The International Monetary and Financial Order in the Post-2008 Crisis
DOI:
https://doi.org/10.21530/ci.v20n1.2025.1536Keywords:
order, dollar, capital controls, lender of last resort, IMFSAbstract
This paper revisits the discussion on order in the International
Monetary and Financial System (IMFS) by analyzing the strategies adopted by the United States and emerging countries in managing the Global Financial
Crisis. On the one hand, the activation of the Fed’s network of currency swaps indicates
crisis management by the hegemonic power. On the other hand, emerging economies
adopted defensive strategies, particularly capital controls. The aim is to show how certain
theoretical approaches in International Political Economy analyze the possible degrees of
accommodation between these strategies for containing the effects of the crisis.
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Copyright (c) 2025 Debora Gaspar
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