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5 books match the query 'International Monetary Fund'

cover of China's Participation in the IMF, the World Bank, and GATT: Toward a Global Economic Order

China's Participation in the IMF, the World Bank, and GATT

Toward a Global Economic Order

Harold K. Jacobson and Michel Oksenberg

University of Michigan Press, 1990

Harold K. Jacobson and Michel Oksenberg bring their considerable knowledge of, respectively, international agencies and China to this study of the evolving relationship between the People’s Republic of China and the keystone international economic organizations (KIEQs): the International Monetary Fund, the World Bank and its affiliated agencies, and the General Agreement on Tariffs and Trade (GATT).Until the early 1970s China was hostile toward the KIEOs, seeing them as instruments of capitalist exploitation. The change in that position, and the ensuing rapprochement between the two sides culminating in the negotiations and Chinese membership in the KEIOs, is an important subject. It is made immeasurably more significant by the extraordinary potential of China in the world economy. The different perspectives of the two authors permits this process to be analyzed from the point of view of both sides and to be informed by discussions and interviews with senior officers of the KIEOs and high Chinese officials.Among the questions addressed are: How and why did such a sharp change in the relationship between China and the KIEOs occur? What accounts for the Chinese decision to seek inclusion in the KIEOs? How did the KIEOs, and their most important members, the Western states, come to welcome China’s inclusion? What have the consequences of China’s involvement in the IMF and World Bank been for the two institutions and for China? What are the issues involved in China’s request for entrance in the KIEOs and full participation in the GATT? How will China’s involvement in the KIEOs affect the USSR’s involvement?Although the book deals with issues and events that predate the June, 1989, events in Tiananmen Square, the authors completed their manuscript after those events. They endeavor to interpret their observations in the light of the changed situation in China and the clear evidence that China has not yet settled into easy international participation with the Western states.
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cover of Economic and Financial Crises in Emerging Market Economies

Economic and Financial Crises in Emerging Market Economies

Edited by Martin Feldstein

University of Chicago Press, 2003

In the late 1990s, economic and financial crises raged through East Asia, devastating economies that had previously been considered among the strongest in the developing world. The crises eventually spread to Russia, Turkey, and Latin America, and impacted the economies of many industrialized nations as well. In today's increasingly interdependent world, finding ways to reduce the risk of future crises—and to improve the management of crises when they occur—has become an international policy challenge of paramount importance.

This book rises to that challenge, presenting accessible papers and commentaries on the topic not only from leading academic economists, but also from high-ranking government officials (in both industrial and developing nations), senior policymakers at international institutions, and major financial investors. Six non-technical papers, each written by a specialist in the topic, provide essential economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind the scenes during the crises, giving us a rare glimpse into how international economic policy decisions are actually made. Finally, wide-ranging discussions and debates sparked by these papers and statements are summarized at the end of each section.

The result is an indispensable overview of the key issues at work in these crises, written by the people who move markets and reshape economies, and accessible to not just economists and policymakers, but also to educated general readers.

Contributors:
Montek S. Ahluwalia, Domingo F. Cavallo, William R. Cline, Andrew Crockett, Michael P. Dooley, Sebastian Edwards, Stanley Fischer, Arminio Fraga, Jeffrey Frankel, Jacob Frenkel, Timothy F. Geithner, Morris Goldstein, Paul Keating, Mervyn King, Anne O. Krueger, Roberto Mendoza, Frederic S. Mishkin, Guillermo Ortiz, Yung Chul Park, Nouriel Roubini, Robert Rubin, Jeffrey Sachs, Ammar Siamwalla, George Soros
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cover of Multilateral Institutions: A Critical Introduction

Multilateral Institutions

A Critical Introduction

Morten Boas and Desmond McNeill

Pluto Press, 2003

In recent years, a great deal of public attention has been focussed on multilateral institutions such as the World Bank, IMF and WTO. This book offers students, practitioners and activists a critical guide to these and other major institutions - the Regional Development Banks and UNDP - that make up the multilateral development system. It analyses how they operate with respect to financing and lending, the various roles that they play, and related changes in their policy concerns - such as structural adjustment, sustainable development, and governance.

