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The Currency of Confidence
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The Currency of Confidence: How Economic Beliefs Shape the IMF’s Relationship with Its Borrowers

Stephen C. Nelson


This book suggests that the International Monetary Fund (IMF) is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, with professional staff who emerged from an insular set of American-trained economists. The IMF treats countries differently depending on whether that staff trusts the country's top officials; that trust in turn depends on the educational credentials of the policy team that Fund officials face across the negotiating table. Intellectual differences thus lead to lasting economic effects for the citizens of countries seeking IMF support. Bas ... More

Keywords: neoliberalism, International Monetary Fund, IMF, world politics, Argentina, trust, conditional lending

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9781501705120
Published to Cornell Scholarship Online: September 2017 DOI:10.7591/cornell/9781501705120.001.0001


Affiliations are at time of print publication.

Stephen C. Nelson, author
Northwestern University