Capital Ideas: The IMF and the Rise of Financial Liberalization Book PDF, ePub eBook

Join our eBook service for unlimited books & audiobooks. Get a free 7 day subscription! ↓↓↓↓↓


Book Descriptions:

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.

Capital Ideas: The IMF and the Rise of Financial Liberalization by Jeffrey M. Chwieroth

From reader reviews:

Lacey Clements:

The feeling that you get from Capital Ideas: The IMF and the Rise of Financial Liberalization is a more deep you looking the information that hide in the words the more you get thinking about reading it. It does not mean that this book is hard to comprehend but Capital Ideas: The IMF and the Rise of Financial Liberalization giving you thrill feeling of reading. The article author conveys their point in selected way that can be understood by anyone who read this because the author of this reserve is well-known enough. This kind of book also makes your personal vocabulary increase well. It is therefore easy to understand then can go with you, both in printed or e-book style are available. We highly recommend you for having this specific Capital Ideas: The IMF and the Rise of Financial Liberalization instantly.

James Murray:

Spent a free time to be fun activity to try and do! A lot of people spent their leisure time with their family, or their own friends. Usually they accomplishing activity like watching television, planning to beach, or picnic from the park. They actually doing same task every week. Do you feel it? Do you want to something different to fill your own personal free time/ holiday? Could possibly be reading a book may be option to fill your totally free time/ holiday. The first thing that you'll ask may be what kinds of e-book that you should read. If you want to test look for book, may be the book untitled Capital Ideas: The IMF and the Rise of Financial Liberalization can be very good book to read. May be it could be best activity to you.

Edward Cooley:

Beside that Capital Ideas: The IMF and the Rise of Financial Liberalization in your phone, it could give you a way to get nearer to the new knowledge or details. The information and the knowledge you may got here is fresh from oven so don't always be worry if you feel like an outdated people live in narrow town. It is good thing to have Capital Ideas: The IMF and the Rise of Financial Liberalization because this book offers to you readable information. Do you often have book but you rarely get what it's exactly about. Oh come on, that will not happen if you have this inside your hand. The Enjoyable option here cannot be questionable, including treasuring beautiful island. Techniques you still want to miss the idea? Find this book as well as read it from currently!

Ruby Guillen:

As a scholar exactly feel bored in order to reading. If their teacher inquired them to go to the library or to make summary for some reserve, they are complained. Just small students that has reading's heart or real their interest. They just do what the educator want, like asked to the library. They go to there but nothing reading significantly. Any students feel that examining is not important, boring and also can't see colorful photographs on there. Yeah, it is to become complicated. Book is very important for you personally. As we know that on this period of time, many ways to get whatever you want. Likewise word says, many ways to reach Chinese's country. So , this Capital Ideas: The IMF and the Rise of Financial Liberalization can make you truly feel more interested to read.