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Europe in the World Research Seminar and Max Weber Master Class with Prof. Ngaire Woods: Is Better Global Governance Possible?

Dates:
  • Thu 15 Dec 2016 11.00 - 13.00
  Add to Calendar 2016-12-15 11:00 2016-12-15 13:00 Europe/Paris Europe in the World Research Seminar and Max Weber Master Class with Prof. Ngaire Woods: Is Better Global Governance Possible?

The International Monetary Fund is a controversial institution whose interventions regularly provoke passionate reactions. Ngaire Woods will argue that there is an important role for the IMF in helping to solve information, commitment, and coordination problems with significant implications for the stability of national economies and the international monetary and financial system. In executing these functions, the effectiveness of the IMF, like that of a football referee, depends on whether the players see it as competent and impartial. Prof. Woods will argue that the Fund's perceived competence and impartiality, and hence its effectiveness, are limited by its failure to meet four challenges—concerning the quality of its surveillance (of individual countries, groups of countries, and the global system); the relevance of conditionality in loan contracts; the utility of the Fund's approach to debt problems; and the Fund's failure to adopt a system of governance that gives appropriate voice to different stakeholders. These problems of legitimacy will have to be addressed in order for the IMF to play a more effective role in the 21st century.

Seminar Room 3, Badia Fiesolana DD/MM/YYYY
  Seminar Room 3, Badia Fiesolana

The International Monetary Fund is a controversial institution whose interventions regularly provoke passionate reactions. Ngaire Woods will argue that there is an important role for the IMF in helping to solve information, commitment, and coordination problems with significant implications for the stability of national economies and the international monetary and financial system. In executing these functions, the effectiveness of the IMF, like that of a football referee, depends on whether the players see it as competent and impartial. Prof. Woods will argue that the Fund's perceived competence and impartiality, and hence its effectiveness, are limited by its failure to meet four challenges—concerning the quality of its surveillance (of individual countries, groups of countries, and the global system); the relevance of conditionality in loan contracts; the utility of the Fund's approach to debt problems; and the Fund's failure to adopt a system of governance that gives appropriate voice to different stakeholders. These problems of legitimacy will have to be addressed in order for the IMF to play a more effective role in the 21st century.


Location:
Seminar Room 3, Badia Fiesolana

Affiliation:
Max Weber Programme
Department of Political and Social Sciences
Robert Schuman Centre for Advanced Studies
Department of History and Civilization

Type:
Research seminar

Contact:
Mia Saugman - Send a mail
Francesca Grassini (EUI - Max Weber Programme) - Send a mail

Speaker:
Professor Ngaire Woods (University of Oxford)
 
 
 

Page last updated on 10 November 2016