wiiw Global Economy Lecture
Annual lecture on topical issues of global economic development by eminent economists. Organized in cooperation with the Austrian National Bank. Series Details
Venue: Oesterreichische Nationalbank, Vienna 9, Otto-Wagner-Platz 3, 'Veranstaltungssaal'
Wednesday, 10 October 2007, 4:00 pm
This Gobal Economy Lecture, organized by the Oesterreichische Nationalbank (OeNB) and the Vienna Institute for International Economic Studies (wiiw), focuses on the International Monetary Fund (IMF). For the past 60 years, the IMF has had the task of fostering international monetary cooperation, securing financial stability, facilitating openness in international trade, and promoting a framework for macroeconomic sustainability of economic development in a large number of economies. This lecture will consider the role for the IMF in a world where emerging markets believe that they no longer need the Fund to help protect them against financial crises. It asks in which way the IMF needs to be reformed to ready it for the 21st century. Barry Eichengreen, who is a former Senior Policy Advisor at the IMF and an eminent expert on global macroeconomic and financial developments, will discuss the issues revolving around the future role of the IMF against the background of current global imbalances and financial market instability.