GHU Logo
The Great Heights University Library
Academic discovery, digital access, and research support

The International Monetary Fund under Constraint : Legitimacy of its Crisis Management /

Rashed, Roshdi,

The International Monetary Fund under Constraint : Legitimacy of its Crisis Management / Legitimacy of its Crisis Management Eva Riesenhuber. - 1 online resource. - Brill Book Archive Part 1, ISBN: 9789004472495 Legal Aspects of International Organizations ; 39 . - Brill Book Archive Part 1, ISBN: 9789004472495. Legal Aspects of International Organizations ; 39. .

Includes bibliographical references and index.

Acknowledgments. List of Abbreviations. I. Introduction. II. The International Monetary Fund - A General Introduction. III. The Asian Crisis. IV. Indonesia. V. The Crisis in Indonesia. VI. Legitimacy of the IMF Programs in Indonesia. VII. Suggestions for a New Financial System. VIII. Conclusion. References. Index.

The International Monetary Fund under Constraint exposes a legal dilemma facing the IMF as it tackles international crisis management. Using the Asian crisis - and more particularly economic and political events in Indonesia - as an example, this volume examines whether the Fund's activities in Asia were legally justified. The results of this analysis lead to the following question: What future role can the IMF play in the international financial architecture? The principles of international law and the legal foundations of the Fund are used to analyse the reform suggestions of economic experts and to find a suitable concept for future IMF involvement in financial crises and crises prevention. This volume is a long-overdue legal analysis of IMF activities. It presents the combination of law and economics which was originally at the heart of the IMF but which so far has been ignored in today's reform discussion.

9789004479005 9789041115775

10.1163/9789004479005 DOI


Financial crises--Asia.
International finance--Law and legislation.
International finance.

HG3881.5

332.1