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Legitimacy Gaps in the World Economy: Explaining the Sources of the IMF's Legitimacy Crisis

Seabrooke, Leonard


Since the Asian financial crisis of 1997-1998, the International Monetary Fund (the Fund) has been embroiled in an international crisis of legitimacy. Assertions of a crisis are premised on the notions that the Fund's voting system is unfair, that the Fund enforces homogeneous policies onto borrowing member states and that loan programmes tend to fail. Seen this way, poor institutional and policy design has led to a loss of legitimacy. But institutionalised inequalities or policy failure is not...[Show more]

CollectionsANU Research Publications
Date published: 2007
Type: Journal article
Source: International Politics: a journal of transnational issues and global problems
DOI: 10.1057/palgrave.ip.8800187


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