CIGI '12 Session 3 – Strengthening IFIs to Promote Effective International Cooperation – Video

Video Link: https://www.youtube.com/watch?v=QWdmGpH2Mbw

CIGI #39;12 Session 3 - Strengthening IFIs to Promote Effective International Cooperation
The third session focused on the role of the International Financial Institutions (IFIs) as the key institutions of multilateral cooperation, assisting their members through the provision of key public goods. The International Monetary Fund (IMF) plays a key role in promoting the public good of international financial stability by assisting its members in striking the right balance between financing and adjustment and by encouraging timely policy adjustments and identifying potential risks through its surveillance of members #39; policies (issues of key importance in terms of both crisis resolution and crisis prevention). To be effective, however, the Fund must be viewed as legitimate, credible and effective. A key issue here is ensuring that voting quota shares accurately reflect the shifting weight of its members in the global economy. At the same time, there is a need to complete the institutional arrangements under which the IMF operates to align them with the evolution that has occurred over the past 30 years in global financial markets. As private capital flows have increased in importance, the Fund #39;s ability to operate under the simple, transparent and incentive-compatible rules of balance of payments adjustment has been impaired. Instead of assisting its members to deal with current account problems, filling balance of payments gaps mdash;thereby providing members time (or breathing space) to smooth the adjustment process mdash; the Fund must now attempt to influence the ...From:cigivideosViews:2 0ratingsTime:01:44:18More inEducation

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CIGI '12 Session 3 - Strengthening IFIs to Promote Effective International Cooperation - Video