2011 Triennial Surveillance Review : External Commentary.

Commentary prepared by Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, London: "With countries naturally reluctant to cede any control over their own monetary and fiscal policies, it is likely that the IMF will have as instruments only the powers of analysis, per...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2011.
Serie:Policy Papers; Policy Paper ; No. 2011/062
Soggetti:
Accesso online:Full text available on IMF
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520 3 |a Commentary prepared by Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, London: "With countries naturally reluctant to cede any control over their own monetary and fiscal policies, it is likely that the IMF will have as instruments only the powers of analysis, persuasion, and, in Keynes" own favourite words, "ruthless truth-telling". That phrase does not conjure up many memories of any of the many international meetings I have attended. But unless the IMF has the self-confidence to play that role, its deliberations and statements will carry little weight. The Fund requires an independent, respected and clear voice." Mervyn King, 2006. 
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