A Fund of Wisdom

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A Fund of Wisdom

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dc.contributor.author Seabrooke, Leonard en_US
dc.contributor.author Broome, André en_US
dc.date.accessioned 2009-02-04T10:26:49Z
dc.date.available 2009-02-04T10:26:49Z
dc.date.issued 2006-12-21T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7323
dc.description.abstract The International Monetary Fund spends most of its time monitoring its member states' economic performance and advising on institutional change. While much of the literature sees the Fund as a policy enforcer in "emerging market" and "frontier" economies, little attention has been paid to exploring the Fund’s bilateral surveillance of its Western member states. This article proposes that "seeing like the IMF" provides a dynamic view of how the Fund frames its advice for institutional change. It does so through "associational templates" that do not blindly promote institutional convergence, but appeal for change on the basis of like-characteristics among economies. Many Western states, particularly small open economies, consider the Fund's advice as important not only for technical know-how, but because Fund assessments are significant to international and domestic political audiences. This article traces the Fund's advice on taxation and monetary reform to two coordinated market economies, Denmark and Sweden, and two liberal market economies, Australia and New Zealand from 1975 to 2004. It maps how the Fund advocated "policy revolutions" and "policy recombinations" during this period, advice that coincided with important institutional changes within these small open economies. en_US
dc.format.extent 36 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2006-037 en_US
dc.subject.other international monetary fund; surveillance; institutional change; coordinated market economies; liberal market economies; taxation policy; monetary policy en_US
dc.title A Fund of Wisdom en_US
dc.type wp en_US
dc.accessionstatus modt06dec21 chlamo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department International Center for Business and Politics en_US
dc.contributor.departmentshort DBP en_US
dc.contributor.departmentuk International Center for Business and Politics en_US
dc.contributor.departmentukshort CBP en_US
dc.idnumber x656537468 en_US
dc.publisher.city København en_US
dc.publisher.year 2006 en_US
dc.title.subtitle The International Monetary Fund and Policy Reform Surveillance in Small Open Economies en_US


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