IMF Exchange Rate Policy Advice

Full Text of the Main Report

Overview

English

Full Report by Sections
Foreword
1. Introduction and Context
2. Is the IMF's Role in Exchange Rate Policy Well Defined and Understood?
3. What Has Been the Quality of IMF Analysis and Advice?
4. The IMF's Policy Dialogue and the Impact of Its Advice
5. Findings and Recommendations
Statement by the Managing Director on the IEO Evaluation
Staff Response to the IEO Evaluation
IEO Response to the Statement by the Managing Director and Staff Response
Summing Up of the Executive Board Discussion
Background Documents
1. Principles and Procedures of IMF Exchange Rate Surveillance
2. Executive Board Guidance on Exchange Rate Surveillance, 1999-2005
3. The Equilibrium Exchange Rate: Alternative Concepts and Their Applications in IMF Surveillance
4. Characteristics of IMF Exchange Rate Surveillance: A Full Review of Country Documents
5. A Review of IMF Exchange Rate Surveillance in 30 Economies, 1999-2005
6. IEO Survey of the Authorities and Staff
7. Assessing the Effectiveness and Impact of IMF Exchange Rate Surveillance
8. List of Interviewees
Press Releases
IEO Releases Report on IMF Exchange Rate Policy Advice
Webcast of Press Briefing on the IEO Evaluation
Transcript of Press Briefing on the IEO Evaluation
Follow Up
Implementation Plan in Response to Board-Endorsed Recommendations Arising from the IEO Report on the Evaluation of the IMF Exchange Rate Policy Advice
Update
IMF Exchange Rate Policy Advice – Evaluation Update

Contact Info

Independent Evaluation Office
of the International Monetary Fund

700 19th Street, N.W., Washington, D.C., 20431 U.S.A.

ieo@imf.org

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