting integrated in the global economy, it has advocated certain balance in dealing with the Western countries and the institutions such as the IMF (International Monetary Fund)/World Bank or universally accepted norms," the Indian expert added. "It ...
The IMF is an international financial institution that was formed with the goal of reducing poverty by fostering global economic growth and stability. Whilst some would dispute whether the IMF does in fact reduce poverty, overall it can be seen that this institution has been a key player in thi...
Should the IMF Pursue Capital-Account Convertibility? In September 1997, at its Hong Kong meeting, the Interim Committee of the International Monetary Fund (IMF) adopted a statement on the liberalization of international capital movements. It asked the executive boeard of the Fund to comple... S...
The IMF is an international organisation established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth, a stable economic environment, high levels of employment; and to provide temporary financial assistance to countries to help ea...
The latest figures available are at − 6.5 (and stable; see IMF, 2007) and 9.5 (and rising; see OECD, 2007) respectively.1 Under such circumstances, the global current account imbalances are naturally becoming one of the most debated issues in applied international macroeconomics, and the ...
The sizes of multipliers estimated using the DSGE model built by the RA Ministry of Finance together with IMF specialists [21] are similar to the results obtained using the SVAR model. The above-mentioned studies also assessed the impact of current expenditures on real GDP growth and other ...
Journal of International Economics xxx (2011) xxx–xxx ☆ We thank James Rauch, Peter Schott, Nina Pavcnik, Jon Vogel, David Weinstein, Chong Xiang, and seminar participants at Columbia, NBER China Working Group, NBER ITI Winter Meetings, IMF and World Bank. We thank the Social Enterprise Pr...