Capital ideas The imf and the rise of financial liberalization.

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the IM...

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Bibliographic Details
Main Author:	Chwieroth, Jeffrey M
Format:	eBook Book Publication
Language:	English
Published:	Princeton, N.J Princeton University Press 2009
Edition:	1
Subjects:	1997 Asian financial crisis A Monetary History of the United States Adjustable Peg Amendment American Enterprise Institute Balance of payments Barriers to entry Bretton Woods system Bridge bank BUSINESS & ECONOMICS BUSINESS & ECONOMICS / International / Economics BUSINESS & ECONOMICS / Finance / General Capital Buffer Capital control Capital flight Capital market Central bank Collective action clause Commission of Experts on Reforms of the International Monetary and Financial System Credit (finance) Credit control Credit rationing Crony capitalism Currency Currency crisis Debt restructuring Deregulation Developed country Economic interventionism Economic liberalization Economic Policy Economics Economist Efficient-market hypothesis Exchange rate Fear of floating Finance Finance > Government policy Financial crises Financial crisis Financial institution Financial services Financial services industry Financial services industry > Deregulation Financial Times Finanzkrise Finanzmarktregulierung Foreign exchange controls Free trade debate Global financial system Governance Government policy Hedge fund Hyman Minsky IMF Immiserizing growth Infant industry Information asymmetry Interest Equalization Tax International International Monetary Fund Internationale Wirtschaftsorganisation Internationaler Währungsfonds Kapitalverkehrskontrolle Keynesian economics Liberalization Long run and short run Lucas paradox Market liquidity Member state Monetarism Monetary policy Neoclassical synthesis Neocolonialism Neoliberalism New Keynesian economics Paul Davidson (economist) POLITICAL SCIENCE POLITICAL SCIENCE / Public Policy / Economic Policy Profession Protectionism Public Policy Recapitalization Special drawing rights Speculation Structural adjustment Structured investment vehicle Subprime-Krise Susan Strange The Road to Serfdom Tobin tax Too big to fail Trade barrier Troubled Asset Relief Program Financial Times Debt restructuring Member state Protectionism Currency crisis Economic interventionism Fear of floating Hedge fund Balance of payments Barriers to entry Efficient-market hypothesis Interest Equalization Tax Hyman Minsky Developed country Susan Strange Financial crisis Paul Davidson (economist) Amendment Tobin tax New Keynesian economics Recapitalization Currency Exchange rate Economics Credit rationing Too big to fail Structural adjustment Credit (finance) Infant industry Adjustable Peg Lucas paradox Long run and short run Capital market Troubled Asset Relief Program Capital flight Monetarism Central bank Special drawing rights Economist Profession Bretton Woods system A Monetary History of the United States Foreign exchange controls Neoclassical synthesis Financial institution Collective action clause The Road to Serfdom Market liquidity Capital Buffer Bridge bank Capital control Monetary policy Liberalization Economic liberalization Trade barrier American Enterprise Institute International Monetary Fund Governance Neocolonialism Neoliberalism Global financial system Speculation Commission of Experts on Reforms of the International Monetary and Financial System Immiserizing growth Information asymmetry Structured investment vehicle Keynesian economics 1997 Asian financial crisis Crony capitalism Free trade debate
ISBN:	0691142319, 9780691142326, 9780691142319, 0691142327, 1400833825, 9781400833825
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Summary:	The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the IMF, these controls became heresy in the 1980s and 1990s, prompting critics to accuse the IMF of indiscriminately encouraging the liberalization of controls and precipitating a wave of financial crises in emerging markets in the late 1990s. In Capital Ideas, Jeffrey Chwieroth explores the inner workings of the IMF to understand how its staff's thinking about capital controls changed so radically. In doing so, he also provides an important case study of how international organizations work and evolve.
Bibliography:	Includes bibliographical references and index SourceType-Books-1 ObjectType-Book-1 content type line 7
ISBN:	0691142319 9780691142326 9780691142319 0691142327 1400833825 9781400833825
DOI:	10.1515/9781400833825