Capital Ideas: The IMF and the Rise of Financial Liberalization
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Princeton, N.J.
Princeton University Press
2009
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Schlagworte: | |
Online-Zugang: | DE-1043 DE-1046 DE-858 DE-859 DE-860 DE-473 DE-739 Volltext Volltext |
Beschreibung: | Main description: 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. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940s through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs |
Beschreibung: | 1 Online-Ressource (352 S.) |
ISBN: | 9781400833825 |
DOI: | 10.1515/9781400833825 |
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Datensatz im Suchindex
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adam_text | |
any_adam_object | |
author | Chwieroth, Jeffrey M. |
author_facet | Chwieroth, Jeffrey M. |
author_role | aut |
author_sort | Chwieroth, Jeffrey M. |
author_variant | j m c jm jmc |
building | Verbundindex |
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dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.1 |
dewey-search | 332.1 |
dewey-sort | 3332.1 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
doi_str_mv | 10.1515/9781400833825 |
format | Electronic eBook |
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indexdate | 2025-02-18T15:07:29Z |
institution | BVB |
isbn | 9781400833825 |
language | English |
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spelling | Chwieroth, Jeffrey M. Verfasser aut Capital Ideas The IMF and the Rise of Financial Liberalization Princeton, N.J. Princeton University Press 2009 1 Online-Ressource (352 S.) txt rdacontent c rdamedia cr rdacarrier Main description: 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. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940s through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs Internationaler Währungsfonds (DE-588)1013082-2 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Deregulierung (DE-588)4201191-7 gnd rswk-swf Internationaler Währungsfonds (DE-588)1013082-2 b Kreditmarkt (DE-588)4073788-3 s Deregulierung (DE-588)4201191-7 s Finanzkrise (DE-588)7635855-0 s 1\p DE-604 https://doi.org/10.1515/9781400833825 Verlag Volltext http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833825&searchTitles=true Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Chwieroth, Jeffrey M. Capital Ideas The IMF and the Rise of Financial Liberalization Internationaler Währungsfonds (DE-588)1013082-2 gnd Finanzkrise (DE-588)7635855-0 gnd Kreditmarkt (DE-588)4073788-3 gnd Deregulierung (DE-588)4201191-7 gnd |
subject_GND | (DE-588)1013082-2 (DE-588)7635855-0 (DE-588)4073788-3 (DE-588)4201191-7 |
title | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_auth | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_exact_search | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_full | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_fullStr | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_full_unstemmed | Capital Ideas The IMF and the Rise of Financial Liberalization |
title_short | Capital Ideas |
title_sort | capital ideas the imf and the rise of financial liberalization |
title_sub | The IMF and the Rise of Financial Liberalization |
topic | Internationaler Währungsfonds (DE-588)1013082-2 gnd Finanzkrise (DE-588)7635855-0 gnd Kreditmarkt (DE-588)4073788-3 gnd Deregulierung (DE-588)4201191-7 gnd |
topic_facet | Internationaler Währungsfonds Finanzkrise Kreditmarkt Deregulierung |
url | https://doi.org/10.1515/9781400833825 http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400833825&searchTitles=true |
work_keys_str_mv | AT chwierothjeffreym capitalideastheimfandtheriseoffinancialliberalization |