By the 1970’s, however, the IMF and Western powers began to dismantle the theory and practice of regulating global capital flows. In the 1990’s, the Fund went so far as to try to change its Articles of Agreement to mandate deregulation of cross-border finance.
波士顿—“过去的异端，现在被认为是正统了，”1944年凯恩斯在帮助说服世界领导人新成立的IMF应该将国际金融流监管视为成员国核心权利后评论说。但是，到了20世纪70年代，IMF和西方列强开始推翻这一理论，实践全球资本流监管。20世纪90年代，IMF甚至试图修改章程，开始指导起跨境金融去监管来。