The Role Of The International Monetary Fund In Promoting Stability In The Global Economy

1998 ◽  
pp. 323-333
Author(s):  
Philippe Maystadt
Keyword(s):  
International Monetary Fund ◽  
Global Economy ◽  
The International Monetary Fund

scholarly journals Book review: Unholy trinity: The IMF, World Bank and WTO Richard Peet

2014 ◽  
Vol 9 (4) ◽  
pp. 567-569
Author(s):  
M Breitenbach
Keyword(s):  
World Bank ◽  
International Monetary Fund ◽  
World Trade ◽  
Global Economy ◽  
World Trade Organisation ◽  
Political Interest ◽  
The International Monetary Fund ◽  
The Imf

In this timely book Richard Peet and his team lay the foundation with an excellent analysis of the process of globalisation and the resultant emergence of the global economy. The authors are especially critical of the increasing influence of institutions like the International Monetary Fund (IMF), World Bank and World Trade Organisation (WTO) on the economy and the consequences experienced by peoples, cultures and the environment. The single ideology of neo-liberalism is blamed for the undesirable outcomes. This book considers concepts of power, political interest, hegemony, discourse, responsibility and the power of practicality, in critically examining the IMF, World Bank and WTO. The conclusion is reached that “all three institutions play roles greatly different from those originally agreed to under the charters that set them up”.

scholarly journals The Role of the International Monetary Fund After the 2008 Crisis

2019 ◽  
Vol 10 (1) ◽  
pp. 60
Author(s):  
Marco Mele ◽  
Floriana Nicolai
Keyword(s):  
Foreign Exchange ◽  
United Arab Emirates ◽  
International Monetary Fund ◽  
Foreign Exchange Market ◽  
Exchange Market ◽  
Governance Reform ◽  
Extensive Introduction ◽  
The 2008 Financial Crisis ◽  
The International Monetary Fund

The purpose of this paper is to analyze the changes in the functions of the International Monetary Fund after the 2008 financial crisis. Following an extensive introduction concerning the subject of the study and which covers part of the economic literature, the focus was on governance reform and surveillance in the foreign exchange market. Finally, the empirical analysis was carried out concerning the manipulation of exchange rates in a period ranging from 2008-2016 and 15 countries (Taiwan, South Korea, Israel, China, Thailand, Macao, Switzerland, Hong Kong, Singapore, Norway, Qatar, United Arab Emirates, Kuwait, Trinidad and Tobago and Saudi Arabia) that in the period considered massively intervened in the foreign exchange market, keeping their respective currencies undervalued and acquiring an unfair competitive advantage to the detriment of partner economies. The results would tend to confirm that the manipulation of the exchange rate is a persistent and lasting element of the currency policies of the new millennium, highlighting an active insufficiency of the IMF’s action in the exercise of the oversight function on the currency policies of the Members.

The International Politics of African Debt

1987 ◽  
Vol 35 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Trevor Parfitt ◽  
Stephen Riley
Keyword(s):  
World Bank ◽  
International Monetary Fund ◽  
Significant Role ◽  
International Politics ◽  
African Countries ◽  
Policy Paper ◽  
External Indebtedness ◽  
Policy Direction ◽  
The International Monetary Fund

This paper assesses the international politics of Africa's growing external indebtedness and the pressures for policy direction that it produces. After the scale and character of the problem has been assessed, the paper looks, first, at the increasingly significant rôle of the International Monetary Fund (IMF) within Africa. The nature of external policy direction is then examined, particular attention being paid to the influential World Bank policy paper, the Berg Report. Its policy prescriptions are assessed in the light of conditions in several African countries. The paper concludes by examining alternatives to IMF policy direction, including default and collective disengagement.

Global Summitry as Sites of Transnational Technocratic Management and Policy Contestation

2019 ◽  
pp. 637-654
Author(s):  
Andrew Cooper
Keyword(s):  
Financial Stability ◽  
Global Economy ◽  
Policy Coordination ◽  
Political Leaders ◽  
Unique Form ◽  
Complex Interdependence ◽  
Working Groups ◽  
Central Bankers ◽  
The International Monetary Fund

Global summits are commonly viewed as concert mechanisms dominated by political leaders. Although leaders are at the apex of the shifting dynamics of summitry—imparting symbolic importance to these meetings especially in time of crisis—the instrumental component is driven by a unique form of transnational management as seen in the evolution of the G20. At the core of this process is the work of the sherpas or permanent representatives of leaders. The role of the these politically well-connected actors is complemented by the activity undertaken by networks of technocratic finance ministry officials and central bankers either via the operations of the G20 (in working groups) or through interconnected—and often delegative—institutions such as the International Monetary Fund, the Financial Stability Board, the Bank of International Settlements, and the Organization of Economic Cooperation and Development. The onus is on policy competence in the context of an intense degree of complex interdependence in the global economy. Although the G20 lacks legal authority, the summit process both in its highly visible leader-centric components and its below-the-surface technocratic components form a mode of transnational management which uses an innovative repertoire to animate policy coordination.

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