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Global Financial Architecture (LAWS70013)
Graduate coursework level 7Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
May
Lecturers
Danielle Malek Roosa (Coordinator)
Nadia Rendak
Email: law-masters@unimelb.edu.au
Phone: 13 MELB (13 6352), International: +(61 3) 9035 5511
Website: law.unimelb.edu.au
Overview
| Availability(Quotas apply) | May |
|---|---|
| Fees | Look up fees |
The International Monetary Fund (IMF) and the World Bank are arguably two poorly understood international organisations. Both are key components of the international monetary and financial architecture. They also play a vital role in national economies (as seen for example in the IMF's involvement in the Euro-zone crisis or in addressing the economic dislocations caused by global events and its analytical work on the prevention and resolution of financial and sovereign debt crises) and international development. This subject will focus on the IMF and World Bank while also providing students with a sophisticated understanding of the broader international financial system and its problems. The subject provides a valuable insider's perspective on the 'Bretton Woods' institutions.
Intended learning outcomes
A student who has successfully completed this subject will:
- Have an advanced and integrated understanding of the legal framework applicable to, and governance structures of, the IMF and World Bank
- Be able to critically examine, analyse, interpret and assess the operation of these institutions, in light of this legal framework and principles of good governance
- Be an engaged participant in debate regarding contemporary issues relating to the IMF and World Bank, such as voice and participation reforms, accountability and the relationship of these institutions to other multilateral and regional bodies (including new development banks)
- Have a sophisticated appreciation of the Articles of Agreement which established the IMF and World Bank, and key interpretive questions about the implementation of these Articles
- Have an advanced understanding of historical factors and processes that have influenced the design and development of the legal framework of the IMF and World Bank
- Have a detailed understanding of the relationship of the IMF and World Bank to other international institutions, including the UN and WTO
- Have the cognitive and technical skills to generate critical and creative ideas relating to the accountability of international financial institutions to their members, and to critically evaluate their impact on the sovereignty of their members
- Have the cognitive and technical skills to independently examine, research and analyse existing and emerging legal issues relating to the operation of the IMF and World Bank
- Have the communication skills to clearly articulate and convey complex information regarding the IMF and World Bank to relevant specialist and non-specialist audiences
Last updated: 31 January 2024