Conference on IMF Reform
September 23, 2005
The proceedings of this conference have been published in Reforming the IMF for the 21st Century, Special Report 19 (Institute for International Economics, 2006).
Introduction and Summary
by Edwin M. Truman, Senior Fellow
Institute for International Economics
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Agenda
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 Opening Remarks |
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C. Fred Bergsten, Director Institute for International Economics
The IMF View on IMF Reform Rodrigo de Rato, Managing Director International Monetary Fund
The IMF: Back to the Basics Timothy D. Adams Under Secretary of the US Treasury |
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Session I |
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The IMF and the International Monetary System |
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Currency Manipulation and Enforcing the Rules of the International Monetary System Morris Goldstein, Senior Fellow Institute for International Economics
Revamping the International Monetary System John Williamson, Senior Fellow Institute for International Economics
Regional Arrangements and the IMF C. Randall Henning, Visiting Fellow Institute for International Economics and American University
The IMF and the Capital Account Rawi Abdelal Harvard Business School |
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Session II
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Governance of the IMF |
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Rearranging IMF Chairs and Shares Edwin M. Truman, Senior Fellow Institute for International Economics
IMF Governance and the Political Economy of a Consolidated European Seat Lorenzo Bini Smaghi European Central Bank
Internal Governance and IMF Performance Miles Kahler University of California, San Diego
A New Steering Committee for the World Economy? C. Fred Bergsten, Director Institute for International Economics
A Latin American View on IMF Governance Martin Redrado, Governor Central Bank of Argentina |
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Session III
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IMF Lending Facilities |
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The Case for a Lender-of-Last-Resort Role for the IMF William R. Cline, Senior Fellow Institute for International Economics and Center for Global Development
The Case Against the IMF as a Lender of Final Resort Gregor Irwin, Bank of England Chris Salmon, Bank of England
A Stability and Social Investment Facility Kemal Dervis, Administrator United Nations Development Program former Minister for Economic Affairs of Turkey Nancy Birdsall, President Center for Global Development
The Case for an IMF Insurance Facility Tito Cordella, International Monetary Fund Eduardo Levy Yeyati, Universidad Torucato Di Tella
A Shock-Smoothing Facility for the IMF Kristin Forbes MIT-Sloan School of Management former member of the US Council of Economic Advisers
The Policy Support Instrument: A Key Component of the Recent IMF Reform Movement John B. Taylor Stanford University former Under Secretary of the US Treasury
IMF Facilities for Post-Stabilization Low-Income Members Steven Radelet Center for Global Development
Reflections on the Function and Facilities for IMF Lending Michael Mussa, Senior Fellow Institute for International Economics |
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Session IV
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IMF Financial Resources |
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Does the IMF Need More Financial Resources? Ariel Buira Group of 24
How Should IMF Resources Be Expanded? Desmond Lachman American Enterprise Institute
Is the SDR a Monetary Dodo? Karin Lissakers former US Executive Director of the IMF
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Wrap-Up Panel
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C. Fred Bergsten, Director Institute for International Economics
Barry Eichengreen University of California, Berkeley
Mohamed El-Erian PIMCO
Tommaso Padoa-Schioppa Institute for International Affairs, Rome former member of the Board of the European Central Bank
Yu Yongding Institute of World Politics, Beijing |
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