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Mingling with the Crowd at the IMF: The ‘American Connection’

In: The Case for a New ECU

Author

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  • Jacques Riboud

Abstract

Nowhere is the ‘American connection’ more clearly discernible than at the annual meetings of the International Monetary Fund, which bring together at the end of September each year the representatives of 142 Member States. The meeting is held in Washington on alternate years, and in a capital city somewhere else in the world on the others. At these meetings, for three days, ministers, diplomats, bankers, experts and journalists specialised in matters of international finance, both public and private, meet and talk, gossip and do deals. Mingling with the crowd at the IMF meeting provides a better opportunity than elsewhere to experience at first hand the power of the dollar and the weight and influence of the United States, its government and its Congress, and its public opinion, as well as the repercussions of its domestic politics and the state of its economy on world business.

Suggested Citation

  • Jacques Riboud, 1989. "Mingling with the Crowd at the IMF: The ‘American Connection’," Palgrave Macmillan Books, in: The Case for a New ECU, chapter 10, pages 92-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09730-2_10
    DOI: 10.1007/978-1-349-09730-2_10
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