POLB81H3 Lecture Notes - Lecture 9: Ngaire Woods, Conditionality
9 Jun 2016
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Of what is this an instance: 160 offering oversight + solutions, also about learning about institutions trying to get ahead, worry about asset bubbles, institutionalist (defining good behaviour, prevention through technocratic expertise. Governing financial crisis what we have to work with: us domestic response goes global, video watched in class. Another one of the bretton woods organizations set up after wwii. States realized that they could not manage global financial stability on their own and so they created the imf. 1940s originally set up to manage gold standard. Gold standard collapsed in the 1970s (too expensive) In the 1970s we went from gold standard to floating exchange. Imf moved into larger questions of global stability how money moves across borders. Cooperative institutional response to manage global financial crisis. Goal = how to keep global financial stability stable. Key international organization that states can use in areas of crisis = 2 governance: governance functions, surveillance.
