International Monetary Fund (IMF)
IMF Survey, Vol. 31, No. 12
SURVEY - The latest edition of the IMF Survey includes comment on the IMF's Global Financial Stability Report, excerpts of a speech by Anne Krueger on sovereign debt restructuring and an interview with Kenneth Rogoff and Jeromin Zettelmeyer on the roots…
Extreme Contagion in Equity Markets
RESEARCH - IMF Working Paper by Jorge Chan-Lau, Donald Mathieson and James Yao of the International Capital Markets Department, 18 June. Their results suggest that contagion patterns differ significantly within regions with Latin America showing an…
The role of fiscal policy in crisis situations
ARTICLE - Flemming Larsen, Director of the IMF Office in Europe, has responded to Joseph Stiglitz's in Les Echos on June 3, 'L'actualite de Keynes'. Larsen counters criticisms that the IMF imposes hardship on crisis-stricken countries, as they only point…
Argentina pledges not to use reserves to repay IMF
ARGENTINA - Economy minister Roberto Lavagna has assured the IMF technical mission currently visiting the country that central bank reserves will not be used to pay back loans from the IMF and the Inter-American Development Bank which are due to mature…
Bank Indonesia and govt to resolve loan dispute
INDONESIA - Bank Indonesia is close to putting an end to a dispute with the government which has continued for two years. A final agreement has yet to be reached to this problem which is rooted in the billions of dollars in liquidity support channeled to…
Brazil lands $10bn loan from IMF
BRAZIL - After nearly a week of falling currency, stock and bond markets, Brazilian central bank president Armenio Fraga and finance minister Pedro Malan announced that the country would tap into $10 billion of IMF loans. The World Bank also joined in…
IMF Quarterly Global Financial Stability Report
REPORT - The IMF has published its Global Financial Stability Report on market developments and issues for June 2002. It provides quarterly assessments of global financial markets and addresses emerging market financing in a global context. A transcript…
IMF mission arrives in Argentina
ARGENTINA - An International Monetary Fund mission landed in Argentina on Thursday to discuss the possibility of resuming billions of dollars in credit after a six-month freeze, which could open the door to other aid sources and help stop contagion to…
Gold in the IMF: A Factsheet
FACTSHEET - The IMF has published a factsheet detailing what its gold holdings are, how it acquired them, what its policy is on gold, and how and when it has used its gold in the past.
IMF Survey, Vol. 31, No. 11, 10 June
SURVEY - The latest fortnightly issue of the IMF Survey includes articles on world military spending, Independent East Timor, the pros and cons of tax incentives, financial development and economic growth, as well as interviews with John Shoven on US…
Speech by Thomas Dawson of the IMF, 13 Jun
SPEECH - The speech 'Stiglitz, the IMF and Globalization' continues the recent argument between the IMF and Joseph Stiglitz who Dawson describes as the IMF's Chief Critic. Dawson says in the speech "my defense for getting into the fight is the classic…
Speech by Anne Krueger, Dep MD of the IMF, 6 June
SPEECH - Anne Krueger, First Deputy Managing Director at the IMF, gave a speech on 'Sovereign Debt Restructuring and Dispute Resolution' at the Bretton Woods Committee Annual Meeting in Washington DC on June 6. She talks of the progress made on the two…
IMF working paper on the Estonian currency board
RESEARCH - This IMF working paper reviews the introduction of the Estonian kroon under a currency board arrangement. It examines the economic impact of its introduction and its role in the early success of Estonia's transition to a market economy.
IMF response to Lerrick-Meltzer proposals
REPORT - The IMF responds to the Lerrick-Meltzer proposal to involve the private sector in the resolution of financial crises. It ultimately concludes that their proposals 'would not be a valuable addition to the existing instruments of the Fund'.
Argentina and IMF talks on loans to begin at last
USA - Argentina and the International Monetary Fund will begin talks next week on new loans to revive the economy. IMF spokesman Thomas Dawson remarked on Argentina's "substantial progress" in meeting conditions for the new talks, saying they "have been…
Blejer considers resignation after IMF agreement
ARGENTINA - Argentina's central bank president Mario Blejer is considering resigning once he designs a new monetary programme, implements a plan to convert deposits into bonds and helps obtain a loan from the International Monetary Fund, according to a…
IMF Research Bulletin, June 2002
RESEARCH - The report includes summaries of IMF research on the empirical analysis of exchange rates and on pension reform, a country study on Brazil, as well as coverage of conferences on National Poverty Reduction Strategies and Macroeconomic Policies…
IMF approves Zambian funds
ZAMBIA - The International Monetary Fund (IMF) has approved $317m (£216.4m) financing for Zambia's 2002 economic plan to target poverty reduction.
Argentina scraps key economic law
ARGENTINA - Argentine senators have ditched a controversial law that has been putting off international lenders. The IMF has made abolition of Argentina's so-called economic subversion law a condition for lending to the cash-strapped nation to restart.
Speech by Shigemitsu Sugisaki of the IMF, 26 May
SPEECH - Making a speech titled 'Achieving Financial Stability: An International Perspective' Sugisaki talked about the efforts that are underway in individual countries and the international community to achieve and maintain financial stability.
IMF Press Release
PRESS RELEASE - IMF Managing Director meets Argentine Economy Minister, Board extends repayment of SRF, 21 May.
Issues in Electronic Banking: An Overview
RESEARCH - IMF Policy Discussion Paper, Monetary and Exchange Affairs Department, prepared by Andrea Schaechter, March 2002.
Speech by Stefan Ingves of the IMF, 15 May
SPEECH - In the speech 'Meeting the Challenges for the Chinese Financial Sector: What Have We Learned from Other Countries?' Ingves said that over the past decade, much has been achieved in building the institutions, markets, and legal infrastructure for…
IMF Economic Issues, May 2002
REPORT - Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders? by Timothy Lane and Steven Phillips , 3 May 2002.