The IMF and the management of monetary crises

Docs en anglais | 132 pages | 23-01-2008 | Format : | Note : Non noté

PRIX : 15.00€ |

Résumé

The IMF is criticized a lot today. A lot of people say that this organization should disappear because it lost it way of existing. This paper is there to answer many questions. Many alternatives are developped.

Is the IMF still legitimate? Do we need a new organization? What do we have to change? Is the IMF obsolete?

Contents:

1. Introduction to the IMF and its goals over the past 60 years

1.1. The international context before Bretton Woods
1.1.1. What is an international monetary system?
1.1.2. The international context before Bretton Woods
1.2. The Bretton Woods System
1.2.1. What are the Bretton Woods agreements?
1.2.2. The different measures of the Bretton Woods system in term of currency policy
1.2.3. The results of Bretton Woods on the monetary and financial issues
1.3. The consequences of Bretton Woods: the emergence of new organizations
1.3.1. The IBRD or World Bank
1.3.2. The IMF

2. The IMF, monetary policies and its results

2.1. How does the IMF work today in monetary crises
2.1.1. Definition of a monetary policy
2.1.2. How IMF deals with these crises?
2.2. Case: The Asian crisis
2.2.1. The economic background
2.2.2. Causes of the crisis
2.2.3. The crisis spreads out in Asia
2.2.4. The role of the IMF in the Asian crisis

3. Is the IMF a good organization to fight monetary crises? Is the IMF still legitimate to do that? What do we have to change...?

3.1. Critics of the management of monetary crises by the IMF
3.1.1. A large gap between the rhetoric and what really happened
3.1.2. Macroeconomic indicators are better but what are changes on the population standard of living?
3.1.3. The IMF and the World Bank have the same job...
3.1.4. The IMF is too slow
3.1.5. Role of Europe and the US in the process to choose the president
3.1.6. The IMF is not efficient because it is managed by the US...
3.1.7. ... and some countries are underrepresented
3.1.8. How an organization can convince others to have good financial health when you have to deal with financial problems?
3.2. Does a new environment mean a new IMF: new challenges to be faced?
3.2.1. A new environment (globalization, monetary system (very different from Bretton Woods context...)).
3.2.2. The challenges to be faced
3.2.3. Is the IMF still the good organization to deal with these new issues?
3.2.4. The new IMF role today?
3.3 What do we have to change and why?
3.3.1. The equilibrium of the balance of power is an important reform
3.3.2. The process to choose the IMF's president has to evolve
3.3.3. How the IMF can face its financial crisis?
3.3.4. To reform its structural adjustments programs or to cancel it?
3.3.5. A reorganization of the institution
3.4. Recommendations
3.4.1. A merger between the IMF and the World Bank
3.4.2. A new IMF or a new organization?
3.4.3. Personal objections and comments

Conclusion

Bibliography

Recommandations

Du même auteur

Nouveautés dans la rubrique Docs en anglais

Les plus visités dans la matière Docs en anglais