This volume is a contribution to the debates surrounding international monetary reform. The author examines and analyses the workings of the International Monetary Fund (IMF) and suggests how the international monetary system could, through changes to the IMF, be reshaped and reformed.
Chapters examine the Palais-Royal report, explain how the IMF could be granted unlimited bailout powers to confront a global crisis, propose an exchange-rate based mechanism by which the international community could discipline excessive imbalances, examine alternative possibilities for the supply of future reserves, advocate `enthronement of the Special Drawing Right’, and discuss the obstacles in the way of such an ambitious reform agenda.
Chap.1 – Introduction Chap.2 - The Palais-Royal report Chap.3 – When to Adjust Chap.4 – How to Adjust Chap.5 – The Question of Reserves Chap.6 – The Case for a Lender of Last Resort Chap. 7 – Negotiating the Changes Chap.8 – Legislating the Changes Chap.9 – The Operation of a Reformed System Chap.10 – Conclusion
Europa Economic Perspectives
Providing in-depth analysis with a global reach, this series from Europa examines a wide range of contemporary economic issues from areas around the world. Intended to complement the Europa Regional Surveys of the World series, Europa Economic Perspectives will be a valuable resource for academics, students, researchers, policymakers, business people and anyone with an interest in current world economic affairs.
While the Europa World Year Book and its associated Regional Surveys inform on and analyse contemporary economic, political and social developments, the Editors considered the need for more in-depth volumes written and/or edited by specialists in their field, in order to delve into a country’s or a region’s particular economic situation, or to examine economic theories in the context of current global economic affairs. Volumes in the series are not constrained by any particular template, but may explore any aspect of a country’s recent economic issues in order to increase knowledge.
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