The roots of the International Monetary Fund's difficulties: the pioneering contribution of Federico Caffè
The paper restates and evaluates Federico Caffè’s sharp and accurate analysis of the major shortcomings that have prevented the International Monetary Fund from carrying out its mandate effectively. It argues that Caffè explained the often disappointing performance of the Fund, throughout its existence, in terms of policies that progressively drifted away from the inspiring principles of its founders, particularly Keynes. In particular, the paper suggests that Caffè’s work is rich in insights and anticipations of subsequent developments due, above all, to his analysis of some severe weaknesses of the Fund’s governance system, which have kept the Fund from accomplishing its goal of fostering international financial cooperation.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:hid:journl:v:20:y:2012:1:8:p:109-130. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mario Aldo Cedrini)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.