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Capital Ideas: The IMF and the Rise of Financial Liberalization

Jeffrey M. Chwieroth




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 | #2218569 in eBooks |  2010-01-03 |  2009-12-14 | File type: PDF

|| |"This book . . . usefully traces the evolution of the thinking about this issue at the International Monetary Fund, the international body most concerned with it."--Foreign Affairs| |

"Combining archival research, interviews, and his

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 wa...

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