The IMF and Global Financial Crises Phoenix Rising [Paperback]

Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.The International Monetary Fund's (IMF) lending programs during the global financial crisis of 20082009 represented a significant departure from its past policies. This book traces the evolution of the IMF's responses to crises from its founding through recent events. The analysis includes an examination of the IMF's activities during the debt crisis of the 1980s, the upheavals in emerging market nations in the 1990s and early 2000s, and the European debt crisis. It also describes changes in the governance of the IMF by its member governments.The International Monetary Fund's (IMF) lending programs during the global financial crisis of 20082009 represented a significant departure from its past policies. This book traces the evolution of the IMF's responses to crises from its founding through recent events. The analysis includes an examination of the IMF's activities during the debt crisis of the 1980s, the upheavals in emerging market nations in the 1990s and early 2000s, and the European debt crisis. It also describes changes in the governance of the IMF by its member governments.The IMF's response to the global crisis of 20082009 marked a significant change from its past policies. The Fund provided relatively large amounts of credit quickly with limited conditions, and accepted the use of capital controls. This book traces the evolution of the IMF's actions to promote international financial stability from the Bretton Woods era through the most recent crisis. The analysis includes an examination of the IMF's crisis management activities during the debt crisis of the 1980s, the upheavals in emerging markets in the 1990s and early 2000s, and the ongoing European crisis. The dominant influence of the United States and other advanced economies in the governance of the IMF is also described, as well as the replacement of the G7 nations l$