The International Monetary System
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The International Monetary System
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Author : Peter B. Kenen
language : en
Publisher: Cambridge University Press
Release Date : 1994-10-13
The International Monetary System written by Peter B. Kenen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-10-13 with Business & Economics categories.
In the two decades prior to publication of this 1994 book, international monetary relations had been characterised by latent instability, and then by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policy makers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction. It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system. There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully-fledged reform exercise is unlikely, but very few experts seem to like the status quo. This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.
The Past And Future Of International Monetary System
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Author : Jingyi Wang
language : en
Publisher: Springer
Release Date : 2015-11-30
The Past And Future Of International Monetary System written by Jingyi Wang and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-30 with Business & Economics categories.
This book examines essential problems in the current International Monetary System, especially those concerning the International Standard. To do so, it focuses on the different monetary systems of today’s major currencies – the US dollar, the euro and the CNY, as well as the performance of the standards used in the international monetary system, i.e., the SDRs. In addition, it projects the potential consequences of including the Chinese CNY in the current SDR system, thus proposing a reform of the SDRs. The analytical research is mainly based on a performance comparison of the major international standards in the current international monetary system. divThe author illustrates that the political/policy reactions and economic philosophies underlying each monetary system constitute not only reasonable responses to the current international monetary system, but also fundamental factors in decisions concerning changes to or reforms of the international monetary system.div>
Strengthening The International Monetary System
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Author : Mr.Morris Goldstein
language : en
Publisher: International Monetary Fund
Release Date : 1987-02-26
Strengthening The International Monetary System written by Mr.Morris Goldstein 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 1987-02-26 with Business & Economics categories.
This report comprises three papers written by staff members of the Fund's Research Department on issues arising out of the reports on the international monetary system prepared in 1985 by the Group of Ten (representing the industrial countries participating in the General Arrangements to Borrow) and the intergovernmental Group of Twenty-Four on International Monetary Affairs. These two reports, which appear as appendices to this volume, were transmitted to the Interim Committee of the Fund's Board of Governors and were subsequently discussed by the Fund's Executive Board in early 1986.
Reference Rates And The International Monetary System
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Author : John Williamson
language : en
Publisher: Columbia University Press
Release Date : 2007-04-30
Reference Rates And The International Monetary System written by John Williamson and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-30 with Business & Economics categories.
Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that could do so is a reference rate system—where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate." It could help a country's authorities manage its exchange rate to avoid large misalignments, assist the private sector in forming more dependable expectations of future exchange rates and thus to manage their businesses more efficiently in a world of floating exchange rates, and aid the International Monetary Fund in designing and managing an effective system of multilateral surveillance. The world economy would function better as a result, with less chance of the global imbalances leading to a world recession.
The International Monetary System
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Author : Robert J. Carbaugh
language : en
Publisher: Lawrence : University Press of Kansas
Release Date : 1976
The International Monetary System written by Robert J. Carbaugh and has been published by Lawrence : University Press of Kansas this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business & Economics categories.
International monetary reform is of vital importance to the countries of the world. Although many studies have been made of the structure and problems of the international payment mechanism, few provide an analytical survey of the international monetary system. This study analyzes the structural and operational limitations of past systems as well as the major reform proposals for modifying and/or replacing the current system with a new payment mechanism. The authors describe the structure and nature of the international payment system and identify the issues relating to international adjustment, liquidity, and confidence. They discuss the nature of international liquidity, including liquidity's purpose, sources of demand and supply, and potential shortcomings. They analyze the theoretical and empirical implications of the gold standard. Of primary concern is the extent to which the actual operations of the system corresponded to the theoretical role of the gold standard, and the nature and limitations of the so-called dollar-gold system that prevailed in the past quarter century until 1971. The major reform proposals of the international payment mechanism are next discussed. Included are the proposals of historical interest such as Keynes, Triffin, Bernstein, Stamp, Angell, Rueff, and the currently debated issues of the Special Drawing Rights standard, freely floating exchange rates, and the wider-band and crawling-pegged exchange rate mechanisms. Finally the authors analyze the nature, operation, and future role of the managed float exchange rate system, which resulted from the international monetary crisis of 1973. Of particular interest are the effects of the Organization of Petroleum Exporting Countries' (OPEC) cartel on the U.S. dollar as a reserve currency, and the monetary effects of the cartel's balance-of-payments surplus on the world financial markets. This study provides the historical background, the institutional framework, and a balanced analysis of problems involved in the international monetary system. It will be of interest to all students of economics and finance, and should be read by anyone wishing to understand the world of ever-expanding trade.
Functioning Of The International Monetary System
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Author : Mr.Jacob A. Frenkel
language : en
Publisher: International Monetary Fund
Release Date : 1996-04-24
Functioning Of The International Monetary System written by Mr.Jacob A. Frenkel 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 1996-04-24 with Business & Economics categories.
The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.
The International Monetary System
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Author : Rakesh Mohan
language : en
Publisher: International Monetary Fund
Release Date : 2013-11-05
The International Monetary System written by Rakesh Mohan 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 2013-11-05 with Business & Economics categories.
The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial crises. The renewed focus on the broader role of the central banks, away from narrow price stability monetary policy frameworks, is necessary to ensure domestic macroeconomic and financial stability. Since international monetary cooperation might be difficult, though desirable, central banks in major advanced economies, going forward, need to internalize the implications of their monetary policies for the rest of the global economy to reduce the incidence of financial crises.
The International Monetary System
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Author : Andreas F. Lowenfeld
language : en
Publisher:
Release Date : 1984
The International Monetary System written by Andreas F. Lowenfeld and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Banks and banking, International categories.
The International Monetary System
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Author : Herbert G. Grubel
language : en
Publisher: Penguin Group
Release Date : 1984
The International Monetary System written by Herbert G. Grubel and has been published by Penguin Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Business & Economics categories.
The Evolution Of The International Monetary System 1945 85
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Author : Brian Tew
language : en
Publisher: Random House (UK)
Release Date : 1985
The Evolution Of The International Monetary System 1945 85 written by Brian Tew and has been published by Random House (UK) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Currency convertibility categories.