The IMF after DSK
One unanticipated result of the lurid sex scandal involving IMF ex-Managing Director Dominique Strauss-Kahn is that the question of his successor is attracting considerable public interest and concern. Indeed, the scandal has exposed some fundamental problems about the IMF’s governance, and even about its existence.
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PRINCETON – How the mighty International Monetary Fund has fallen. More than a decade ago, the French magazine Paris Match carried a picture of the Fund’s then Managing Director, Michel Camdessus, with the title: “The Most Powerful Frenchman in the World.” Today, his successor, Dominique Strauss-Kahn (DSK), handcuffed and grave in ubiquitous front-page photos, is the most humiliated Frenchman in the world.