The IMF and the force of history

This IMF working paper describes ten events and ten ideas that have shaped the Fund. Designed during World War II, the IMF, it says, has been influenced by the cold war, globalisation and the collapse of communism. Ideas such as Keynesianism, monetarism, the case for floating exchange rates and inflation targeting also played their part in shaping the institution.

Summary

The International Monetary Fund was designed during World War II by men whose worldview had been shaped by the Great War and

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