Restructuring of the International Financial System and Peripheral Countries

Vol. 22 No. 2 (2002)

Apr-Jun / 2002
Published April 1, 2002
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Freitas, Maria Cristina Penido de, and Daniela Magalhães Prates. 2002. “Restructuring of the International Financial System and Peripheral Countries”. Brazilian Journal of Political Economy 22 (2):207-24. https://doi.org/10.1590/0101-31572002-1268.
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Restructuring of the International Financial System and Peripheral Countries

Maria Cristina Penido de Freitas
Doutora em Economia pela Universidade de Paris XIII. Pesquisadora sênior da Diretoria de Economia do Setor Público da Fundação do Desenvolvimento Administrativo de São Paulo – DIESP/Fundap.
Daniela Magalhães Prates
Doutoranda do Instituto de Economia da Universidade Estadual de Campinas – IE/Unicamp, Campinas/ SP, Brasil. Pesquisadora da Diretoria de Economia do Setor Público da Fundação do Desenvolvimento Administrativo de São Paulo – DIESP/Fundap.
Brazilian Journal of Political Economy, Vol. 22 No. 2 (2002), Apr-Jun / 2002, Pages 207-224

Abstract

The purpose of this article is to present an evaluation of the international financial system reformulation propositions and their likely consequences for the national sovereignty of underdeveloped countries. To attain this objective, the article analyses the underlying rationale of the IMF’s main policy recommendations for the “new international financial architecture”, the new capital adequacy rules drawn by the Basle Committee, and the reform proposals for the IMF and the World Bank proposed by the US Congress and by the US government.

JEL Classification: F33; F53; G15; O19.


Keywords: International financial system international organizations IMF World Bank peripheral countries

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