Policy Papers
2004
August 17, 2004
Financial Sector Regulation - Issues and Gaps - Background Paper
August 13, 2004
The Role of the Fund in Low-Income Member Countries
Description: This paper is meant to frame the Fund's policy agenda for low-income member countries in the coming months. It presents a statement describing the role of the Fund in low-income member countries (Section II). It then raises a set of current policy issues stemming from that statement (Section III). Finally, the work program for the coming six months is presented referencing the relevant policy issues (Section IV). It does not include all the activities in which the Fund is engaged in its work with low-income member countries, nor is it a catalogue of the Fund's policies as regards low-income members.
August 13, 2004
Review of the Fund's Strategy on Overdue Financial Obligations
August 9, 2004
Safeguards Assessments -- Semi-Annual Update
August 4, 2004
Financial Sector Regulation - Issues and Gaps
Description: This paper addresses issues in financial sector regulation from two perspectives. First, it reports on the state of implementation of financial regulatory standards across banking, insurance, and securities sectors in a select group of Fund member countries. Second, it raises issues relating to the design of these three sector standards, arising from the implementation experience and the evolving structure of financial systems. In this regard, the paper identifies a few emerging regulatory risks and some cross-sectoral issues that may warrant further guidance by standard setters.
July 16, 2004
Signaling by the Fund - A Historical Review
Description: The objective of this paper is to review the Fund's thinking about signaling since its inception, with a view to drawing lessons for the design of possible signaling mechanisms. Over the years, the Fund has both reflected on the ways in which its main activities - especially surveillance and use of Fund resources (UFR) - send signals, and has created instruments for the express purpose of signaling. Overall, attempts to 'design' signaling mechanisms have been less than fully successful. This paper attempts to elucidate why, drawing primarily on the Fund's own thinking and assessments.
July 2, 2004