Should the IMF Pursue Capital-Account Convertibility?
AbstractIn September 1997, at its Hong Kong meeting, the Interim Committee of the International Monetary Fund (IMF) adopted a statement on the liberalization of international capital movements. It asked the executive boeard of the Fund to complete work on an amendment to the IMF's Articles of Agreement that would make the liberalization of capital movements one of the purposes of the Fund and would extend the Fund's jurisdiction by requiring member governments to assume "carefully defined and consistently applied obligations" with regard to capital-account liberalization. In effect, the Interim Committee was recommending that the definition of currency convertibility in the Fund's Articles, which is currently limited to current-account transactions, be extended to capital-account transactions as well.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by International Economics Section, Departement of Economics Princeton University, in its series Princeton Essays in International Economics with number 207.
Length: 80 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
Phone: (609) 258-4000
Fax: (609) 258-6419
Web page: http://www.econ.princeton.edu/
More information through EDIRC
CAPITAL ; IMF;
Find related papers by JEL classification:
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.