Chapter

Legal Yardsticks: International Financial Institutions as Diagnosticians and Designers of the Laws of Nations

Terence C. Halliday

in Governance by Indicators

Published in print July 2012 | ISBN: 9780199658244
Published online September 2012 | e-ISBN: 9780199949915 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199658244.003.0008
Legal Yardsticks: International Financial Institutions as Diagnosticians and Designers of the Laws of Nations

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This chapter analyzes the results of comprehensive empirical studies conducted by inter-governmental financial institutions (IFIs). These studies measure the quality of national laws on matters such as corporate bankruptcy, and are used to promote change through inter-country comparison and evaluate change through intertemporal comparisons of a single country. These initiatives are situated within a complete ecology of partly-competitive interactions between and within IFIs. This chapter also considers the argument that the professional, ecological, and organizational challenges that are faced by IFIs and their legal shifts place relevant limits to changing the use of indicators and transferring to non-indicative methodologies.

Keywords: inter-governmental financial institutions; national laws; inter-country comparison; intertemporal comparison; challenges; non-indicative methodologies

Chapter.  16624 words.  Illustrated.

Subjects: Public International Law

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