Reforming The Global Financial Architecture
Download Reforming The Global Financial Architecture full books in PDF, epub, and Kindle. Read online free Reforming The Global Financial Architecture ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads.
Author |
: Yilmaz Akyuz |
Publisher |
: Zed Books |
Total Pages |
: 176 |
Release |
: 2002-04 |
ISBN-10 |
: 1842771558 |
ISBN-13 |
: 9781842771556 |
Rating |
: 4/5 (58 Downloads) |
Synopsis Reforming the Global Financial Architecture by : Yilmaz Akyuz
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.
Author |
: Jomo Kwame Sundaram |
Publisher |
: Columbia University Press |
Total Pages |
: 390 |
Release |
: 2010 |
ISBN-10 |
: 9780231157643 |
ISBN-13 |
: 0231157649 |
Rating |
: 4/5 (43 Downloads) |
Synopsis Reforming the International Financial System for Development by : Jomo Kwame Sundaram
Jomo Kwame Sundaram is assistant secretary general for economic development at the United Nations and research coordinator for the G24 Intergovernmental Group on International Monetary Affairs and Development. In 2007 he was awarded the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. --Book Jacket.
Author |
: Montek S. Ahluwalia |
Publisher |
: |
Total Pages |
: 69 |
Release |
: 2000 |
ISBN-10 |
: 1848597207 |
ISBN-13 |
: 9781848597204 |
Rating |
: 4/5 (07 Downloads) |
Synopsis Reforming the Global Financial Architecture by : Montek S. Ahluwalia
A report prepared for the 1999 Commonwealth Finance Ministers Meeting, discussing the reform of international financial architecture. It argues that contemporary crises are very different from traditional balance of payments problems, and that developing countries are especially vulnerable. Six areas of discussion have been identified, some well known, others involving new initiatives. The report also identifies issues in the area of crisis resolution. It looks at the role of the Fund; incentives for the private sector; measures to deal with imprudent creditors and the design of adjustment programmes. It concludes by proposing a new governance structure.
Author |
: |
Publisher |
: |
Total Pages |
: 37 |
Release |
: 2000 |
ISBN-10 |
: OCLC:932795192 |
ISBN-13 |
: |
Rating |
: 4/5 (92 Downloads) |
Synopsis Reforming the Global Financial Architecture: by :
After an introduction on inconsistency in the international financial system, section 2 of this paper focusses on the role of financial markets in emerging economies and on the lessons from recent crises. It seeks to explain why, under current international financial arrangements, both borrowers in emerging markets and lenders in industrial countries have had a strong incentive to resort to government guarantees as a way of encouraging capital flows. It then considers how such behaviour worked to increase the moral hazard inherent in the system. Section 3 sets out broad outlines of proposals for a comprehensive, market-based approach to reform of the international financial architecture. It lays out several broad avenues for change in emerging-market countries: financial sector strengthening, improvements in macroeconomic policy implementation, associated changes in exchange rate regimes & monetary policy targets, and a consistent program of financial market deepening & capital account liberalization. It also considers the role that governments & private-sector lenders in industrial countries can play in strengthening the international financial system and in mitigating the effects of crises. Section 4 discusses a set of reforms for the International Monetary Fund & other international financial institutions that would reinforce the proposals in section 3. It also discusses how possible changes in arrangements for private-sector involvement in the prevention & resolution of financial crises fits into a comprehensive market-based approach to reform of the international financial architecture. The final section summarizes the main conclusions.
Author |
: |
Publisher |
: |
Total Pages |
: 0 |
Release |
: |
ISBN-10 |
: OCLC:1422139810 |
ISBN-13 |
: |
Rating |
: 4/5 (10 Downloads) |
Synopsis Reforming the Global Financial Architecture by :
Introduction The international financial crises of the 1990s and early years of the 21st century initiated the beginnings of reform to the global financial system. [...] Drawing on the relevant precedents both in the developed and developing world, as well as the shortcomings of the current system for developing countries, the paper addresses the following questions. [...] However, the principle of maintaining an African voting majority in the Bank (and parity in the Fund) persisted, although in the case of the Bank the African majority has subsequently drifted down through successive capital replenishment negotiations, at the insistence of the non-regional members (English and Mule, 1996). [...] And the AfDB, analogously to its counterpart in the Americas, is centrally involved with the OAU and UNECA in pan-African cooperation initiatives such as the New Partnership for African Development (NEPAD) and the creation of the African Union (Devlin and Castro 2002:27). [...] However, the mandate of the African Development Bank Group covers the whole continent, including the countries of North Africa and the Republic of South Africa.
Author |
: Mr.Barry J. Eichengreen |
Publisher |
: INTERNATIONAL MONETARY FUND |
Total Pages |
: 26 |
Release |
: 2009-05-01 |
ISBN-10 |
: 1451872631 |
ISBN-13 |
: 9781451872637 |
Rating |
: 4/5 (31 Downloads) |
Synopsis Out of the Box Thoughts about the International Financial Architecture by : Mr.Barry J. Eichengreen
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.
Author |
: Barry J. Eichengreen |
Publisher |
: Peterson Institute for International Economics |
Total Pages |
: 224 |
Release |
: 1999 |
ISBN-10 |
: UCSD:31822026126599 |
ISBN-13 |
: |
Rating |
: 4/5 (99 Downloads) |
Synopsis Toward a New International Financial Architecture by : Barry J. Eichengreen
Recoge: 1. Introduction-2. Summary of recommendations-3. Standars for crisis prevention-4. Banks and capital flows-5. Bailing in the private sector-6. What won't work-7. What the IMF should do (and what we should do about the IMF).
Author |
: Yilmaz Akyüz |
Publisher |
: |
Total Pages |
: 28 |
Release |
: 2000 |
ISBN-10 |
: IND:30000138547173 |
ISBN-13 |
: |
Rating |
: 4/5 (73 Downloads) |
Synopsis The Debate on the International Financial Architecture by : Yilmaz Akyüz
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.
Author |
: Stuart P. M. Mackintosh |
Publisher |
: Routledge |
Total Pages |
: 213 |
Release |
: 2015-10-16 |
ISBN-10 |
: 9781317531753 |
ISBN-13 |
: 1317531752 |
Rating |
: 4/5 (53 Downloads) |
Synopsis The Redesign of the Global Financial Architecture by : Stuart P. M. Mackintosh
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.
Author |
: Il SaKong |
Publisher |
: 대외투자개발원 |
Total Pages |
: 332 |
Release |
: 2000 |
ISBN-10 |
: STANFORD:36105123684420 |
ISBN-13 |
: |
Rating |
: 4/5 (20 Downloads) |
Synopsis Reforming the International Financial Architecture by : Il SaKong