Consultant, United Nations Development Programme.
“IMF Case of a Dead Theory Walking,” Foreign Policy In Focus (April 2000); “Repairing the Global Financial Architecture,” Foreign Policy In Focus (September 1998); “IMF Bailouts and Global Financial Flows,” Foreign Policy In Focus (April 1998); “Is the Drive Toward Free Market Globalization Stalling?” Latin American Research Review (Fall 1998).
The Asian financial crisis has eased, but its reverberations have enmeshed the International Monetary Fund (IMF) in a major legitimacy crisis over its recently assumed mission and its ability to implement it.
Despite the IMF’s reformist rhetoric about “bailing in” foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
The new IMF prescription of fiscal austerity and no capital controls makes little economic sense.
brief review of Argentina’s decline from poster child of the IMF and Wall Street during most of the 1990s
Will the Bush administration retreat from hardline unilateralism when it comes to aid for Argentina?
The reverberations from the Asian financial crisis of 1997-98 enmeshed the International Monetary Fund (IMF) in a major legitimacy crisis over its recently assumed mission to promote free capital mobility around the globe.
The U.S. needs to resume its original Bretton Woods perspective.
An alternative package of architectural reforms: Bretton Woods Light
The International Monetary Fund (IMF) is the central agency for enforcing the Bretton Woods Articles of Agreement, whose terms serve as its charter.