David Felix

Author Bio

Consultant, United Nations Development Programme.

“IMF Case of a Dead Theory Walking,” Foreign Policy In Focus (April 2000); “Repairing the Global Financial Architecture,” Foreign Policy In Focus (September 1998); “IMF Bailouts and Global Financial Flows,” Foreign Policy In Focus (April 1998); “Is the Drive Toward Free Market Globalization Stalling?” Latin American Research Review (Fall 1998).

Content by this author

IMF: Case of a Dead Theory Walking

The Asian financial crisis has eased, but its reverberations have enmeshed the International Monetary Fund (IMF) in a major legitimacy crisis over its recently assumed mission and its ability to implement it.

Contagion Effect Taking Hold in Latin America

Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.
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