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Remodeling the Multilateral Financial Institutions

Graham Bird and Joseph Joyce

Chapter 8 in International Finance and the Developing Economies, 2004, pp 125-140 from Palgrave Macmillan

Abstract: Abstract Since the International Monetary Fund (IMF) and the World Bank were first established in 1946, the world economy has changed in a number of important ways.1 Not only have the volume, composition, and pattern of world trade changed, but capital flows have come to dominate the global balance of payments, as has been underlined by the financial crises of the 1990s (Europe in 1992–93, Mexico in 1994–95, and East Asia in 1997–98).

Keywords: International Monetary Fund; Exchange Rate Regime; Private Market; Debt Relief; International Development Association (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59984-0_8

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DOI: 10.1057/9780230599840_8

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