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On Defense, France Bites the Bullet, But Avoids Strategic Insolvency May 7, 2013

Iceland’s Recovery Saga Presents Opportunities for Brussels, Washington—and Beijing May 6, 2013

Which Way Forward for Europe’s Hybrid Regimes? May 2, 2013

The Arab Revolts and the Liberal Order May 2, 2013

Events
GMF celebrates its 40 year history and Founder and Chairman, Dr. Guido Goldman at Gala Dinner May 09, 2013 / Washington, DC

GMF held a celebratory gala dinner at the United States Institute of Peace in Washington, Wednesday May 8.

Audio
Deal Between Kosovo, Serbia is a European Solution to a European Problem May 13, 2013

In this podcast, GMF Vice President of Programs Ivan Vejvoda discusses last month's historic agreement to normalize relations between Kosovo and Serbia.

Andrew Small on China’s Influence in the Middle East Peace Process May 10, 2013

Anchor Elaine Reyes speaks with Andrew Small, Transatlantic Fellow of the Asia Program for the German Marshall Fund, about Beijing's potential role in brokering peace between Israel and Palestine

Insuring Against Instability: United States and the future of the International Monetary Fund October 06, 2010 / Kati Suominen
Berkeley Electronic Press

Related Regions: European Union / North America
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 The International Monetary Fund (IMF), only a few years ago fading into obscurity in the thriving world economy, made a comeback during the 2008-2009 crisis. The G-20 re-tasked the Fund and tripled its lending capacity. Notwithstanding its new windfall and duties, the Fund’s legitimacy and effectiveness are in doubt. The main challenges center on disagreements between the Western European nations and emerging markets over the Fund’s governance and focus, a specter of disintegration of the global crisis management architecture by way of bilateral and regional financial arrangements (particularly in Asia), and limitations to the Fund’s responsiveness to major crises.
 
Yet the threat of global financial instability persists, and the Fund is uniquely qualified to counter it. The United States, the Fund’s founder and main shareholder, has sponsored sound reforms to the Fund in the context of the G-20. However, farther-reaching paradigmatic changes are required for the Fund to effectively manage global economic instability in the 21st century: focusing the Fund’s analytical powers squarely on systemic risks and largest economies rather than on small, developing nations; turning the Fund from a crisis firefighter into a global preventive care unit that rewards members for sound policies; and making the Fund a bridge between public and private insurance markets.