But a new consensus to replace the old one has not yet emerged, as the IMF conference held in March 2011 amply demonstrated. Imposing discipline 15. But assume we overcome this hurdle and reach a consensus on “the rules of the game”, at least in a particular area such as, say, exchange rate policy. How could the international community impose discipline on a country?
Out of this case emerged the Ouzel Galley Society, which was founded to act as a permanent arbitration body to deal with similar shipping disputes that might arise.