The IMF and Global Financial Crises

Phoenix Rising?

by

Subject categories
ISBNs
  • 1139847724
  • 9780521874175
  • 9781139847728
  • 9781139853637
The IMF's response to the global crisis of 2008–9 marked a significant change from its past policies. The Fund provided relatively large amounts of credit quickly with limited conditions and accepted the use of capital controls. This book traces the evolution of the IMF's actions to promote international financial stability from the Bretton Woods era through the most recent crisis. The analysis includes an examination of the IMF's crisis management activities during the debt crisis of the 1980s, the upheavals in emerging markets in the 1990s and early 2000s, and the ongoing European crisis. The dominant influence of the United States and other advanced economies in the governance of the IMF is also described, and the replacement of the G7 nations by the more inclusive G20, which have promised to give the IMF a role in their mutual assessment of policies while undertaking reforms of the IMF's governance.
  • Cambridge University Press; November 2012
  • ISBN 9781139847728
  • Read online, or download in secure PDF or secure EPUB format
  • Title: The IMF and Global Financial Crises
  • Author: Joseph P. Joyce
  • Imprint: Cambridge University Press
Subject categories
ISBNs
  • 1139847724
  • 9780521874175
  • 9781139847728
  • 9781139853637

In The Press

'Joseph Joyce has written a masterful book tracing the history of the IMF from inception to its current place in the international financial system. But The IMF and Global Financial Crises is much more than a history. In an engaging yet clear fashion, Joyce explains the geneses of financial crises, and why the functioning of the global economy requires an institution like the IMF. He also makes clear that the future requires an evolving and adaptive IMF. Yet it is unclear whether the principal shareholders will be able to rise to the challenge. This book is sure to become the definitive work on this critically important issue.' Menzie Chinn, University of Wisconsin, Madison

Subject categories
ISBNs
  • 1139847724
  • 9780521874175
  • 9781139847728
  • 9781139853637