TY - JOUR AU - Magazzino, Cosimo AU - Mele, Marco PY - 2022/01/20 Y2 - 2024/03/29 TI - The global financial crisis and its effects on the international monetary funds JF - Brazilian Journal of Political Economy JA - BJPE VL - 42 IS - 1 SE - DO - 10.1590/0101-31572021-3239 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2293 SP - 5-24 AB - <p>This paper aims to analyze the innovations introduced in the functions of the<br />International Monetary Fund in the context of the 2008 economic and financial crisis.<br />This promoted an action that aimed to strengthen the surveillance function through the<br />adoption of the Integrated Surveillance. Thus, alongside the traditional conditionality based<br />on an a posteriori implementation of adequate economic policies, a criterion of ex ante<br />conditionality in the precautionary branches was also introduced or based on the economic<br />characteristics of the country to be financed. Concerning traditional conditionality, it will<br />be asked whether the IMF has adopted a less extensive approach than its role.</p><p><strong>JEL Classification:</strong> E42; F02; F42; G20.</p> ER -