Reforming the Global Financial Architecture - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reforming the Global Financial Architecture write by Yilmaz Akyuz. This book was released on 2002-04. Reforming the Global Financial Architecture available in PDF, EPUB and Kindle. Instability has become global and systemic. Strengthening international institutions and arrangements would reduce the threat of crises and allow those that do occur to be better managed. These proposals take the developing world into account.
Out of the Box Thoughts about the International Financial Architecture
Out of the Box Thoughts about the International Financial Architecture - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Out of the Box Thoughts about the International Financial Architecture write by Mr.Barry J. Eichengreen. This book was released on 2009-05-01. Out of the Box Thoughts about the International Financial Architecture available in PDF, EPUB and Kindle. 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.
Proposals for the Reform of the International Financial Architecture
Proposals for the Reform of the International Financial Architecture - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Proposals for the Reform of the International Financial Architecture write by . This book was released on 1999. Proposals for the Reform of the International Financial Architecture available in PDF, EPUB and Kindle.
IMF and International Financial Architecture Reform Proposals
IMF and International Financial Architecture Reform Proposals - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook IMF and International Financial Architecture Reform Proposals write by Duca Ioana. This book was released on 2014. IMF and International Financial Architecture Reform Proposals available in PDF, EPUB and Kindle. During the past few decades, the radical changes that have occurred in the global economy - uncontrolled inflation rhythms, the growth in interest rates, the increase in foreign debts and in budget and current account deficits, financial crises - have led to the accumulation of a set of issues whose solution generates heated debates at international level and tensions among the global actors. Therefore, it is necessary to make a concerted effort at world level to rethink the international financial architecture, especially that of the International Monetary Fund (IMF), by adopting adequate legislative and institutional regulations.
The Debate on the International Financial Architecture
The Debate on the International Financial Architecture - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Debate on the International Financial Architecture write by Yilmaz Akyüz. This book was released on 2000. The Debate on the International Financial Architecture available in PDF, EPUB and Kindle. This paper briefly surveys the progress made in various areas of reform of the international financial architecture since the outbreak of the East Asian crisis, and explains the principal technical and political obstacles encountered in carrying out fundamental changes capable of dealing with global and systemic instability. It ends with a brief discussion of what developing countries could do at the global, national or regional level to establish defence mechanisms against financial instability and contagion.
