Rationality Intertwined: Classical vs Institutional View

2009 ◽  
Author(s):  
Roberto I. R. L. Lima Filho
Keyword(s):  
Institutional View

scholarly journals Juridification as politics: An institutional view

2020 ◽  
pp. 019145372096217
Author(s):  
Mariano Croce
Keyword(s):  
Social Groups ◽  
The State ◽  
Self Organization ◽  
Legal Process ◽  
Political Issues ◽  
Family Networks ◽  
Social Actors ◽  
Political Processes ◽  
The Creation ◽  
Institutional View

In the existing literature on depoliticization, the increasing use of law as a medium to tackle social and political issues is deemed to be detrimental to the legitimacy of political processes. Against this view, I argue that this trend – which some scholars call ‘juridification’ – can be key to giving life to new forms of politics. First, I show why juridification is a political more than a legal process. Second, I illustrate recent critiques of the dangers inherent in the particular type of juridification that involves the growing use of rights. Third, while concurring with these critiques, I make the case that other facets of juridification are often underrated that can ignite a novel kind of politics. On this account, I go on by elaborating on the idea of self-organization of social groups vis-à-vis the state that is entailed in this notion of politics. Finally, I discuss the recognition of non-conventional family networks to exemplify how a politics of juridification could work. The conclusion is that, while juridification calls for a thorough revision of the tasks of politics, it does not thwart it. Rather, traditional representative politics could and should take stock of how it involves social actors in the creation of new bodies of regulation.

Guidance Note for the Liberalization and Management of Capital Flows

Policy Papers ◽  
2013 ◽  
Vol 2013 (34) ◽  
Author(s):  
Keyword(s):  
Capital Flows ◽  
Technical Assistance ◽  
International Agreements ◽  
Policy Advice ◽  
Research Staff ◽  
Guidance Note ◽  
Consistent Basis ◽  
Operational Guidance ◽  
Institutional View ◽  
Over Time

This note provides operational guidance to staff for how to use the Fund’s institutional view on the liberalization and management of capital flows. The institutional view is a consistent basis for providing policy advice on capital flows and policies related to them and assessments when required for surveillance. In the absence of an institutional view, country teams risk providing inconsistent advice to countries in similar circumstances (IEO, 2005). The view does not have mandatory implications for Fund-supported programs or technical assistance. It does not alter members’ rights and obligations under the Fund’s Articles of Agreement or under any other international agreements. The institutional view and guidance will evolve over time to reflect new experience, emerging views of authorities and staff, and research. Staff teams are encouraged to reflect useful lessons from authorities’ experiences with capital flow liberalization and management in Fund reports so that these experiences can continue to influence the Fund’s approach to these issues.

Capital Flows - Review of Experience with the Institutional View

Policy Papers ◽  
2016 ◽  
Vol 2016 (36) ◽  
Author(s):  
Keyword(s):  
Capital Flows ◽  
International Monetary System ◽  
Monetary System ◽  
Institutional View

Capital flows are an important aspect of the international monetary system. They provide significant benefits, both direct and indirect. At the same time, they also carry risks, and a key challenge for countries is how to harness the benefits while managing the risks. The institutional view on the liberalization and management of capital flows provides the Fund with a basis for consistent advice on policies related to capital flows. This paper reviews countries’ experiences with handling capital flows in the period since the adoption of the IMF’s institutional view in 2012. Based on the experience, it identifies a few areas in which the view would benefit from further clarification or elaboration.

“In Case of Emergency, Break-Open Glass”: The IMF’s “New” Institutional View, Financial Instability, and Financing Development Processes

2017 ◽  
Vol 49 (4) ◽  
pp. 543-550
Author(s):  
Devin Thomas Rafferty
Keyword(s):  
North Atlantic ◽  
Financial Stability ◽  
Developing Economies ◽  
International Capital ◽  
The North ◽  
Management Measures ◽  
Development Processes ◽  
The International Monetary Fund ◽  
Institutional View ◽  
New Framework

After the North Atlantic Financial Crisis, the International Monetary Fund (IMF) shifted towards a greater acceptance of capital controls (what it calls capital flow management measures) for regulating international capital flows with the publication of its “New” Institutional View. This begs the question of what such a change means for developing economies; specifically, whether the new framework addresses the needs they have for producing financial stability. That is the topic examined in this paper.

Sign in / Sign up

Export Citation Format

Share Document