The Global Economic Order
Show Less

The Global Economic Order

The International Law and Politics of the Financial and Monetary System

Elli Louka

Exploring in depth the institutions that underpin the global economy, this study provides invaluable insights into why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all. The author investigates how debt – a critical component of states’ economic infrastructure – leads to debilitating crises, and how these crises undermine the economic autonomy and political independence of states. 
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 13: The International Monetary Fund and the world order

Elli Louka

Abstract

We examine the structure of the IMF, the voting power of states that are its members and the ability of the IMF to shape global economic conditions through its lending programs, surveillance of states, and the standards and codes it issues or endorses. We scrutinize the conditionality that IMF imposes on states in exchange for lending to them when they are in financial jeopardy, and the repercussions of that conditionality on the willingness of states to seek the IMF’s assistance.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.