The New Architecture of the International Monetary System

The New Architecture of the International Monetary System PDF Author: Paolo Savona
Publisher: Springer Science & Business Media
ISBN: 1475767668
Category : Business & Economics
Languages : en
Pages : 251

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Book Description
Two years ago, the Guido Carli Association, in collaboration with the Aspen Institute Italia, charged a group of distinguished economists to examine the problems created by the unsatisfactory functioning of the International Monetary System. The two resulting conferences were sponsored by the Fondazione della Cassa di Risparmio di Firenze (CESIFIN) and the Permanent Advisory Committee on the Euro and the Dollar (PACE&D). Their research had a two-fold aim. The first was an examination of the basic function of the International Monetary System with a special focus on the role the Euro would and should have. The second was the preparation of a list of recommendations on how to resolve the problems, financial problems in particular, affecting the entire world community. Last year, the group focused on efforts taking place in diverse financial institutions and universities to construct what has been called the `New International Financial Architecture'. This group considered the legal problems arising from European and international integration and, more generally, from the new architecture of the International Monetary System. This book, The New Architecture of the International Monetary System, is the final result of their efforts. It will be an invaluable resource for academics, professionals, and students alike.

The New Architecture of the International Monetary System

The New Architecture of the International Monetary System PDF Author: Paolo Savona
Publisher: Springer Science & Business Media
ISBN: 1475767668
Category : Business & Economics
Languages : en
Pages : 251

Get Book

Book Description
Two years ago, the Guido Carli Association, in collaboration with the Aspen Institute Italia, charged a group of distinguished economists to examine the problems created by the unsatisfactory functioning of the International Monetary System. The two resulting conferences were sponsored by the Fondazione della Cassa di Risparmio di Firenze (CESIFIN) and the Permanent Advisory Committee on the Euro and the Dollar (PACE&D). Their research had a two-fold aim. The first was an examination of the basic function of the International Monetary System with a special focus on the role the Euro would and should have. The second was the preparation of a list of recommendations on how to resolve the problems, financial problems in particular, affecting the entire world community. Last year, the group focused on efforts taking place in diverse financial institutions and universities to construct what has been called the `New International Financial Architecture'. This group considered the legal problems arising from European and international integration and, more generally, from the new architecture of the International Monetary System. This book, The New Architecture of the International Monetary System, is the final result of their efforts. It will be an invaluable resource for academics, professionals, and students alike.

The Case for a New Bretton Woods

The Case for a New Bretton Woods PDF Author: Kevin P. Gallagher
Publisher: John Wiley & Sons
ISBN: 1509546553
Category : Political Science
Languages : en
Pages : 140

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Book Description
After the 2008–9 global financial crisis, reforms to promote stability, social inclusion, and sustainability were promised but not delivered. As a result, the global economic situation, marred by inequality, volatility, and climate breakdown, remains dysfunctional. Now, the economic fallout from the Covid-19 pandemic offers us a second chance. Kevin Gallagher and Richard Kozul-Wright argue that we must grasp it by implementing sweeping reforms to how we govern global money, finance, and trade. Without global leaders prepared to boldly rewrite the rules to promote a prosperous, just, and sustainable post-Covid world economic order – a Bretton Woods moment for the twenty-first century – we risk being engulfed by climate chaos and political dysfunction. This book provides a blueprint for change that no one interested in the future of our planet can afford to miss.

The International Financial Architecture

The International Financial Architecture PDF Author: Peter B. Kenen
Publisher: Peterson Institute
ISBN: 9780881322972
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
Kenen (economics and international finance, Princeton University) reviews the reform efforts that followed the 1994-95 Mexican crisis, and evaluates their results in the time since then. He compares the existing efforts with the more radical recommendations of the Meltzer Report, and considers the implications of his analysis for the role of the IMF. He then offers his own recommendations for further reform. c. Book News Inc.

The New International Monetary System

The New International Monetary System PDF Author: Charles Wyplosz
Publisher: Routledge
ISBN: 1135163812
Category : Business & Economics
Languages : en
Pages : 284

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Book Description
The New International Monetary System brings together twelve original contributions by leading scholars and practitioners to a conference convened in May 2008 on the occasion of the retirement of Alexander Swoboda. The contributions are arranged in three main parts. Part I deals with the international financial architecture, Part II examines the ever-controversial role of exchange rate regimes and Part III takes stock of the conduct of monetary policy and the challenges posed by the inflation-targeting strategy. The chapters provide considered assessments of virtually all the hotly debated issues that concern monetary policies seen from an international perspective. Edited by and with an introduction from Charles Wyplosz, the collection includes contributions from some of the key international figures in the field of monetary policy, central banking and exchange rate regimes to discuss contemporary international monetary issues. Contributors include Michael Bordo, Barry Eichengreen, Ronald McKinnon and Charles Goodhart. The volume also contains tributes from Paul Volcker and Jean-Pierre Roth.

