Guidelines for Improving the International Monetary System

Guidelines for Improving the International Monetary System PDF Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 40

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Book Description

Guidelines for Improving the International Monetary System

Guidelines for Improving the International Monetary System PDF Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 40

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Book Description


Resetting the International Monetary (Non)System

Resetting the International Monetary (Non)System PDF Author: José Antonio Ocampo
Publisher: Oxford University Press
ISBN: 019871811X
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.

Strengthening the International Monetary System

Strengthening the International Monetary System PDF Author: Mr.Morris Goldstein
Publisher: International Monetary Fund
ISBN: 9780939934768
Category : Business & Economics
Languages : en
Pages : 100

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Book Description
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.

Strengthening the International Monetary System—A Stocktaking

Strengthening the International Monetary System—A Stocktaking PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498345956
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
In light of the changing contours of the global economy, this paper provides an overview of the challenges facing the International Monetary System (IMS). It seeks to forge a common understanding of the challenges facing the IMS and its shortcomings, and to lay the basis for discussing a possible roadmap for further work on reform areas.

Guidelines for Improving the International Monetary System: Round Two

Guidelines for Improving the International Monetary System: Round Two PDF Author: United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 30

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Book Description


Reforming the International Monetary System

Reforming the International Monetary System PDF Author: Emmanuel Farhi
Publisher: CEPR
ISBN: 1907142428
Category : Business & Economics
Languages : en
Pages : 65

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Book Description
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 order to limit the effects of individual and systemic crises and decrease their frequency. The recommendations outlined in this report include: / Develop alternatives to US Treasuries as the dominant reserve asset, including the issuance of mutually guaranteed European bonds and (in the more distant future) the development of a yuan bond market. / Make permanent the temporary swap agreements that were put in place between central banks during the crisis. Establish a starshaped structure of swap lines centred on the IMF. / Strengthen and expand existing IMF liquidity facilities. On the funding side, expand the IMF's existing financing mechanisms and allow the IMF to borrow directly on the markets. / Establish a foreign exchange reserve pooling mechanism with the IMF, providing participating countries with access to additional liquidity and, incidentally, allowing reserves to be recycled into productive investments.To limit moral hazard, the report proposes the setting up of specific surveillance indicators to monitor international funding risks associated with increased insurance provision. The report discusses the role of the special drawing rights (SDRs) and the prospects for turning this unit of account into a true international currency, arguing that it would not solve the fundamental problems of the international monetary system. The report also reviews the conditions under which emerging market economies may use temporary capital controls to counteract excessive and volatile capital flows. The potential for negative externalities requires mutual monitoring and international cooperation in terms of financial regulation and suggests that the mandate of the IMF should be extended to the financial account.

Guidelines for Improving the International Monetary System

Guidelines for Improving the International Monetary System PDF Author: United States. Congress. Economic Joint Committee
Publisher:
ISBN:
Category :
Languages : en
Pages : 36

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Book Description


Strengthening the International Monetary System

Strengthening the International Monetary System PDF Author: Mr. Andrew Crockett
Publisher: International Monetary Fund
ISBN: 1452717710
Category : Business & Economics
Languages : en
Pages : 97

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Book Description
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.

Strengthening the World Monetary System

Strengthening the World Monetary System PDF Author: Committee for Economic Development
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 106

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Book Description


The International Monetary System

The International Monetary System PDF Author: Peter B. Kenen
Publisher: Cambridge University Press
ISBN: 9780521467292
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
In the two decades prior to publication of this 1994 book, international monetary relations had been characterised by latent instability, and then by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policy makers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction. It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system. There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully-fledged reform exercise is unlikely, but very few experts seem to like the status quo. This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.