Should the IMF Become More Adaptive?

February 1, 1996

Preview Citation

Format: Chicago

Ian D. Clark Should the IMF Become More Adaptive?, (USA: International Monetary Fund, 1996) accessed November 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper addresses the question: Should the International Monetary Fund be making an even greater effort to adapt its objectives, priorities, rules, instruments, procedures, and resources to take account of changes in the global economic environment and in the needs of its members? It reviews the changes in the economic and geopolitical environment most relevant to the Fund and the ways the institution has adapted to date. It identifies the general factors that tend to inhibit adaptation in international institutions, and some of the specific factors that can facilitate adaptation in the case of the Fund. It concludes that the Fund should, indeed, be making even greater efforts to adapt, but that efforts in this regard should take account of the identified factors.

Subject: Banking, Currencies, Environment, Exchange rate flexibility, Exchange rates, Foreign exchange, Labor, Money

Keywords: Currencies, Decision-making system, Exchange rate, Exchange rate flexibility, Exchange rates, Fund mission, Global, IMF decision-making process, IMF management, IMF membership, IMF practice, IMF staff, IMF strength, Mexican peso, Rewards state, WP

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1996/017
Stock No:

WPIEA0171996
ISBN:

9781451843491
ISSN:

1018-5941

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