Toward a New International Financial Architecture

Toward a New International Financial Architecture PDF Author: Barry J. Eichengreen
Publisher: Peterson Institute for International Economics
ISBN:
Category : Financial crises
Languages : en
Pages : 224

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Book Description
Recoge: 1. Introduction-2. Summary of recommendations-3. Standars for crisis prevention-4. Banks and capital flows-5. Bailing in the private sector-6. What won't work-7. What the IMF should do (and what we should do about the IMF).

The Financial System Under Stress

The Financial System Under Stress PDF Author: Marc Uzan
Publisher: Routledge
ISBN: 1134780184
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
The collapse of Barings bank and the currency crisis in Mexico are just two instances of stress in an international financial system still largely governed by the institutions established by the Bretton Woods Committee in 1944. Here, the authors put forward an agenda for a new system of international economic institutions to fit the changes in international relations. This agenda includes: * an analysis of the role of the Bretton Woods institutions and their relations with the newly created World Trade Organizations * a discussion of the search for world economic governance * an analysis of the crisis within EMS and the prospects for European Monetary Integration * an examination of the integration of private markets in the new economic architecture.

Out of the Box Thoughts about the International Financial Architecture

Out of the Box Thoughts about the International Financial Architecture PDF Author: Mr.Barry J. Eichengreen
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451872637
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF quotas and the conduct of exchange rate surveillance. It contemplates an expanded role for the SDR in international transactions, which would require someone-like the IMF-to act as market maker. It considers proposals for reimposing Glass-Steagall-like restrictions on commercial and investment banking, something that will have to be coordinated internationally to be feasible. Other proposals would require banks to purchase capital insurance; here the question is who would be on the other side of the market. Again there is likely to be a role for the IMF. Then there are arguments for a new agency or institution to deal with cross-border bank insolvencies. Any such entity will require staff support, which might plausibly come from the Fund. Finally, some insist that international colleges of regulators are not enough-that it is desirable to create a World Financial Organization (WFO) with the power to sanction members whose national regulatory policies are not up to international standards. A WFO will similarly need staff support, of which the IMF would be one possible source. All this of course presupposes meaningful IMF governance reform so that the institution has the legitimacy and efficiency to assume these additional responsibilities. The paper therefore concludes with some conventional and unconventional proposals for IMF governance reform.

The Financial System Under Stress

The Financial System Under Stress PDF Author: Marc Uzan
Publisher: Burns & Oates
ISBN: 9780415135160
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
Summary: v.1 provides an analysis of the role of those institutions established at Bretton Woods and their relations with the newly created World Trade Organization. Particular attention is given to the Internation Monetary Fund and the World Bank -- v.2 examines the type of global governance necessary for the changing world economy. Finally -- v.3 discusses the growing integration of capital markets and their role in the new economic architecture.

Architects of the International Financial System

Architects of the International Financial System PDF Author: Anthony Endres
Publisher: Routledge
ISBN: 1134347103
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Who were the great thinkers on international finance in the mid-twentieth century? What did they propose should be done to create a stable international financial order for promoting world trade and economic growth? This important book studies the ideas of some of the most innovative economists in the mid-twentieth century including three Nobel Laureates; great thinkers who helped shape the international financial system and the role of the World Bank and the International Monetary Fund. Covering the period from the late 1940s up until the collapse of the fixed US dollar-gold link in 1971, the impact of Hansen, Williams, Graham, Triffin, Simons, Viner, Friedman, Johnson, Mises, Rueff, Rist, Hayek, Heilperin and Röpke is assessed. This outstanding book will prove invaluable to students studying international economics, economic history and the history of economic thought.

Architects of the International Financial System

Architects of the International Financial System PDF Author: Anthony Endres
Publisher: Routledge
ISBN: 113434709X
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
Who were the great thinkers on international finance in the mid-twentieth century? What did they propose should be done to create a stable international financial order for promoting world trade and economic growth? This important book studies the ideas of some of the most innovative economists in the mid-twentieth century including three Nobel Laureates; great thinkers who helped shape the international financial system and the role of the World Bank and the International Monetary Fund. Covering the period from the late 1940s up until the collapse of the fixed US dollar-gold link in 1971, the impact of Hansen, Williams, Graham, Triffin, Simons, Viner, Friedman, Johnson, Mises, Rueff, Rist, Hayek, Heilperin and Röpke is assessed. This outstanding book will prove invaluable to students studying international economics, economic history and the history of economic thought.