Out Of The Box Thoughts About The International Financial Architecture
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Out Of The Box Thoughts About The International Financial Architecture
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Author : Mr.Barry J. Eichengreen
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2009-05-01
Out Of The Box Thoughts About The International Financial Architecture written by Mr.Barry J. Eichengreen and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-01 with Business & Economics categories.
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.
The International Financial Architecture
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Author : Peter B. Kenen
language : en
Publisher: Peterson Institute
Release Date : 2001
The International Financial Architecture written by Peter B. Kenen and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Kenen (economics and international finance, Princeton University) reviews the reform efforts that followed the 1994-95 Mexican crisis, and evaluates their results in the time since then. He compares the existing efforts with the more radical recommendations of the Meltzer Report, and considers the implications of his analysis for the role of the IMF. He then offers his own recommendations for further reform. c. Book News Inc.
Reforming The Global Financial Architecture
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Author : Yilmaz Akyuz
language : en
Publisher: Zed Books
Release Date : 2002-04
Reforming The Global Financial Architecture written by Yilmaz Akyuz and has been published by Zed Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04 with Business & Economics categories.
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.
The Redesign Of The Global Financial Architecture
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Author : Stuart P. M. Mackintosh
language : en
Publisher: Routledge
Release Date : 2020-10-29
The Redesign Of The Global Financial Architecture written by Stuart P. M. Mackintosh and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-29 with Political Science categories.
More than ten years on from the most intense phase of the global financial crisis, and the collective international response in the G20 summit in London, a ‘new normal’ has emerged with systems in place to mitigate against further banking crises. This updated new edition analyzes this post-crisis international and national regulatory framework and asks whether the current paradigm is fit for purpose as new dangers gestate and develop. This new edition includes a discussion of the impact of the aggressively deregulatory and anti-globalist policies of the Trump administration and its pursuit of an ‘America First’ policy and explores its implications for the regulatory landscape constructed and tended by previous leaders. The author addresses new and future systemic risks, many outside the regulated banking sector, which have grown in importance since 2015. He develops possible future scenarios for the international regulatory architecture, both negative and positive, asking, ‘Are we better prepared for future banking crises?’ New risks, including the COVID-19 pandemic and economic crash, are testing the global system; and the G20, without US leadership, may be failing in this latest most severe crisis of our lifetimes. This book provides a unique narrative explanation drawn from leading actors of key events and policy changes as they unfolded immediately post-crisis. The author builds upon the first edition to capture key developments that have occurred during the past five years, while raising key questions and vulnerabilities, and looking at future risks and challenges that may emerge. This text will be of great interest to students, teachers and researchers of financial frameworks, globalisation and political economy.
The Redesign Of The Global Financial Architecture
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Author : Stuart P. M. Mackintosh
language : en
Publisher: Routledge
Release Date : 2015-10-16
The Redesign Of The Global Financial Architecture written by Stuart P. M. Mackintosh and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-16 with Political Science categories.
In 2007-2008 the global financial and economic system was in turmoil. This volume focuses on how the global financial architecture was redesigned following the financial crash of 2008. Its central claim is that the reforms constituted a paradigm shift, a move from the dominance of market authority to the re-assertion of state authority over financial markets and actors. The book underscores that the cycle of boom and bust, of crisis response, reform and eventual relapse are not only economic but also conceptual and ideological. Ideas matter in the political and economic calculus of policy making. Economies are underpinned by and linked to ideological narrative, a prevailing policy consensus that places limits on policy actions and options and constitutes a dominant worldview or paradigm. To become real, to be lasting, to impact actual policy choices and market actor decisions, a re-regulatory paradigm shift cannot just be conceptual or ideological. It must also be present in the institutional constructs and policy decisions that flow from the ideological regulatory shift. To gauge the fluctuating strength of the paradigm shift the book addresses the G20 summit process, the creation of the FSB, the policy output of the new forums, for signs of permanency, strength, and possible effectiveness. This work presents important new material on the financial crisis and the regulatory response to it, which will be valuable for researchers, teachers and students alike.
The Reform Of The International Financial Architecture
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Author : Rosa Lastra
language : en
Publisher: Springer
Release Date : 2001
The Reform Of The International Financial Architecture written by Rosa Lastra and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Papers presented at a conference in London in May 1999.
The International Financial Architecture
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Author : Stijn Claessens
language : en
Publisher: Amsterdam University Press
Release Date : 2003-04
The International Financial Architecture written by Stijn Claessens and has been published by Amsterdam University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-04 with Electronic books categories.
Annotation. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789056292669.
Governing Global Finance
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Author : Anthony Elson
language : en
Publisher: Springer
Release Date : 2011-03-28
Governing Global Finance written by Anthony Elson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-28 with Business & Economics categories.
This book deals with the recent problems arising from the growth of financial globalization (i.e. the growing integration of capital markets across national borders), as reflected in the current global financial crisis, and the need to improve what has come to be known as the international financial architecture.
Debating The Global Financial Architecture
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Author : Leslie Elliott Armijo
language : en
Publisher: State University of New York Press
Release Date : 2012-02-01
Debating The Global Financial Architecture written by Leslie Elliott Armijo and has been published by State University of New York Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Political Science categories.
Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the "global financial architecture." Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.
The Debate On The International Financial Architecture
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Author : Yilmaz Akyüz
language : en
Publisher:
Release Date : 2000
The Debate On The International Financial Architecture written by Yilmaz Akyüz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Capital movements categories.
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.