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Erschienen in:
2004 | OriginalPaper | Buchkapitel
Remodeling the Multilateral Financial Institutions
verfasst von : Graham Bird, Joseph P. Joyce
Erschienen in: International Finance and the Developing Economies
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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Since the International Monetary Fund (IMF) and the World Bank were first established in 1946, the world economy has changed in a number of important ways.1 Not only have the volume, composition, and pattern of world trade changed, but capital flows have come to dominate the global balance of payments, as has been underlined by the financial crises of the 1990s (Europe in 1992–93, Mexico in 1994–95, and East Asia in 1997–98).