The Unique Nature of the Responsibilities of the IMF
Manuel Guitián
Contents
Prefatory Note
Introduction
Fundamental Character of the Institution
Basis for Institutional Cooperation
Key Institutional Functions
Common and Unique Institutional Thread
Surveillance at the Center
Mandate and Standpoint of Responsibility
Fundamental Principles of Operation
Acknowledgment of Diversity
Surveillance from Other Perspectives
Jurisdictional Aspects
Financial Aspects
Technical Assistance Aspects
Surveillance and Conditionality
The Bretton Woods Order
Subsequent Adaptations
Challenges Ahead
Areas of Risk for the Code of Conduct
Universality
Uniformity
Neutrality
The Code of Conduct in Diverse Circumstances
Structural Adjustment and Growth
Capital Flows and External Debt
Economic Reform
Institutional Implications
Surveillance
Conditionality and Terms of IMF Assistance
A Cooperative Setting
Concluding Remarks
Bibliography
The opinions expressed in the pamphlet are those of the authors and should not be attributed to the Executive Directors of the International Monetary Fund or their national authorities.
Edited by Margaret Karsten
The term "country," as used in this pamphlet, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.
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