Since the special drawing right (SDR) was established in 1967, the volume of international financing has grown tremendously, as has the variety of instruments, currencies, and sources of funds involved. In conjunction with the flexible exchange rate system that has prevailed ove…
The IMF, the World Bank and the African debt
A columnist for the "Economist" discusses the history of monetary booms and busts and describes the consequences of the enormous amounts of unrepayable debt racked up by the United States for the country and its citizens.
'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence, explaining but also challenging this insider view, while at the…
'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence. The Bank, struggling to remain relevant amid India's recent rap…
'The World Bank needs India more than India needs it.' So goes an emerging consensus on both sides of the relationship between the Bank and its largest borrower. This book analyzes the politics of aid and influence. The Bank, struggling to remain relevant amid India's recent rap…