Book Description
This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.
Author : José Antonio Ocampo
Publisher : Oxford University Press
Page : 296 pages
File Size : 34,65 MB
Release : 2017
Category : Business & Economics
ISBN : 019871811X
This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.
Author : Robert Triffin
Publisher :
Page : 87 pages
File Size : 13,66 MB
Release : 1964
Category :
ISBN :
Author : Michael D. Bordo
Publisher : Hoover Press
Page : 381 pages
File Size : 31,24 MB
Release : 2017-04-01
Category : Business & Economics
ISBN : 0817920560
Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economies. There have been significant differences in the timing and pace of these actions. These independent monetary policy actions have had significant spillover effects on the economies and monetary policy strategies of other advanced countries. In addition the monetary policy actions and interventions of the advanced countries have had a significant impact on the emerging market economies leading to the charge of 'currency wars.' The perceived negative consequences of spillovers from the actions of national central banks has led to calls for international monetary policy coordination. The arguments for coordination based on game theory are the same today as back in the 1980s, which led to accords which required that participant countries follow policies to improve global welfare at the expense of domestic fundamentals. This led to disastrous consequences. An alternative approach to the international spillovers of national monetary policy actions is to view them as deviations from rules based monetary policy. In this view a return to rules based monetary policy and a rolling back of the " global great deviation" by each country's central bank would lead to a beneficial policy outcome without the need for explicit policy coordination. In this book we report the results from a recent conference which brought together academics, market participants, and policy makers to focus on these issues. The consensus of much of the conference was on the need for a classic rules based reform of the international monetary system.
Author : International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
Page : 258 pages
File Size : 46,48 MB
Release : 2015-01-07
Category : Business & Economics
ISBN : 1484350162
This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Author : Mr.Tobias Adrian
Publisher : International Monetary Fund
Page : 20 pages
File Size : 48,2 MB
Release : 2019-07-15
Category : Business & Economics
ISBN : 1498324908
This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher :
Page : 624 pages
File Size : 37,73 MB
Release : 1965
Category : Foreign exchange
ISBN :
Author : United States. Congress. Joint Economic Committee. Subcommittee on International Exchange and Payments
Publisher :
Page : 668 pages
File Size : 35,70 MB
Release : 1968
Category : China
ISBN :
Examines China's economic position relative to world economy and possible U.S. trade with the People's Republic of China.
Author : United States. Congress. Joint Economic Committee
Publisher :
Page : 620 pages
File Size : 48,92 MB
Release : 1965
Category : Legislative hearings
ISBN :
Author : David M. Andrews
Publisher : Cornell University Press
Page : 236 pages
File Size : 45,99 MB
Release : 2006
Category : Business & Economics
ISBN : 9780801444562
This book provides a thorough overview of how money is used as a tool to achieve international political aims.
Author : Rakesh Mohan
Publisher : International Monetary Fund
Page : 49 pages
File Size : 25,47 MB
Release : 2013-11-05
Category : Business & Economics
ISBN : 147551414X
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.