J. Lawrence Broz
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In the 1990s, the American executive organized financial rescues for Mexico and several Asian economies. These rescues were controversial in Congress, where members voted repeatedly to reduce or eliminate ...
We examine the political motivations that shape International Monetary Fund lending decisions. While we focus on the IMF’s most powerful member – the United States – we abandon the typical “national ...
Central bank independence (CBI) and fixed exchange rates are alternative monetary commitments that differ in transparency. While CBI is opaque and difficult to monitor, a commitment to a fixed exchange ...
