Reinhart, Carmen M.; Trebesch, Christoph - 2015 - This draft: December 10, 2015
A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over … time along multiple dimensions. This history is primarily consistent with a "demand driven" theory of institutional change … decades, banking crises and sovereign defaults became they key focus since the 1980s. Around this time, the IMF shifted from …