Capital Ideas : : The IMF and the Rise of Financial Liberalization / / Jeffrey M. Chwieroth.
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 IM...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2009] ©2010 |
Year of Publication: | 2009 |
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Chwieroth, Jeffrey M., author. aut http://id.loc.gov/vocabulary/relators/aut Capital Ideas : The IMF and the Rise of Financial Liberalization / Jeffrey M. Chwieroth. Course Book Princeton, NJ : Princeton University Press, [2009] ©2010 1 online resource (352 p.) : 1 line illus. 6 tables. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Figures and Tables -- Preface -- Abbreviations -- Chapter One. Introduction -- Chapter Two. Normative Change From Within -- Chapter Three. Capital Ideas and Capital Controls -- Chapter Four. Capital Controlled the Early Postwar Era -- Chapter Five. The Limits and Hollowness of Keynesianism in the 1960S -- Chapter Six. Formal Change and Informal Continuity the Reform Negotiations of the 1970s -- Chapter Seven. Capital Freed Informal Change from the 1980S to the Mid-1990S -- Chapter Eight. Capital in Crisis Financial Turmoil in the Late 1990s -- Chapter Nine. Norm Continuity and Organizational Legitimacy from the Asian Crisis to the Subprime Crisis -- Epilogue A Subprime "Crisis" For Capital Freedom? -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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 wave of financial crises in emerging markets in the late 1990s. In Capital Ideas, Jeffrey Chwieroth explores the inner workings of the IMF to understand how its staff's thinking about capital controls changed so radically. In doing so, he also provides an important case study of how international organizations work and evolve. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940s through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Credit control. Finance Government policy. Financial crises. Financial services industry Deregulation. POLITICAL SCIENCE Public Policy Economic Policy. BUSINESS & ECONOMICS / International / Economics. bisacsh Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 9783110442502 print 9780691142326 https://doi.org/10.1515/9781400833825 https://www.degruyter.com/isbn/9781400833825 Cover https://www.degruyter.com/cover/covers/9781400833825.jpg |
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English |
format |
eBook |
author |
Chwieroth, Jeffrey M., Chwieroth, Jeffrey M., |
spellingShingle |
Chwieroth, Jeffrey M., Chwieroth, Jeffrey M., Capital Ideas : The IMF and the Rise of Financial Liberalization / Frontmatter -- Contents -- Figures and Tables -- Preface -- Abbreviations -- Chapter One. Introduction -- Chapter Two. Normative Change From Within -- Chapter Three. Capital Ideas and Capital Controls -- Chapter Four. Capital Controlled the Early Postwar Era -- Chapter Five. The Limits and Hollowness of Keynesianism in the 1960S -- Chapter Six. Formal Change and Informal Continuity the Reform Negotiations of the 1970s -- Chapter Seven. Capital Freed Informal Change from the 1980S to the Mid-1990S -- Chapter Eight. Capital in Crisis Financial Turmoil in the Late 1990s -- Chapter Nine. Norm Continuity and Organizational Legitimacy from the Asian Crisis to the Subprime Crisis -- Epilogue A Subprime "Crisis" For Capital Freedom? -- Index |
author_facet |
Chwieroth, Jeffrey M., Chwieroth, Jeffrey M., |
author_variant |
j m c jm jmc j m c jm jmc |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Chwieroth, Jeffrey M., |
title |
Capital Ideas : The IMF and the Rise of Financial Liberalization / |
title_sub |
The IMF and the Rise of Financial Liberalization / |
title_full |
Capital Ideas : The IMF and the Rise of Financial Liberalization / Jeffrey M. Chwieroth. |
title_fullStr |
Capital Ideas : The IMF and the Rise of Financial Liberalization / Jeffrey M. Chwieroth. |
title_full_unstemmed |
Capital Ideas : The IMF and the Rise of Financial Liberalization / Jeffrey M. Chwieroth. |
title_auth |
Capital Ideas : The IMF and the Rise of Financial Liberalization / |
title_alt |
Frontmatter -- Contents -- Figures and Tables -- Preface -- Abbreviations -- Chapter One. Introduction -- Chapter Two. Normative Change From Within -- Chapter Three. Capital Ideas and Capital Controls -- Chapter Four. Capital Controlled the Early Postwar Era -- Chapter Five. The Limits and Hollowness of Keynesianism in the 1960S -- Chapter Six. Formal Change and Informal Continuity the Reform Negotiations of the 1970s -- Chapter Seven. Capital Freed Informal Change from the 1980S to the Mid-1990S -- Chapter Eight. Capital in Crisis Financial Turmoil in the Late 1990s -- Chapter Nine. Norm Continuity and Organizational Legitimacy from the Asian Crisis to the Subprime Crisis -- Epilogue A Subprime "Crisis" For Capital Freedom? -- Index |
title_new |
Capital Ideas : |
title_sort |
capital ideas : the imf and the rise of financial liberalization / |
publisher |
Princeton University Press, |
publishDate |
2009 |
physical |
1 online resource (352 p.) : 1 line illus. 6 tables. Issued also in print. |
edition |
Course Book |
contents |
Frontmatter -- Contents -- Figures and Tables -- Preface -- Abbreviations -- Chapter One. Introduction -- Chapter Two. Normative Change From Within -- Chapter Three. Capital Ideas and Capital Controls -- Chapter Four. Capital Controlled the Early Postwar Era -- Chapter Five. The Limits and Hollowness of Keynesianism in the 1960S -- Chapter Six. Formal Change and Informal Continuity the Reform Negotiations of the 1970s -- Chapter Seven. Capital Freed Informal Change from the 1980S to the Mid-1990S -- Chapter Eight. Capital in Crisis Financial Turmoil in the Late 1990s -- Chapter Nine. Norm Continuity and Organizational Legitimacy from the Asian Crisis to the Subprime Crisis -- Epilogue A Subprime "Crisis" For Capital Freedom? -- Index |
isbn |
9781400833825 9783110442502 9780691142326 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG3881 |
callnumber-sort |
HG 43881.5 I58 C49 42010EB |
genre_facet |
Government policy. Deregulation. Public Policy Economic Policy. |
url |
https://doi.org/10.1515/9781400833825 https://www.degruyter.com/isbn/9781400833825 https://www.degruyter.com/cover/covers/9781400833825.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.1 |
dewey-sort |
3332.1 |
dewey-raw |
332.1 |
dewey-search |
332.1 |
doi_str_mv |
10.1515/9781400833825 |
oclc_num |
979779563 |
work_keys_str_mv |
AT chwierothjeffreym capitalideastheimfandtheriseoffinancialliberalization |
status_str |
n |
ids_txt_mv |
(DE-B1597)447049 (OCoLC)979779563 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
Capital Ideas : The IMF and the Rise of Financial Liberalization / |
container_title |
Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013 |
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