The emphasis is on politics within and also between multilateral institutions, analysing the relations – both competitive and collaborative – between, for example, the World Bank and UNDP. NGOs are also shown to be important actors, and the role they have played in recent years is critically assessed. The book concludes with some emerging trends: the ‘privatisation’ of the system, regionalisation, and ‘the politics of protest’.

Bøås and McNeill do not simply take the policies of multilateral institutions at face value, but ask how and why these policies came into existence. They seek to promote critical, but informed, engagement both with the member states of multilateral institutions and the institutions themselves.
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cover of The International Monetary Fund and Latin America: The Argentine Puzzle in Context

The International Monetary Fund and Latin America

The Argentine Puzzle in Context

Claudia Kedar

Temple University Press, 2013

The International Monetary Fund (IMF) has played a critical role in the global economy since the postwar era. But, claims Claudia Kedar, behind the strictly economic aspects of the IMF’s intervention, there are influential interactions between IMF technocrats and local economists—even when countries are not borrowing money.

In The International Monetary Fund and Latin America, Kedar seeks to expose the motivations and constraints of the operations of both the IMF and borrowers. With access to never-before-seen archive materials, Kedar reveals both the routine and behind-the-scenes practices that have depicted International Monetary Fund–Latin American relations in general and the asymmetrical IMF-Argentina relations in particular.

Kedar also analyzes the “routine of dependency” that characterizes  IMF-borrower relations with several Latin American countries such as Chile, Peru, and Brazil. The International Monetary Fund and Latin America shows how debtor countries have adopted IMF’s policies during past decades and why Latin American leaders today largely refrain from knocking at the IMF’s doors again.

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cover of World Bank Literature

World Bank Literature

Amitava Kumar

University of Minnesota Press, 2002

A trailblazing interrogation of the cultural, political, and economic implications of World Bank hegemony.

World Bank literature is more than a concept-it is a provocation, a call to arms. It is intended to prompt questions about each word, to probe globalization, political economy, and the role of literary and cultural studies. As asserted in this major work, it signals a radical rewriting of academic debates, a rigorous analysis of the World Bank and the International Monetary Fund (IMF), and a consideration of literature that deals with new global realities.

Made more relevant than ever by momentous antiglobalization demonstrations in Seattle and Genoa, World Bank Literature brings together essays by a distinguished group of economists, cultural and literary critics, social scientists, and public policy analysts to ask how to understand the influence of the World Bank/IMF on global economic power relations and cultural production. The authors attack this question in myriad ways, examining World Bank/IMF documents as literature, their impact on developing nations, the relationship between literature and globalization, the connection between the academy and the global economy, and the emergence of coalitions confronting the new power. World Bank Literature shows, above all, the multifarious and sometimes nefarious ways that abstract academic debates play themselves out concretely in social policy and cultural mores that reinforce traditional power structures. Contributors: Anthony C. Alessandrini, Kent State U; Bret Benjamin, SUNY, Albany; John Berger; Suzanne Bergeron, U of Michigan, Dearborn; Lorrayne Carroll, U of Southern Maine; Manthia Diawara, NYU; Grant Farred, Duke; Barbara Foley, Rutgers; Claire F. Fox, U of Iowa; Rosemary Hennessy, SUNY, Albany; Doug Henwood, Left Business Observer; Caren Irr, Brandeis; Joseph Medley, U of Southern Maine; Cary Nelson, U of Illinois; Gautam Premnath, U of Massachusetts, Boston; Bruce Robbins, Columbia; Andrew Ross, NYU; Subir Sinha, U of London; Kenneth Surin, Duke; Rashmi Varma, U of North Carolina; Evan Watkins, U of California, Davis; Phillip E. Wegner, U of Florida; Richard Wolff, U of Massachusetts.
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