The article presents an analysis of global trends in setting the inflation target and acceptable corridor fluctuations. Inflation targeting is important attribute monetary regime targeting, its main quantitative parameter. tendency 70 countries all over world are considered, which 41 have official recognition by International Monetary Fund (IMF) regarding regime. It was found that most set at 5...

In general in an organisation whose system of governance involves weighted voting, a member's weight in terms of the number of votes and the formal power it represents differ. Power indices provide a means of analysing this difference. The paper uses new algorithms for computing power indices for large games. Three analyses are carried out: (1) the distribution of Banzhaf voting power among mem...

The plan initiated by Japan for forming an Asian Monetary Fund in a mode of ASEAN+3 countries after financial crisis 1997 was not realised due to opposition from USA, IMF and China the revamped through CMI multilateral currency swap pacific nation’s joining with US Dollar hegemony but at present it is confronting Chinese supremacy over region. Thus, this paper author thought new bloc consisting...

This study tests whether international reserve accumulation is inflationary because of moral hazard and incentive effects. We use the 2009 allocation Special Drawing Rights (SDR) as a natural experiment to trace effect an exogenous nonmonetary shock on International Monetary Fund members' holdings. In countries that received large SDR allocations, inflation was about half percentage point highe...

This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from Financial Sector Reform Strengthening Initiative, (FIRST).The aim to deliver report that provides emerging market developing economies roadmap in their local currency bond markets (LCBMs). will also inform technical assistance missions advisi...

T H E URGENT IMPORTANCE of e x t e n d i n g specia l a i d t o c h i l d r e n i n w a r d e v a s t a t e d coun t r i es , a s p rov ided by t h e reso lu t ion of t h e U n i t e d N a t i o n s G e n e ra l Assembly c r e a t i n g t h e I n t e r n a t iona l Ch i ld ren ' s E m e r g e n c y F u n d , 1 becomes m o r e ev iden t a s fuller i n fo r m a t i o n conce rn ing t h e cond i t...

This article discusses the International Monetary Fund’s recent effort to garner legitimacy by incorporating reduction of economic inequality in its lending programs. It argues that impact US as a major shareholder on conditionality and geopolitical considerations beyond objective measurable necessities detract from these efforts expand legitimacy. Using panel data analysis Fund programs betwee...

The global financial and economic crisis triggered sharp output contractions in almost all industrialized economies in 2009 for the first time in the post-Second World War era. Besides the direct impacts of this contraction in developed economies, subsequent declines in cross-border trade and the rising cost of finance had serious negative effects on emerging and developing economies. In partic...

The relationship between health policy in low-income countries (LICs) and structural adjustment programs devised by the International Monetary Fund (IMF) has been the subject of intense controversy over past decades. While the influence of the IMF on health policy can operate through various pathways, one main link is via public spending on health. The IMF has claimed that its programs enhance ...