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This special issue on exchange rates is drawn from the Eighth Jacques Polak Annual Research Conference held at the International Monetary Fund in Washington in November 2007. The Mundell-Fleming Lecture by Stanley Fischer focuses on exchange rate systems, surveillance, and advice. Jeffrey Frankel and Shang-Jin Wei examine the techniques for estimating de facto exchange rate regimes, while J. Lawrence Broz, Jeffry Frieden, and Stephen Weymouth review survey data to discern exchange rate policy attitudes. In a paper entitled "Fear of Declaring", Adolfo Barajas, Lennart Erickson, and Roberto Steiner try to determine the extent to which markets care about what countries say regarding their exchange rate policies.

Finance: General --- Foreign Exchange --- Macroeconomics --- Money and Monetary Policy --- Industries: Manufacturing --- Personal Income, Wealth, and Their Distributions --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Development Planning and Policy: Trade Policy --- Factor Movement --- Foreign Exchange Policy --- Industry Studies: Manufacturing: General --- Currency --- Foreign exchange --- Monetary economics --- Manufacturing industries --- Finance --- Exchange rates --- Exchange rate arrangements --- Personal income --- Currencies --- Exchange rate policy --- National accounts --- Money --- Income --- Foreign exchange market --- United States

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This fifth Annual Report describes the activities of the Independent Evaluation Office (IEO) during the year to April 30, 2008. This period saw the completion of two evaluations, "Structural Conditionality in IMF-Supported Programs" smf "Governance of the IMF".

Banks and Banking --- Budgeting --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Industries: Financial Services --- Trade Policy --- International Trade Organizations --- National Budget --- Budget Systems --- Development Planning and Policy: Trade Policy --- Factor Movement --- Foreign Exchange Policy --- Labor Economics: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: General --- International economics --- Budgeting & financial management --- Currency --- Foreign exchange --- Labour --- income economics --- Banking --- Finance --- Trade policy --- Budget planning and preparation --- Exchange rate policy --- Labor --- International trade --- Public financial management (PFM) --- Multilateral development institutions --- Financial institutions --- Commercial policy --- Budget --- Labor economics --- Banks and banking --- Development banks --- Singapore