The International Monetary Fund and Regulatory Challenges

Edwin Truman

No WP09-16, Working Paper Series from Peterson Institute for International Economics

Abstract: The International Monetary Fund (IMF) plays a substantial regulatory role in the international monetary and financial system. The IMF has been assigned a formal regulatory role in a limited number of areas such as obligations covering exchange rate policies. The Fund has a broader informal regulatory role derived from the voluntary consent of its members such as in surveillance over members’ financial sector policies and international payments imbalances. The IMF’s regulatory role is unlike that of its member governments within their own jurisdictions. The Fund’s formal and informal regulation must be constantly nurtured and renewed via peer-review processes.

Keywords: IMF; Articles of Agreement; regulation; Special Data Dissemination Standard (SDDS); General Data Dissemination System (GDDS); Bretton Woods; WTO; special drawing rights (SDR) (search for similar items in EconPapers)
JEL-codes: F13 F53 O19 P45 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-reg
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