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Remodeling the Multilateral Financial Institutions

In: International Finance and the Developing Economies

Author

Listed:
  • Graham Bird

    (University of Surrey)

  • Joseph P. Joyce

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).

Suggested Citation

  • Graham Bird & Joseph P. Joyce, 2004. "Remodeling the Multilateral Financial Institutions," Palgrave Macmillan Books, in: International Finance and the Developing Economies, chapter 8, pages 125-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59984-0_8
    DOI: 10.1057/9780230599840_8
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    Cited by:

    1. Knedlik, Tobias, 2006. "Implementing an International Lender of Last Resort," IWH Discussion Papers 20/2006, Halle Institute for Economic Research (IWH).

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