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The IMF’s unmet challenges

Abstract:

The International Monetary Fund is a controversial institution whose interventions regularly provoke passionate reactions. We will argue that there is an important role for the IMF in helping to solve information, commitment, and coordination problems with significant implications for the stability of national economies and the international monetary and financial system. In executing these functions, the effectiveness of the IMF, like that of a football referee, depends on whether the player...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Publisher copy:
10.1257/jep.30.1.29

Authors


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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Blavatnik School of Government
Oxford college:
University College
Role:
Author
Publisher:
American Economic Association Publisher's website
Journal:
Journal of Economic Perspectives Journal website
Volume:
30
Issue:
1
Pages:
29-52
Publication date:
2016-02-03
Acceptance date:
2015-11-24
DOI:
ISSN:
0895-3309
Pubs id:
pubs:991512
URN:
uri:50a7d70d-60c8-4af9-bc5a-2d22595a0852
UUID:
uuid:50a7d70d-60c8-4af9-bc5a-2d22595a0852
Local pid:
pubs:991512
Language:
English

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