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The papers included in this volume were prepared for a conference held in honour of Jacques J.Polak, in recognition of his outstanding contribution to international economics and his distinguished service at the IMF. Prepared by a group of eminent scholars, the papers deal with a variety of subjects reflecting some of the foremost thinking on major policy issues of the day. They range from the future of the international monetary system to the sequencing of reforms in Eastern Europe.
Major themes in the writings of Jacques J. Polak; the early years of the International Monetary Fund; changing perspectives on the International Monetary System; monetary integration in Europe; some IMF problems after the Committee of Twenty; what future for the IMF?; failings of the SDR - lessons from three decades; borrowing by the Fund - ultra vires and other problems; recent evolution to Fund conditionality; the monetary character of the IMF; prudential supervision and monetary policy; national and international monetary policy; exchange rate arrangements, seigniorage, and the provision of public goods; how to warrant a sufficient level of energy supply to future generations; current issues in transition economics; the design of macroeconomic policy in the world economy - proposals for reform; the current account and the policy mix under flexible exchange rates; does the current account matter? the old view and the new; the quality theory of money in an open economy - variations on the Hume-Polak model.
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- ID: 9781557751966
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