Governing Risk The IMF and Global Financial Crises [Hardcover]

With the effects of the latest financial crisis still unfolding, this?is a?timely guide to the politics of international financial reform comparing the policies that the international community requested the IMF to follow in the aftermath of the Mexican, Asian, and subprime crisis.EPUBIntroduction: The IMF and Global Finance Governance Evolutionary Policies: Economic Ideas and Legitimacy Feedback The 1990s Consensus on International Financial Integration The Mexican Crisis: Testing the Consensus The Asian Crisis: Questioning the Consensus The Subprime Crisis: Towards a New Consensus Conclusions: Past and Future of International Financial Governance Appendix: List of Interviewees Notes Bibliography Index

'Moschella's analysis of the evolution of IMF policy with respect to capital market liberalization is first rate. Her work is both a sophisticated case study and a worthy wider contribution.' Erik Jones, Resident Professor of European Studies, The Paul H. Nitze School of Advanced International Studies, John Hopkins University, USA and Italy

'During the past two decades the IMF has transitioned from global bully boy to ignored agony aunt to, following the most recent crises, a humbled cooperative player in global financial governance. Moschella's superb volume walks us through the Fund's ideational shift on capital controls from orderly to market-led liberalisation, explaining the whys and hows in the interplay between ideas and policy reform. Her focus on 'legitimacy feedbacks' as a mechanism of ideational influence is a particularly noteworthy contribution to constructivist scholarship on change in the international political economy.' - Leonard Seabrooke, Professor of International Political Economy and Economic Sociology, Copenhagen Business School, Denmark and University of Warwick, UK

'In the midst of a world economic crisis, this is a timely and important book that clearly explains the evolution of rules regarding glolÃ-