- International Monetary Fund
- Published Date:
- December 1999
External Evaluation of IMF Surveillance
Report by a Group of Independent Experts
International Monetary Fund
© 1999 International Monetary Fund
Design and composition: Alicia Etchebarne-Bourdin
Cover design and charts: IMF Graphics Section
Library of Congress Cataloging-in-Publication Data
External evaluation of IMF surveillance : report / by a group of independent experts.
Includes bibliographical references.
ISBN 1-55775-863-8 (pbk.)
1. International Monetary Fund. 2. Economic policy—Evaluation. I. International Monetary Fund.
HG3881.5.I58 E95 1999
Please send orders to:
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700 19th Street, N.W., Washington, D.C. 20431, U.S.A.
Tel.: (202) 623-7430 Telefax: (202) 623-7201
- Glossary of Abbreviations
- Part I Statement by Thomas Bernes, Chairman of the Evaluation Group of Executive Directors, on the Report of the External Evaluation of Surveillance, August 27, 1999
- Part 2 External Evaluation of Surveillance Report
- Part 3 Statement by the Managing Director on the Report of the External Evaluators on Fund Surveillance, Executive Board Meeting, August 27, 1999
The following symbols have been used throughout this book:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1996-97 or January-June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1996/97) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term “country,” as used in this book, 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.
- Executive Summary
- I Introduction
- II Conduct and Methods
- III Substance
- IV Impact
- V Conclusions and Recommendations
Glossary of Abbreviations
Asia-Pacific Economic Cooperation
Association of South East Asian Nations
Bank for International Settlements
Contingent Credit Line
Coordinating Group on Exchange Rates
Commonwealth of Independent States
European Central Bank
European Council of Finance Ministers
Economic and Monetary Union
exchange rate mechanism
early warning system
Financial Sector Stability Assessment
Group of Seven
Group of 22
Gulf Cooperation Council
International Capital Markets report
Institute of International Finance
International Labor Organization
International Organization of Securities Commissions
Monetary and Exchange Affairs Department
Organization for Economic Cooperation and Development
Policy Development and Review Department
Press/Public Information Notice
Recent Economic Developments report
World Economic and Market Developments
World Economic Outlook