The IMF and its Critics: Reform of Global Financial Architecture: 5 (Global Economic Institutions, Series Number 5)

Cambridge University Press
Edition: Illustrated, 2/26/2004
EAN 9780521821544, ISBN10: 0521821541

Hardcover, 468 pages, 22.9 x 15.2 x 3 cm
Language: English

The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.

Introduction
1. The IMF and international financial architecture
solvency and liquidity Christopher L. Gilbert, David Vines
2. Progress towards greater international financial stability Andrew Crockett
3. International coordination of macroeconomic policies
still alive in the new millennium? Lawrence H. Meyer, Brian M. Doyle, Joseph E. Gagnon, Dale W. Henderson
4. The Report of the International Financial Institution Advisory Commission
comments on the critics Allan H. Meltzer
5. Reforming the global financial architecture
just tinkering around the edges? Malcolm Knight, Lawrence Schembri, James Powell
6. The IMF and capital account liberalisation Dominic Wilson
7. How should the IMF view capital controls? Gregor Irwin, Christopher L. Gilbert, David Vines
8. The resolution of international financial crises
an alternative framework Andrew G. Haldane, Mark Kruger
9. Whose programme is it? Policy ownership and conditional lending James M. Boughton, Alex Mourmouras
10. The IMF and East Asia
a changing regional financial architecture Gordon de Brouwer
11. The role of the IMF in developing countries Graham Bird, Paul Mosley
12. Argentina and the Fund
anatomy of a policy failure Michael Mussa
13. Countries in payments' difficulties
what can the IMF do? Andrew Powell
14. Accountability, governance and the reform of the IMF Ngaire Woods
15. The IMF at the start of the twenty-first century
what has been learned? On which values can we establish a humanised globalisation? Michel Camdessus
Index.