LEADER 04706nam 2200793Ia 450 001 9910456820503321 005 20200520144314.0 010 $a1-282-93605-0 010 $a9786612936050 010 $a1-4008-3382-5 010 $a1-282-47319-0 010 $a9786612473197 010 $a0-691-14231-9 010 $a0-691-14232-7 024 7 $a10.1515/9781400833825 035 $a(CKB)2550000000007551 035 $a(EBL)483537 035 $a(OCoLC)647843235 035 $a(SSID)ssj0000357566 035 $a(PQKBManifestationID)11258018 035 $a(PQKBTitleCode)TC0000357566 035 $a(PQKBWorkID)10359428 035 $a(PQKB)10811060 035 $a(MiAaPQ)EBC483537 035 $a(MdBmJHUP)muse36553 035 $a(DE-B1597)447049 035 $a(OCoLC)979779563 035 $a(DE-B1597)9781400833825 035 $a(MiAaPQ)EBC4968548 035 $a(PPN)17027070X 035 $a(Au-PeEL)EBL483537 035 $a(CaPaEBR)ebr10359243 035 $a(CaONFJC)MIL293605 035 $a(Au-PeEL)EBL4968548 035 $a(CaONFJC)MIL247319 035 $a(OCoLC)1027166627 035 $a(EXLCZ)992550000000007551 100 $a20090725d2010 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt 182 $cc 183 $acr 200 10$aCapital ideas$b[electronic resource] $ethe IMF and the rise of financial liberalization /$fJeffrey M. Chwieroth 205 $aCourse Book 210 $aPrinceton, NJ $cPrinceton University Press$dc2010 215 $a1 online resource (335 p.) 300 $aDescription based upon print version of record. 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tFigures and Tables --$tPreface --$tAbbreviations --$tChapter One. Introduction --$tChapter Two. Normative Change From Within --$tChapter Three. Capital Ideas and Capital Controls --$tChapter Four. Capital Controlled the Early Postwar Era --$tChapter Five. The Limits and Hollowness of Keynesianism in the 1960's --$tChapter Six. Formal Change and Informal Continuity the Reform Negotiations of the 1970's --$tChapter Seven. Capital Freed Informal Change from the 1980's to the Mid-1990's --$tChapter Eight. Capital in Crisis Financial Turmoil in the Late 1990's --$tChapter Nine. Norm Continuity and Organizational Legitimacy from the Asian Crisis to the Subprime Crisis --$tEpilogue A Subprime "Crisis" For Capital Freedom? --$tIndex 330 $aThe right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the IMF, these controls became heresy in the 1980's and 1990's, prompting critics to accuse the IMF of indiscriminately encouraging the liberalization of controls and precipitating a wave of financial crises in emerging markets in the late 1990's. In Capital Ideas, Jeffrey Chwieroth explores the inner workings of the IMF to understand how its staff's thinking about capital controls changed so radically. In doing so, he also provides an important case study of how international organizations work and evolve. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940's through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs. 606 $aFinancial services industry$xDeregulation 606 $aFinance$xGovernment policy 606 $aCredit control 606 $aFinancial crises 608 $aElectronic books. 615 0$aFinancial services industry$xDeregulation. 615 0$aFinance$xGovernment policy. 615 0$aCredit control. 615 0$aFinancial crises. 676 $a332.1 700 $aChwieroth$b Jeffrey M.$f1975-$01053992 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910456820503321 996 $aCapital ideas$92486286 997 $aUNINA