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OverviewThe IMF is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, Stephen C. Nelson suggests, and its professional staff emerged from an insular set of American-trained economists. The IMF treats countries differently depending on whether that staff trusts the country's top officials; that trust in turn depends on the educational credentials of the policy team that Fund officials face across the negotiating table. Intellectual differences thus lead to lasting economic effects for the citizens of countries seeking IMF support. Based on deep archival research in IMF archives and personnel files, Nelson argues that the IMF has been the Johnny Appleseed of neoliberalism: neoliberal policymakers sprout and take root in countries that have spent recent decades living under the Fund's conditional lending arrangements. Nelson supports his argument through quantitative measures and illustrates the dynamics of relations between the Fund and client countries in a detailed examination of newly available archives of four periods in Argentina's long and often bitter relations with the IMF. The Currency of Confidence ends with Nelson's examination of how the IMF emerged from the global financial crisis as an unexpected victor. Full Product DetailsAuthor: Stephen C. NelsonPublisher: Cornell University Press Imprint: Cornell University Press Dimensions: Width: 15.20cm , Height: 2.40cm , Length: 22.90cm Weight: 0.907kg ISBN: 9781501705120ISBN 10: 1501705121 Pages: 248 Publication Date: 07 February 2017 Recommended Age: From 18 years Audience: General/trade , General Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Understanding the IMF and Its Borrowers 2. How Shared Economic Beliefs Shape Loan Size, Conditionality, and Enforcement Decisions 3. Playing Favorites: Quantitative Evidence Linking Shared Economic Beliefs to Variation in IMF Treatment 4. Argentina and the IMF in Turbulent Times, 1976-1984 5. From One Crisis to the Next: IMF-Argentine Relations, 1985-2002 6. Staying Alive: IMF Lending Programs and the Political Survival of Economic Policymakers 7. Implications, Extensions, and Speculations: The IMF and Its Borrowers, in and out of Hard TimesReviewsStephen C. Nelson offers an innovative analysis of the often fraught relationship between the IMF and its borrowers. He systematically shows how social conventions help decision makers cope with uncertainty and stifle dissent. This outstanding book provides much insight into the contentious ideological foundations of a rapidly evolving global economy. -Louis W. Pauly, FRSC, University of Toronto, author of Who Elected the Bankers? In The Currency of Confidence, Stephen C. Nelson uses a combination of quantitative analysis and case studies to define the extent to which the IMF's economic beliefs influence its lending decisions. Nelson's pathbreaking analytics and accessible writing style will appeal to economists, political scientists, and policymakers alike. -Kevin P. Gallagher, Boston University, author of Ruling Capital: Emerging Markets and the Reregulation of Cross-Border Finance Author InformationStephen C. Nelson is Assistant Professor of Political Science at Northwestern University. In 2010 he won the American Political Science Award's Helen Dwight Reid Award for best dissertation in the field of international relations. Tab Content 6Author Website:Countries AvailableAll regions |