Governance: An international journal of policy, administration and institutions

How the IMF learned from the financial crisis

The International Monetary Fund has often been criticized for its rigid commitment to a doctrinaire view view of economic development.  But the IMF did learn and adapt its policies as a result of the financial crisis.  That is the conclusion of Cornel Ban and Kevin Gallagher, in their introduction to a special issue of Governance.  Change was driven by three factors: “IMF staff politics, a string of innovations coming from academic and IMF economists, and the emerging economic powers’ creative leveraging of institutional fora.”  Read the articleRelated reading: On the Washington Post website, Ban and Gallagher recap the main findings from the special issue.

Written by Governance

April 16, 2015 at 3:19 pm

Posted in Uncategorized


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