Reforming the International Monetary and Financial System / Alexander Swoboda, Peter Kenen.

Format:

Book

Government document

Author/Creator:

Swoboda, Alexander.

Contributor:

Kenen, Peter.

Series:

Books

Language:

English

Subjects (All):

International finance--Congresses.

International finance.

Physical Description:

1 online resource (442 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2000.

Language Note:

English

Summary:

This volume examines the implications of greater financial integration on the international monetary and financial system, and how it should be reformed. Various experts consider the most disruptive manifestations of instability and the appropriate policy responses, including exchange rate volatility and misalignments; unstable capital flows to emerging market economies; abrupt capital flow reversals; and private sector involvement in crisis resolution. The IMF’s role in crisis prevention and resolution is also examined.

Contents:

Intro

Contents

Preface

Acknowledgments

Abbreviations

Contributors

PART I. KEY ISSUES OF REFORM

1 Overview

2 International Financial and Monetary Stability: A Global Public Good

PART II. MAINTAINING STABILITY UNDER HIGH CAPITAL MOBILITY

3 The Euro, Yen, and Dollar: Making the Case Against Benign Neglect

Comments: Let Exchange Rates Float

Comments: Foreign Exchange Origins of Japan's Liquidity Trap

Comments: The Case for Benign Neglect

4 Moderating Fluctuations in Capital Flows to Emerging Market Economies

Comments: Lessons from the Czech Experience

Comments: Emerging Market Crises: Origins and Remedies

Comments: Who Is to Blame for the Crises?

Comments: Policy Options for Capital Importers

5 When Capital Inflows Suddenly Stop: Consequences and Policy Options

Comments: The Balance Between Adjustment and Financing

Comments: The Balance Between Structural and Macroeconomic Adjustment

Comments: Can the Right Balance Be Achieved?

Comments: On Dysfunctional Adjustment and Financing

6 Is Greater Private Sector Burden Sharing Impossible?

Comments: Private Sector Participation in Crisis Prevention and Resolution

Comments: On Debt Management and Collective-Action Clauses

Comments: More Private Sector Involvement and Less Official Financing

Comments: Private Sector Burden Sharing

PART III. THE ROLE OF THE INTERNATIONAL MONETARY FUND

Comments: 7 The Role of IMF Advice: A Postcrisis Examination Takatoshi Ito

Comments: Evaluating IMF Programs

Comments: The Case of Thailand

Comments: A Mixed Record for IMF Advice

Comments: Mexico as a Benchmark Case

Comments: 8 Refocusing the Role of the International Monetary Fund

Comments: On the Financial Role of the IMF

Comments: The Low-Income Countries' Stake in IMF Reform.

Comments: Would Reforming the IMF Stabilize Global Finance?

Comments: Ideas on Reforming the International Financial System

Comments: Some Lessons from the Russian Crisis

PART IV. CONCLUSION

Comments: 9 Key Issues in International Monetary and Financial Reform: A Personal Record of the Conference

Comments: Conference Program.

Notes:

"The conference was held at IMF headquarters in Washington, D.C., on May 28 and 29,1999."

Includes bibliographical references at the end of each chapters.

Description based on online resource; title from PDF title page (ebrary, viewed September 17, 2015).

ISBN:

9786613850713

9781455282159

1455282154

9781455284085

1455284084

9781283538268

1283538261

9781455291069

1455291064

OCLC:

655224222