Where Did the Tradition of a European IMF Managing Director Start? Thank J. Edgar Hoover.
Benn Steil, director of international economics at the Council on Foreign Relations has an interesting peek at the history of the formation of the World Bank and IMF in a New York Times op-ed. From their inceptions, the World Bank has traditionally had an American President and the IMF a European Managing Director. But why? I had learned in college that...