Policy coordination and future IMF surveillance

With no emerging-market crisis looming immediately on the horizon and with current-account imbalances an increasingly pressing issue, the debate on the architecture of the international monetary and financial system has shifted from preventing, managing and resolving debt and currency crises to resolving global imbalances. The focus of the International Monetary Fund's managing director's report on implementing the Fund's medium-term strategy and of the International Monetary and Financial

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