1st Edition

The Future of the International Monetary System Adjustment or Reform

Edited By Fabio Masini, Bernard Snoy et d’Oppuers Copyright 2026
228 Pages 11 B/W Illustrations
by Routledge

228 Pages 11 B/W Illustrations
by Routledge

With the current architecture of global monetary institutions and governance reaching a crisis point, this book engages with the scholarly and policy debates that have emerged around alternative devices and structures for the management of the international economy. The key question underpinning this edited volume is whether adjustments to the current global economic governance are enough or... Read more

List of contributors

1. A Chance for Change

Fabio Masini and Bernard Snoy et d’Oppuers

Part I: The Challenges of Global Economic Governance

2.Overdue Reform of the International Monetary System

Michel Camdessus, Anoop Singh and Bernard Snoy et d’Oppuers

3.The Economics of Interdependence and Multilayered Governance

Fabio Masini

4.The Governance of the Bretton Woods Institutions: Time for a Change?

Susanna Cafaro

Part II: Regional and Global Multilayered Integration

5.The International Role of the Euro and the Evolution of the Global Monetary System

Paolo Guerrieri and Pier Carlo Padoan 

6.Trump’s dollar policy and the worsening of global liquidity instability: a proposal for a Regional Coalition’s Response Paving the Way to Rebuilding the International Monetary System

Christian Ghymers

7.The Tokenization of Money: Possible Impacts on the International Monetary System

Hung Tran

8.Outlining a Monetary System in Turbulent Times

Renato Flores

9.The International Monetary System and the Developing World

José Antonio Ocampo

Part III: Financing Global Public Goods: The Green Transition

10.Is the International Monetary and Financial System fit for the Financing of the Ecological Transition?

Bernard Snoy

11.The Use of Global Reserves for Development

Mark Plant

12.Challenges for Reforming the International Monetary System

Gustav Bager

13.The Crisis of the Yalta Order, Bretton Woods, and Multilateralism

Guido Montani

14.Green Marshallplan for emerging and developing countries by China, EU and UK instead of USA

Franz Nausschnigg

Biography

Fabio Masini is Professor of Theories and History of International Political Economy and Jean Monnet Chair of European Economic Governance at the University of Roma Tre. He is Secretary General of Robert Triffin International and Director of the Master in The Economics of Interdependence. His main areas of research concern the economics of regional and global monetary integration and governance. He recently edited, with Atish R. Ghosh, International Economic and Monetary Architecture at the Crossroads. Bretton Woods at 80 (2025).

Bernard Snoy et d’Oppuers is a Belgian economist, PhD from Harvard University. He is currently visiting Professor at the Institute of European Studies at the Catholic University of Louvain (UCL). He has spent most of his career working with European and international organizations. The positions he held include Executive Director of the World Bank and of the European Bank for Reconstruction and Development and, more recently, Coordinator of the economic and environmental activities of the Organization for Security and Cooperation in Europe. He is Chair of Robert Triffin International.