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Austerity, Social Legitimacy & Reform CapacityWhether adjustment programs are politically survivable.
Dollar System, Reserve Currencies & Emerging MarketsFX pressure, reserve management, and de-dollarization debates.
Global Financial Stability & Nonbank RiskSystemic risk surveillance, leverage, and market access stress.
IMF Governance & Global South RepresentationQuota shares, leadership selection, and trust in Bretton Woods institutions.
Sovereign Debt, Bailouts & ConditionalityProgram design, social cost, and who pays for adjustment.
