International financial lawOrder Description
‘The IMF, though imperfect, is uniquely placed to tackle global crises and provide a collective voice’

[The Future of Global Economic Governance and the IMF: Challenges and Opportunities for Europe, Emerging Economies and Developing Countries
A summary report of a seminar jointly held in Berlin, (December 2013)], page 9 <http://www.brettonwoodsproject.org/wp01-content/uploads/2014/03/Future-of-global-economic-governance-and-the-IMF.pdf>

With reference to the above statement, critically evaluate the role of the International Monetary Fund in maintaining stability and managing crises within the international financial system after the global financial crisis of 2007-8.