Book Received
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Section B) Global governance and international organizations
    Subsection 2.The economic and financial international organizations
    Broome André
    The Currency of Power
    Ed. Palgrave Macmillan , 2010
    Page 256

    ISBN 978-0-230-24005-6
    States aggressively defend their right to make national monetary policy choices as a fundamental sovereign prerogative. This book examines how the International Monetary Fund engages in the politics of ideas to shape domestic institutional change. Drawing on case studies from post-Soviet Central Asia, André Broome explains that how governments interpret their policy options mediates the IMFs influence over economic reform during periods of crisis and uncertainty.The book also shows how IMF staff play a larger role in determining access to loans than is often recognized by scholars who focus on major power influence on the IMF. By acting as a reputational intermediary, the IMF attempts to boost its impact on national policy reform in exchange for improving the sovereign creditworthiness of borrower states, but its influence over the implementation of formal policy changes is often frustrated by everyday politics.
    Series: International Political Economy Series
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