On the need for an international lender of last resort

Article Abstract:

The International Monetary Fund is not an international central bank, but has carried out a number of significant lender of last resort functions in the present international financial system. In most cases, it has acted in collaboration with other official agencies. It can be argued that the role of the International Monetary Fund can become more effective in a revised international financial system. It will be particularly important to develop better ways of involving the private sector in financing the resolution of crises.

International Monetary Fund, International economic relations

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Exchange rate regimes: is the bipolar view correct?

Article Abstract:

A study of the operation of exchange rate mechanisms is presented. The use and efficacy of hard peg, intermediate and floating exchange rate regimes in developed and developing countries and the basis for the bipolar argument are examined.

Foreign exchange

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Policy watch: debt relief

Article Abstract:

The proposals of G-8 countries, during 2005 Gleneagles conference, to revoke debt claims by World Bank and African Development Bank on poorest countries, are examined.

United States, Government expenditures, International Affairs, Scotland, Industrialized Countries, Developing Countries, World Bank, African Development Bank, Analysis, Conferences, meetings and seminars, External debt relief, Debt relief, Government finance

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