An IEO Evaluation of IMF Exchange Rate Policy Advice, 1999-2005

Report

Full text of entire report including all related documents in PDF Format (1.57 mb)

Full text of the main report only (1.56 mb)

Overview, Findings and Recommendations only:
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By Section

Abbreviations (42 kb)
Overview (34 kb)
I. Introduction and Context (112 kb)
II. Is the IMF's Role in Exchnage Rate Policy Well Defined and Understood? (85 kb)
III. What Has Been the Quality of IMF Analysis and Advice? (216 kb)
IV. The IMF's Policy Dialogue and the Impact of Its Advice (92 kb)
V. Findings and Recommendations (122 kb)
References (64 kb)

Background Document I - Principles and Procedures of IMF Exchange Rate Surveillance (82 kb)
Background Document II - Executive Board Guidance on Exchange Rate Surveillance, 1999-2005 (85 kb)
Background Document III - The Equilibrium Exchange Rate: Alternative Concepts and Their Applications in IMF Surveillance (216 kb)
Background Document IV - Characteristics of IMF Exchange Rate Surveillance: A Full Review of Country Documents (92 kb)
Background Document V - A Review of IMF Exchange Rate Surveillance in 30 Economies, 1999-2005 (122 kb)
Background Document VI - IEO Survey of the Authorities and Staff (233 kb)
Background Document VII - Assessing the Effectiveness and Impact of IMF Exchange Rate Surveillance (57 kb)
Background Document VIII - List of Interviewees (57 kb)

Management Response (34 kb)
Staff Response (157 kb)
IEO Comments on Management and Staff Responses (47 kb)
The Chairman's Summing Up (75 kb)

Press Release

IEO Releases Report on IMF Exchange Rate Policy Advice, 1999-2005

Press Briefing with IEO Director Tom Bernes and FDMD John Lipsky:
Webcast
Transcript

Follow Up

Public Information Notice (PIN) No. 07/119: IMF Executive Board Discusses Implementation Plan Following IEO Evaluation of the IMF's Exchange Rate Policy Advice, 1999-2005