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    The IMF as a de facto institution of the EU: a multiple supervisor approach

    Hodson, Dermot (2015) The IMF as a de facto institution of the EU: a multiple supervisor approach. Review of International Political Economy 22 (3), pp. 570-598. ISSN 0969-2290.

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    Abstract

    This paper seeks to understand and explain the International Monetary Fund's (IMF) evolving relationship with the European Union (EU) before and after the global financial crisis of 2007–2008. Prior to this crisis, the two sides operated on parallel tracks with little scope for mutual adjustment even during the economic turmoil of the 1970s. After the global financial crisis, the IMF emerged as a de facto institution of the EU thanks to European leaders’ delegation of supervisory powers to both the Fund and the European Commission. The reasons for, and consequences of, this dual delegation are explored here by means of amultiple supervisor variation on the classic principal-agent-supervisor approach.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): European Union, International Monetary Fund, global financial crisis, principal-agent-supervisor
    School: Birkbeck Schools and Departments > School of Social Sciences, History and Philosophy > Politics
    Research Centre: British Politics and Public Life, Centre for the Study of
    Depositing User: Administrator
    Date Deposited: 30 Oct 2014 11:05
    Last Modified: 07 Dec 2016 15:23
    URI: http://eprints.bbk.ac.uk/id/eprint/10840

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