IDEAS home Printed from
   My bibliography  Save this paper

The New International Financial Architecture: Do the Multilateral Financial Institutions Need Remodeling or Rebuilding?


  • Bird, G.
  • Joyce, J.P.


The multilateral financial institutions have been reformed in a largely ad hoc incremental way. Discussion of a new international financial architecture provides an opportunity to reassess their roles. Although private capital markets mobiliza huge amounts of finance globally, they also display aspects of market failure. Aware of the fact the governments also fail and that large bureaucracies are open to a public choice critique, these failures help delineate a role for the multilaterals.

Suggested Citation

  • Bird, G. & Joyce, J.P., 1999. "The New International Financial Architecture: Do the Multilateral Financial Institutions Need Remodeling or Rebuilding?," Papers 99-09, Wellesley College - Department of Economics.
  • Handle: RePEc:fth:wecoec:99-09

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    1. Robert E. Evenson, 1989. "Spillover Benefits of Agricultural Research: Evidence from U.S. Experience," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 447-452.
    2. Raut, Lakshmi K., 1995. "R & D spillover and productivity growth: Evidence from Indian private firms," Journal of Development Economics, Elsevier, vol. 48(1), pages 1-23, October.
    3. Samuel Kortum & Jonathan Putnam, 1997. "Assigning Patents to Industries: Tests of the Yale Technology Concordance," Economic Systems Research, Taylor & Francis Journals, vol. 9(2), pages 161-176.
    Full references (including those not matched with items on IDEAS)

    More about this item



    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • D20 - Microeconomics - - Production and Organizations - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:wecoec:99-09. 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: (Thomas Krichel). General contact details of provider: .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.