by International Finance Section, Dept. of Economics, Princeton University in Princeton, N.J .
Written in English
|Statement||J. Marcus Fleming.|
|Series||Essays in international finance ; no. 107, Essays in international finance ;, no. 107.|
|LC Classifications||HG136 .P7 no. 107, HG3881 .P7 no. 107|
|The Physical Object|
|Pagination||21 p. ;|
|Number of Pages||21|
|LC Control Number||74023149|
John Taylor is one of the foremost monetary economists in the world. In this insightful and eminently readable book, he questions recent trends in monetary policy across the world, arguing that central bankers have become overly focused on managing exchange rates. international monetary system is in need of an over-haul that will prevent the recurrence of such acute difficulties. It may be worthwhile, therefore, to ask whether this latest crisis teaches us any lessons as to the need for international monetary reform. The crisis arose as the result of market expecta-tions that the German mark would soon. In June , Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF's own staff as well as by prominent international experts.
This paper highlights that for the IMF, July marked the 60th anniversary of the conference in Bretton Woods, New Hampshire, when delegations from 44 allied countries drafted and agreed upon the IMF's charter. The IMF's role and work have evolved in response, but like any large organization, its ability to change has been limited by its own rules and mandate and has been held back by inertia. Containing Fritz Machlup's papers on international finance spanning thirty years, this volume includes pieces translated into English for the first time. Focussing on the theme of the balance of payments, the work is structured as follows: Foreign Exchanges and Balance of Payments, The Effects of Devaluation, Gold and Foreign Reserves, Capital Movements and the Transfer Problem. Book: A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform. Book editors: Michael D. Bordo & Barry Eichengreen. PUBLISHER: University of Chicago Press. Download Purchase Book. Download Citation. The book is a guide into the complexity of modern finance, explaining how the banking system as we know it cannot exist any longer. The author affirms that in the digital age, banking has got out of control and the banking regulation is no longer effective, being turned into a dysfunctional public-private project.
The previous post commented on the Yogi Berra —"it's deja vu, all over again" — quality to discussions on International Monetary Fund reform. To recap: discussions on IMF quota reform have had a certain recurring pattern to them; to secure IMF quota reform, the zero-sum game of quotas must be embedded in the broader, positive-sum game of preserving the remarkable system of international. 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. Downloadable! This paper surveys the history of the international monetary system and considers alternatives for its reform. It first identifies three necessary conditions for international monetary stability. It then uses them as a basis for analyzing the functioning of alternative international monetary arrangements. The paper concludes with reflections on international monetary reform. Resetting the International Monetary (Non)System 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 and proposes a comprehensive yet evolutionary reform of the system.