Linkages between International Financial and Trade Institutions : IMF, World Bank and WTO

Title
Linkages between International Financial and Trade Institutions : IMF, World Bank and WTO
Authors
Ahn, Dukgeun
Issue Date
2000
Series/Report no.
KDI Working Paper Series;00-03
Abstract
This paper examines the linkage issues between international trade institution and international financial institutions, in particular the WTO and the IMF. Although the WTO was established as an international organization in 1995, the current arrangement between the WTO and the IMF is not sufficient to accommodate the new development for the world trading system. This deficiency of institutional arrangement drew much attention during the recent financial crisis in which the active role of the IMF was viewed occasionally to be in conflict with the obligation of the WTO system. In this paper, the historical and current arrangement between the IMF and the World Bank and the WTO are examined to shed some light on potential areas for new development. In addition, the role of the IMF concerning financial issues, inter alia, in the WTO dispute settlement is also reviewed. This issue is discussed in relation to the issue of proper delineation between the WTO dispute settlement system and the Balance-of-Payments Committee.
URI
http://archives.kdischool.ac.kr/handle/11125/16866
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