THE-INTERNATIONAL-MONETARY-FUND.ppt

,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,AN OVERVIEW OF THE GLOBAL FINANCIAL SYSTEM,(,TOPIC 02,),Main Reference,International Centre for Education in Islamic Finance.(2006).,Islamic Financial Institutions and Markets.,.Kuala Lumpur:INCEIF,TOPICS,Introduction,The International Monetary Fund,The World Bank,The Regional Development Banks,The Bank for International Settlements,The European Monetary System,The Islamic Development bank,Summary,INTRODUCTION,Global Financial system,Supranational Institution,Role:,Safety and stability to cross border transaction,Advisory and aid work,In fact similar objectives but may play different role,THE INTERNATIONAL MONETARY FUND,History and Introduction,Bretton woods conference(July 1944),Official existence came in December 1945,THE INTERNATIONAL MONETARY FUND,Organizational Structure,Executive Board,Board of Governors,International Monetary and Financial Committee,Development Committee,Five core members,THE INTERNATIONAL MONETARY FUND,Objectives,Promote international monetary cooperation,Facilitate expansion and balanced growth international trade,Promote exchange stability,Establishment of a multilateral system of payment,THE INTERNATIONAL MONETARY FUND,Objectives,Provide confidence to members,Lessen and shorten the degree of disequilibrium,THE INTERNATIONAL MONETARY FUND,Following areas are covered,Macroeconomic policy,Tax policy and revenue administration,Expenditure management,Monetary policy,Exchange rate system,Financial sector sustainability,Macroeconomic and financial statistics,THE INTERNATIONAL MONETARY FUND,Crisis reaction,Criticisms,Wrong fiscal and monetary policy,Macroeconomic policy recommendations are not sound,Moral hazard,Too much intervene in financial crisis,Dont pay attention to the social impact of the financial crisis,THE INTERNATIONAL MONETARY FUND,The way ahead,End,Q&A,