The paper investigates the mechanisms that led member countries to agree on the proposal to amend the IMF’s Articles of Agreement in 1997. Comparing the creation of such a consensus with its unraveling in 1998, the argument is that member countries’ convergence on the decision to amend was facilitated by the end-means linkage articulated by staff members. Indeed, IMF staff defined international financial liberalization as the goal to be pursued and the amendment to the IMF’s Articles as the means to pursue the goal. As long as staff members were able to catalyze member countries’ attention on the end-means linkage, the amendment was high on the Fund’s agenda. In order to test my argument, the paper first identifies the content of IMF staff-sponsored ideas on international financial liberalization. The paper then traces the changing influence of those ideas on member countries negotiations in the period before and after the Asian financial crisis
La Riforma dei poteri del FMI: Un Caso-Studio sul Fallimento del Policy Change
Moschella, Manuela
2009
Abstract
The paper investigates the mechanisms that led member countries to agree on the proposal to amend the IMF’s Articles of Agreement in 1997. Comparing the creation of such a consensus with its unraveling in 1998, the argument is that member countries’ convergence on the decision to amend was facilitated by the end-means linkage articulated by staff members. Indeed, IMF staff defined international financial liberalization as the goal to be pursued and the amendment to the IMF’s Articles as the means to pursue the goal. As long as staff members were able to catalyze member countries’ attention on the end-means linkage, the amendment was high on the Fund’s agenda. In order to test my argument, the paper first identifies the content of IMF staff-sponsored ideas on international financial liberalization. The paper then traces the changing influence of those ideas on member countries negotiations in the period before and after the Asian financial crisisI documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
