2021 Comprehensive Surveillance Review— Modalities for Modernizing Surveillance

May 18, 2021

Preview Citation

Format: Chicago

2021 Comprehensive Surveillance Review— Modalities for Modernizing Surveillance, (USA: International Monetary Fund, 2021) accessed November 5, 2024

Summary

Modern Fund surveillance needs to be more targeted, topical and timely, better interconnected and better informed. Modernizing surveillance will likely require additional resources, although estimates are highly uncertain at this stage. The paper offers a tentative costing of new proposals with significant budgetary implications. Other proposals could rely on optimizing processes, while others are underway and funded separately; the resource implications of yet others are being picked up in context of other workstreams. Estimates do not include short-term transition costs or pressures on support services and are subject to a significant degree of uncertainty. A flexible approach to implementing the new modalities, characterized by experimentation and learning-by- doing—a “sandbox” for new modalities—is proposed.

Subject: Climate change, Corporate social responsibility, Economic sectors, Environment, Financial Sector Assessment Program, Financial sector policy and analysis, Monetary policy, Political economy, Spillovers, Systemic risk assessment

Keywords: Climate change, Contingent Policy advice, Corporate social responsibility, Financial Sector Assessment Program, Fund mission, Fund surveillance, Global, IMF surveillance, IMF's transparency policy, Policy advice, Spillovers, Surveillance activity, Systemic risk assessment

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2021/028
Stock No:

PPEA2021028
ISBN:

9781513578477
ISSN:

2663-3493

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