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The IMF is a purposive actor in world politics, primarily driven by a set of homogenous economic ideas, Stephen C. Nelson suggests in The Currency of Confidence, and its professional staff emerged from an insular set of American-trained economists.
Stephen C. Nelson is Assistant Professor of Political Science at Northwestern University. In 2010 he won the American Political Science Award's Helen Dwight Reid Award for best dissertation in the field of international relations.
"In The Currency of Confidence, Stephen C. Nelson uses a combination of quantitative analysis and case studies to define the extent to which the IMF's economic beliefs influence its lending decisions. Nelson’s pathbreaking analytics and accessible writing style will appeal to economists, political scientists, and policymakers alike."
Louis W. Pauly, FRSC, University of Toronto, author of Who Elected the Bankers? :
"Stephen C. Nelson offers an innovative analysis of the often fraught relationship between the IMF and its borrowers. He systematically shows how social conventions help decision makers cope with uncertainty and stifle dissent. This outstanding book provides much insight into the contentious ideological foundations of a rapidly evolving global economy."
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