Reform of the International Monetary System [electronic resource] : the Palais Royal Initiative / edited by Jack T. Boorman and Andre Icard.

Format:

Book

Contributor:

Boorman, Jack.

Icard, André.

Language:

English

Subjects (All):

International finance--Government policy.

International finance.

Financial crises.

Physical Description:

1 online resource (383 p.)

Place of Publication:

New Delhi, India ; Thousand Oaks, Calif. : SAGE Publications, 2011.

Language Note:

English

Summary:

September 2008 saw the United States financial system at the edge of collapse, with the tightly integrated global financial system following close behind. But that was only a symptom of the problems that generated the ensuing crisis. The more fundamental cause lay in some of the practices that had developed in many of the major financial institutions. The emergence of perverse incentives helped create a credit bubble that eventually burst. But even these failures of the financial system, by themselves, would have been unlikely to cause a crisis of the scale that the world confronted. The crisi

Contents:

Cover; Contents; In Memoriam; Preface; List of Figures, Tables, and Boxes; List of Abbreviations; Section I: The Report of the Palais Royal Initiative- Reform of the International Monetary System: A Cooperative Approach 5 for the 21st Century; 1 - Introduction; 2 - Palais Royal Initiative- Reform of the International Monetary System: A Cooperative Approach for the 21st Century; Section II: Background Material Motivating the Initial Discussions of the Palais Royal Initiative; 3 - Reconstructing a World Monetary Order; 4 - Toward a New International Monetary System

5 - Reforming Exchange Rate Relationships6 - The Ghost of Bancor: The Economic Crisis and Global Monetary Disorder; 7 - Toward an Orderly Supply of Reserve Currencies; 8 - Strengthening IMF Surveillance; Section III: Contributions from Participants in the Palais Royal Group; 9 - The Debate on the International Monetary System; 10 - Strengthening IMF Surveillance: A Comprehensive Proposal; 11 - Some Thoughts on Surveillance for Global Stability; 12 - Thoughts on Reforming the International Monetary System and Enhancing the Role of the SDR; 13 - Enhancing the Role of the SDR as a Reserve Asset

14 - Making the SDR a More Attractive Reserve Asset: The Development of Private SDR Markets15 - An SDR Based Reserve System; 16 - Global Liquidity: Where it Comes From and Why it Matters; 17 - The IMF as an International Lender of Last Resort; Section IV: Considerations on Reconstructing the International Monetary System: Contributions Requested of Other Experts; 18 - Introduction; 19 - Contribution by Michel Aglietta; 20 - Contribution by Peter Bofinger; 21 - What International Monetary System for a Fast-Changing World Economy?; 22 - Contribution by Joseph Yam

23 - Contribution by Andrew Sheng24 - Contribution by John Williamson; 25 - Contribution by Peter B Kenen; 26 - Trade Imbalances: Causes, Consequences, and Policy Measures; About the Editors and Contributors; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

81-321-1892-8

1-283-42219-0

9786613422194

81-321-0915-5

OCLC:

774110566