The IMF and its Critics: Reform of Global Financial Architecture

by David Vines, Christopher L. Gilbert

Overview

Written by leading economists including Nobel laureate Joseph Stiglitz, this collection combines rigorous economic analysis with insider perspectives on key policy debates surrounding the future of the International Monetary Fund. As the role of the IMF and the "Washington Consensus" have come under intense scrutiny, this collection offers a valuable wide-ranging overview of the debate, making it an essential reference for anyone interested in the role of international financial institutions in our globalized economy.

Product Details

ISBN-13:	9780521100502
Publisher:	Cambridge University Press
Publication date:	01/18/2009
Series:	Global Economic Institutions , #5
Edition description:	New Edition
Pages:	472
Product dimensions:	5.90(w) x 8.90(h) x 1.20(d)

About the Author

David Vines is a Fellow in Economics at Balliol College Oxford, Adjunct Professor of Economics at the Australian National University, and a Research Fellow of CEPR. He is co-editor of The World Bank: Structure and Policies (CUP, 2000).

Christopher Gilbert is Professor of Finance in the Department of Finance at the Vrije Universiteit, Amsterdam, and a Fellow of the Tinbergen Institute. He is co-editor of The World Bank: Structure and Policies (CUP, 2000).

Table of Contents

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.