Current Developments in Monetary and Financial Law, Volume 4

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International Monetary Fund, 2005 - Business & Economics - 852 pages
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The Legal Department and the Institute of the IMF held their ninth biennial seminar for legal advisors of IMF member countries’ central banks, and the papers published in this volume are based on presentations made by officials attending this seminar. The seminar covered a broad range of topics, including sovereign debt restructuring, money laundering and the financing of terrorism, financial system and banking supervision, conflicts of interest and market discipline in the financial sector, insolvency, and other issues related to central banking.
 

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Contents

III
3
IV
17
V
41
VI
55
VII
77
VIII
99
IX
101
X
133
XXII
537
XXIII
539
XXIV
559
XXV
647
XXVI
663
XXVII
709
XXVIII
725
XXIX
727

XI
159
XII
167
XIII
193
XIV
195
XV
307
XVI
381
XVII
383
XVIII
425
XIX
481
XX
503
XXI
527
XXX
759
XXXI
761
XXXII
767
XXXIII
785
XXXIV
819
XXXV
821
XXXVI
825
XXXVII
829
XXXVIII
841
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Page 18 - To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy.
Page 36 - Exchange contracts which involve the currency of any member and which are contrary to the exchange control regulations of that member maintained or imposed consistently with this Agreement shall be unenforceable in the territories of any member.
Page 19 - Subject to the provisions of Article VII, Section 3 (b), and Article XIV, Section 2, no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions.
Page 18 - To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade.
Page 20 - All payments due in connection with foreign trade, other current business, including services, and normals hort-term banking and credit facilities ; (2) Payments due as interest on loans and as net income from other investments ; (3) Payments of moderate amount for amortization of loans or for depreciation of direct investments...
Page 3 - To give confidence to members by making the Fund's resources available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity.

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