Document Type

Graduate Syllabus


Spring 2009



Course Number

DIPL 6113

Course Description

This course has been designed to provide a better understanding of international financial institutions with a particular emphasis on the International Monetary Fund and the World Bank. Just six months ago, serious questions were being raised about the relevance of the IMF and the need for its traditional activity dealing with countries experiencing severe financial problems. Now that the global financial crisis has burst on the scene, the fund is as busy as ever.

Activities and background of the Fund and the World Bank will be examined with emphasis on arguments about their relevance and proposals for reform. In addition, we will examine the role of various other multilateral development finance institutions. Discussions of reform of the international financial architecture have intensified as the current global financial crisis has unfolded, so we will devote considerable attention to this issue and to some proposals that have been made.