Solving the IMF's Existential Crisis
10 October 2007 4:00 pm
Barry Eichengreen, University of California, Berkeley
Oesterreichische Nationalbank, Otto-Wagner-Platz 3, 1090 Vienna, 'Veranstaltungssaal'
This Gobal Economy Lecture, organized by the Oesterreichische Nationalbank (OeNB) and the Vienna Institute for International Economic Studies (wiiw), focuses on the International Monetary Fund (IMF). For the past 60 years, the IMF has had the task of fostering international monetary cooperation, securing financial stability, facilitating openness in international trade, and promoting a framework for macroeconomic sustainability of economic development in a large number of economies. This lecture will consider the role for the IMF in a world where emerging markets believe that they no longer need the Fund to help protect them against financial crises. It asks in which way the IMF needs to be reformed to ready it for the 21st century. Barry Eichengreen, who is a former Senior Policy Advisor at the IMF and an eminent expert on global macroeconomic and financial developments, will discuss the issues revolving around the future role of the IMF against the background of current global imbalances and financial market instability.