Premium
Reforming the International Monetary Fund
Author(s) -
Buckley Ross P.
Publication year - 2012
Publication title -
global policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.602
H-Index - 33
eISSN - 1758-5899
pISSN - 1758-5880
DOI - 10.1111/j.1758-5899.2011.00105.x
Subject(s) - voting , economics , fundamentalism , debt , financial system , sovereign wealth fund , business , monetary economics , international economics , finance , political science , macroeconomics , law , politics , foreign direct investment
This article explores the International Monetary Fund’s performance through crises ranging from the debt crisis of 1982 to the global financial crisis of 2008. The rise of market fundamentalism in the Fund’s policy prescriptions is analysed and contrasted with its abrogation of market principles in crafting resolutions of crises. Potential reforms to voting rights, culture and perspectives within the Fund are considered, along with what may be required to achieve such vitally needed changes.