The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...

The legal framework surrounding globalization is far from clear. Globalization is inextricably linked to the idea of free movement of capital vis-à-vis states’ restrictions. The leading approach in international law argues that states have the ultimate right to regulate their money. Invoking...