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

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

IMF Exchange Rate Policy Advice

Full Report

Full text of entire report including all related documents

Full text of the main report only

Overview, Findings and Recommendations only:

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Full Report by Sections

I. Introduction and Context

II. Is the IMF's Role in Exchange Rate Policy Well Defined and Understood?

III. What Has Been the Quality of IMF Analysis and Advice?

IV. The IMF's Policy Dialogue and the Impact of Its Advice

V. Findings and Recommendations

Background Document I - Principles and Procedures of IMF Exchange Rate Surveillance

Background Document II - Executive Board Guidance on Exchange Rate Surveillance, 1999-2005

Background Document III - The Equilibrium Exchange Rate: Alternative Concepts and Their Applications in IMF Surveillance

Background Document IV - Characteristics of IMF Exchange Rate Surveillance: A Full Review of Country Documents

Background Document V - A Review of IMF Exchange Rate Surveillance in 30 Economies, 1999-2005

Background Document VI - IEO Survey of the Authorities and Staff

Background Document VII - Assessing the Effectiveness and Impact of IMF Exchange Rate Surveillance

Background Document VIII - List of Interviewees

Management Response

IEO Comments on Management and Staff Responses

The Chairman's Summing Up

Press Release

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

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

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