The International Monetary Fund under Constraint

This text exposes a legal dilemma facing the IMF as it tackles international crisis management. It examines whether the Fund's activities in Asia during the crises were legally justified, which leads to the question of what future role can the IMF play in the international financial architecture?

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The International Monetary Fund under Constraint exposes a legal dilemma facing the IMF as it tackles international crisis management. 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.