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Financial Reform and Global Economic Institutions

World-Economic_300x600Copyright: World Economic Forum

The financial crisis has rekindled interest in the role of the International Monetary Fund, the international development banks and the regulatory institutions that span the private-public frontier. How do these actors contribute to the stability and/or instability of modern finance? What factors shape their decisions? What financial reform options are desirable and feasible, and how should these international organizations contribute?

Publications

Beyond the Usual Suspects: Rethinking the Mechanisms of Paradigm Shifts in Macroeconomic Policy
By Cornel Ban
March 2013

Fiscal Policy in Financialized Times: Investor Loyalty, Financialization and the Varieties of Capitalism
By Daniela Gabor; Cornel Ban
January 2013

Give Me a Paradigm Shift, But Not Yet: Research and Fiscal Policy at the International Monetary Fund
By Cornel Ban
May 2013

Sovereign Debt, Austerity, and Regime Change: The Case of Nicolae Ceausescu’s Romania
By Cornel Ban
November 2012

Media

G20 Urges U.S. Action on IMF Reforms by April
Inter Press Service News Agency
Kevin Gallagher quoted
February 25, 2014

 

Events

Between Change and Continuity: The International Monetary Fund and Economic Crises
April 2013

This workshop explored IMF’s position on monetary policy and macroprudential policy before the crisis and during its early stages, shifts in the IMF’s procedural orthodoxy and the effects of the crisis on the contents of the IMF’s conditionality programs.  Attendees also examined the regulatory implications of financial innovation and the emergence of the shadow banking in particular, the international politics of the IMF’s policy shifts and the ways in which they connect with domestic politics; and the IMF’s involvement in Latin America, Eastern Europe and Southern Europe from political science, economics and international law perspectives.