Tetangco Welcomes Expansion of IMF Surveillance Mandate over Its Members

Manila Bulletin, July 21, 2012 | Go to article overview

Tetangco Welcomes Expansion of IMF Surveillance Mandate over Its Members


MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) welcomed the International Monetary Fund's expansion of its surveillance mandate to improve its oversight of the global economy.

"Improvements in surveillance are always welcome, especially moves to incorporate domestic policies," BSP Gov. Amando M. Tetangco Jr. said in a statement.

The IMF's executive board will make permanent a pilot program that studies how some countries' policies may be harming other economies and threatening to destabilize the global system of trade, finance and output. The new oversight tools, according to IMF Managing Director Christine Lagarde, are "important steps in rebooting the way the fund conducts surveillance."

Tetangco agreed: "There has long been a tradition in multilateral surveillance to focus on exchange rates and external stability. Given that policies to improve domestic demand

have principally supported global growth during this crisis, it will be instructive to compare and determine how these policies can spill over or may have spilled over across jurisdictions."

"In the current challenging and highly interconnected global economic environment, it is critical to have effective surveillance to enable the early detection of risks and provide timely policy advice," Ms. Lagarde said.

The IMF's assessment could help give weight to debates in the international arena over countries' economic policies. Trying to stabilize an off-kilter global economy last year, the Group of 20 largest industrialized and developing economies looked to the IMF to help establish a basic set of economic measurements that would help the G-20 gauge when a country's policies were potentially destabilizing. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Tetangco Welcomes Expansion of IMF Surveillance Mandate over Its Members
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.