... of the IMF. There has been a steady extension of the Fund's surveillance beyond its traditional concern with macroeconomic conditions and monetary, fiscal and exchange rate policies in individual member-countries and with the functioning of the international monetary system. The rapid growth of private capital flows and the series of financial crises associated with massive reversals of such flows has ... of vulnerability and measures to prevent the emergence of crises. The G-7 Finance Ministers expect the IMF "in conducting its surveillance work, to continue to sharpen its focus on macr...

• Word Count: 3629
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate