Expanded Mandate for the IMF: Global Financial Stability
Legal Implications for the Articles of Agreement
PDF Available for Official Citation
Ioana C. Ciobanasu*
 
The International Monetary Fund (IMF), an institution that almost lost its meaning before the Great Recession of 2007-2010, came back to life in all its powers (and limitations).[1] This paper explores how to keep the IMF relevant in the current international economic environment.
This paper will advocate an expanded mandate for the IMF in the area of global financial stability. This study affirms that the institution’s irrelevance before the Great Recession …

Updating the International Monetary System to Respond to Current Global Challenges: Can It Happen Within the Existing Legal Framework?
Aldo Caliari*(Director, Rethinking Bretton Woods Project, Center of Concern.)
PDF with footnotes available here
 
I. INTRODUCTION
The global economic crisis of 2008–09 triggered the most intense debate about the                           international monetary system that the world has seen in the last four decades. As a result,             international policy-makers from both developed and developing countries,   …