Our International Monetary System; Yesterday, Today, and Tomorrow

Our International Monetary System; Yesterday, Today, and Tomorrow PDF Author: Robert Triffin
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 240

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Book Description

Our International Monetary System; Yesterday, Today, and Tomorrow

Our International Monetary System; Yesterday, Today, and Tomorrow PDF Author: Robert Triffin
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 240

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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.

Rethinking the International Monetary System

Rethinking the International Monetary System PDF Author: Jane Sneddon Little
Publisher: University Press of the Pacific
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
According to a recent World Bank study, the Asian crisis led to a significant rise in poverty and sharp declines in middle-class living standards in the countries most affected. Real public spending on health and education fell, with poor households experiencing the largest declines in access to these services. The impact of decreased investment in human capital will have consequences for individuals and whole societies for years to come. Because these external shocks occurred very shortly after these countries had liberalized their capital markets, they have engendered a growing distrust of globalization in many parts of the world. We owe it to the people of the developing countries, as well as to ourselves, to consider how institutional or policy changes could moderate such setbacks in the future. For all these reasons, this conference seemed a good time to pause and consider the implications of recent events, institutional changes, and new research for the evolution of the international monetary system. Representing frontline countries and frontline institutions, many of the conference participants had struggled firsthand with the dilemmas posed by the recent crises. Thus, they brought unique perspectives on the issues and offered thoughtful observations and useful ideas that could improve the workings of the international monetary system. It is our hope that this publication of their views will stimulate further discussion, research and, more than partial implementation.

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.

The International Monetary System and the Theory of Monetary Systems

The International Monetary System and the Theory of Monetary Systems PDF Author: Pascal Salin
Publisher: Edward Elgar Publishing
ISBN: 1786430304
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
The international monetary system, and the disparate systems that make it up, are complex and there are many fallacies surrounding the ways in which they work. This book provides a clear and rigorous understanding of these systems and their possible consequences.

Gold and the Dollar Crisis

Gold and the Dollar Crisis PDF Author: Robert Triffin
Publisher: Dissertations-G
ISBN:
Category : Business & Economics
Languages : en
Pages : 224

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Book Description


France and the Breakdown of the Bretton Woods International Monetary System

France and the Breakdown of the Bretton Woods International Monetary System PDF Author: Ms.Dominique Simard
Publisher: International Monetary Fund
ISBN: 1451935366
Category : Business & Economics
Languages : en
Pages : 58

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Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Gold, Dollars, and Power

Gold, Dollars, and Power PDF Author: Francis J. Gavin
Publisher: UNC Press Books
ISBN: 9780807828236
Category : Political Science
Languages : en
Pages : 294

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Book Description
"Gavin demonstrates that Bretton Woods was in fact a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended.

Robert Triffin

Robert Triffin PDF Author: Ivo Maes
Publisher: Oxford University Press, USA
ISBN: 0190081090
Category : Biography & Autobiography
Languages : en
Pages : 263

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Book Description
"This book provides an intellectual biography of Robert Triffin. Triffin (1911-1993) played a key role in the international monetary debates in the postwar period. He became famous with trenchant analyses of the vulnerabilities of the international monetary system (the Triffin dilemma), predicting the end of the Bretton Woods system. Triffin was a child of the interwar period, marked by the Great Depression and the rise of fascism. He became not only an eminent academic but also an influential policy advisor. In the mid-1940s he worked at the Federal Reserve, participating in several monetary reform missions in Latin America. Thereafter, Triffin played an important role in the creation of the European Payments Union. In his later academic life, Triffin put forward proposals for reforming the international monetary system. But because he doubted that they would come to fruition, he also developed plans for regional monetary integration, particularly in Europe, where he became the monetary advisor of Jean Monnet. With proposals for a European Reserve Fund and a European currency unit, he became one of the intellectual fathers of Europe's monetary union. Throughout his life Triffin remained faithful to the ideals of his youth. The young Triffin was indignant about the Versailles Treaty, while the old Triffin fulminated against the Vietnam war. For him, economics was a way to contribute to a better world. He was strongly attached to his independence and the pursuit of a better and more peaceful world. He was a monk in economists' clothing"--

Gold and the International Monetary System

Gold and the International Monetary System PDF Author: André Astrow
Publisher: Chatham House Report
ISBN: 9781862032606
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
"To assess what contribution, if any, gold could make to the current international monetary system in the wake of the global financial crisis, Chatham House set up a global Taskforce of experts in 2011. The Taskforce explored the advantages and disadvantages of reintroducing gold in the system and identified a number of possible scenarios for reform. For gold to play a more formal role in the international monetary system, it would be imperative that it neither hinders the system's performance nor creates unacceptable constraints on national economic policies; Although the discipline a gold standard imposes on monetary policy may have been helpful in limiting the reckless banking and excessive debt accumulation of the past decade, the rigidity of a fixed price for gold would likely have been a serious handicap with the onset of the financial crisis when a much more flexible monetary response was required; There is no clear-cut role for gold as a policy indicator. The historical behaviour of the gold price does not provide a particularly good indicator for either monetary or fiscal policy. In fact, since the financial crisis, the rise in the gold price has indicated the need for tighter policies which, if implemented, could have been deeply damaging; Gold can serve as a hedge against declining values of key fiat currencies, and can also be useful for central banks, but its role as a hedge is not cost free. Indeed, a major downside of holding gold is that its price can be extremely volatile. Also, it generates no yield, other than capital gains which are only realised when it is sold. Gold, therefore, can form part of a portfolio of assets that spreads valuation risk, but on the other hand, it is not very effective as a sole reserve asset."--Publisher description.