Bulletin n. 2/2016
December 2016
INDICE
  • 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
    • Sean Hagan
    Expanding the IMF’s Regulatory Authority—Incrementally
    in Journal of International Economic Law , Volume 19 Issue 2 ,  2016 ,  375-377
    During the period of 2010–11, a discussion took place within the International Monetary Fund (IMF) that I think John Jackson would have found interesting. Following the financial crisis of 2008, the IMF came under considerable criticism for the perceived weakness of its ‘surveillance’ function, namely, the role it plays in overseeing members’ compliance with their obligation to promote their own economic stability and the stability of the overall exchange rate system. This involved a discussion not only of whether the scope of members’ obligations was adequate, but also whether the existing framework for enforcement was sufficiently robust. Among the questions that were raised was whether the IMF should adopt the type of countermeasures utilized in the trade area under the WTO framework.
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