Is the IMF obsolete?(A SYMPOSIUM OF VIEWS)(International Monetary Fund)

From: The International Economy | Date: March 22, 2007 | Copyright information

Several years ago, even asking such a question would have seemed absurd. Yet today, with the narrowing of risk spreads in an era of increasingly interconnected markets and more efficient risk management, is the IMF's role still relevant? Has the rise of Asia, with its reliance on self-insurance by reserve accumulation since 1998, shown the Fund the door?

The institution already once in its history, after the United States went off the gold standard, redefined its mission. Is there a need for a second round of mission redefinition? If so, what's the next mission? Some have ...

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