Published December 1990
by Elsevier Science Pub Co .
Written in English
|The Physical Object|
|Number of Pages||952|
The book will help anyone who is seeking to understand how the International Monetary System works, the sources of its weaknesses and vulnerabilities, and the proposals for the change. The Report of the Palais Royal Initiative and the other papers in this book will help stimulate a global discussion of the reforms to the International Monetary System that are . Book Description. All the fundamental components of the international monetary system are critically examined and suggestions are presented for its probable, or desired, evolution in this collection of essays written by some of the most authoritative economists and : Peter B. Kenen. Globalizing Capital is a good introduction to the international monetary system, and a decent review for the already familiar who want to revise their knowledge. The book begins in the mid nineteenth century, and examines the problems of bi-metalism (the linking of the value of silver with gold) and the linkage with metal and paper by: This book provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century. As its title indicates, its basic diagnosis is that it is an ad hoc framework rather than a coherent system—a ‘non-system’—which evolved after the breakdown of the original Bretton Woods arrangement in .
The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national Size: 19KB. [“Currency Internationalization and Reforms in the Architecture of the International Monetary System: Managing the Impossible Trinity”] was published as a working paper by the Asian Development Bank, the Centre for International Governance Innovation and the Hong Kong Institute for Monetary Size: KB. The International Monetary System (Reforms) The problem of international liquidity is bound up with the problem of exchange rates. The economists like Meade, Friedman, Haberler and Marry Johnson are the advocates of the flexible exchange rates. ISBN Reforming the International Monetary System Emmanuel Farhi, Pierre-Olivier Gourinchas and Hélène Rey This report presents a set of concrete proposals of increasing ambition for the reform of the international monetary system. The proposals aim at improving the international provision of liquidity in File Size: 1MB.
This volume brings together studies that address aspects of reform of the international monetary system. The recent global financial crisis and its aftermath, including the sovereign debt and banking crisis in Europe, are key drivers of the current policy debate on the international monetary system. * Meaning and scope of European monetary system. Structure: Introduction Currency terminology History of International Monetary System Inter-war years and world war II Bretton Woods and the International Monetary Fund, Exchange Rate Regime, to date: The era of the managed float Current International Financial System File Size: 2MB. Book Description. This volume is a contribution to the debates surrounding international monetary reform. The author examines and analyses the workings of the International Monetary Fund (IMF) and suggests how the international monetary system could, through changes to the IMF, be reshaped and reformed. The book is organized into four parts. Part 1 discusses major theoretical and empirical issues related to reform of the international monetary system. Part 2 includes two chapters that present the recent developments and challenges for managing capital flows.