Productive Incoherence in an Uncertain World: Financial governance, policy space and development after the global crisis Ilene Grabel

The current global financial crisis raises important questions for scholars of international political economy. Among the most important of these is how it is influencing various dimensions of financial governance vis-à-vis developing and transitional economies. The paper examines three related questions. How is the crisis affecting the governance and policies of the IMF; the prospects of regional alternatives to the Fund; and the policy space available to developing and transitional countries?

uncertain_world (Download the full text in PDF format)