Review of the Fund's Mandate Follow-Up on Modernizing Surveillance

The paper reviews the adequacy of the Fund's precautionary balances and proposes a more transparent and rules-based framework for adjusting the precautionary balance target through time. The framework seeks to provide sufficient flexibility to capture the main elements considered relevant by th...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:Policy Papers
Subjects:
Pp
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a The paper reviews the adequacy of the Fund's precautionary balances and proposes a more transparent and rules-based framework for adjusting the precautionary balance target through time. The framework seeks to provide sufficient flexibility to capture the main elements considered relevant by the Board in the past when setting the target and draws on approaches followed by other IFIs, adapted to the particular circumstances of the Fund