1 / 4

How the IMF changes policy direction

How the IMF changes policy direction. Training plus appointment changes IMF: not always neoliberal Neoclassical- keyensian synthesis -eviscerated the revolutionary implications of Keynes’ theory and therefore exposed itself to the neoclassical resurgence

leala
Download Presentation

How the IMF changes policy direction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How the IMF changes policy direction

  2. Training plus appointment changes • IMF: not always neoliberal • Neoclassical-keyensian synthesis • -eviscerated the revolutionary implications of Keynes’ theory and therefore exposed itself to the neoclassical resurgence • -this percolated deeply into the profession during the 1970s: epistemic (Chicago, Hayek) plus political (business, think tanks) attacks against the background of a crisis that appeared to give Keynesianism a hard time. • -capital account liberalization as an IMF policy is part of this systemic transformation in the profession

  3. BUT… • -the profession ain’t a batallion of Nazi soldiers marching in goosestep; its internal fractures can make a difference as long as (a) appointments change (b) policy failures feed critics and (c) main creditors bicker.

  4. Whar are capital controls (wiki) • 1. exchange controls that prevent or limit the buying and selling of a national currency at the market rate, caps on the allowed volume for the international sale or purchase of various financial assets, transaction taxes such as the proposed Tobin tax, • 2. minimum stay requirements, • 3. requirements for mandatory approval, or even limits on the amount of money a private citizen is allowed to remove from the country.

More Related