TY - BOOK ID - 80734057 TI - The Currency of Confidence : How Economic Beliefs Shape the IMF's Relationship with Its Borrowers PY - 2017 SN - 9781501708305 1501708309 9781501708299 1501708295 9781501705120 1501705121 PB - Ithaca, NY : Cornell University Press, DB - UniCat KW - Loans, Foreign KW - Financial crises KW - Neoliberalism KW - Neo-liberalism KW - Liberalism KW - Crashes, Financial KW - Crises, Financial KW - Financial crashes KW - Financial panics KW - Panics (Finance) KW - Stock exchange crashes KW - Stock market panics KW - Crises KW - Foreign loans KW - International loans KW - Loans, International KW - Loans KW - Conditionality (International relations) KW - Foreign loan insurance KW - International Monetary Fund. KW - Internationaal monetair fonds KW - International monetary fund KW - E-books KW - 333.432.8 KW - Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. KW - Neoliberalism. KW - Financial crises. KW - Loans, Foreign. KW - Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten UR - https://www.unicat.be/uniCat?func=search&query=sysid:80734057 AB - The IMF is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, Stephen C. Nelson suggests, and its professional staff emerged from an insular set of American-trained economists. The IMF treats countries differently depending on whether that staff trusts the country's top officials; that trust in turn depends on the educational credentials of the policy team that Fund officials face across the negotiating table. Intellectual differences thus lead to lasting economic effects for the citizens of countries seeking IMF support.Based on deep archival research in IMF archives and personnel files, Nelson argues that the IMF has been the Johnny Appleseed of neoliberalism: neoliberal policymakers sprout and take root in countries that have spent recent decades living under the Fund's conditional lending arrangements. Nelson supports his argument through quantitative measures and illustrates the dynamics of relations between the Fund and client countries in a detailed examination of newly available archives of four periods in Argentina's long and often bitter relations with the IMF. The Currency of Confidence ends with Nelson's examination of how the IMF emerged from the global financial crisis as an unexpected victor. ER -