Arbeitspapier
The need and scope for strengthening co-operation between regional financing arrangements and the IMF
This article makes the case for strengthening co-operation between regional financing arrangements (RFAs) and the International Monetary Fund (IMF), and examines ways to do so. It argues that ex ante co-operation between RFAs and the IMF is needed to reduce the risk of co-operation failing in the middle of a crisis, to help avoid “forum shopping” and institutional arbitrage, to prevent weakening the IMF’s role as the guardian of global financial stability, to minimise duplication, and to generate mutual benefits from a division of labour and specialisation based on the comparative advantages of the respective institutions. It calls for guidelines for organising the inter-institutional relations between the IMF and RFAs, a clear division of labour in crisis lending, and co-operation and exchange in surveillance and analysis. Co-operation with RFAs should be seen as a chance for the IMF to overcome its stigmatisation, strengthen its global role and ensure its continued relevance.
- ISBN
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978-3-88985-558-9
- Language
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Englisch
- Bibliographic citation
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Series: Discussion Paper ; No. 15/2012
- Classification
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Wirtschaft
- Subject
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Internationales Finanzsystem
Regionale + globale + transnationale Governance
- Event
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Geistige Schöpfung
- (who)
-
Volz, Ulrich
- Event
-
Veröffentlichung
- (who)
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Deutsches Institut für Entwicklungspolitik (DIE)
- (where)
-
Bonn
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Volz, Ulrich
- Deutsches Institut für Entwicklungspolitik (DIE)
Time of origin
- 2012
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