0
Your cart

Your cart is empty

Books > Business & Economics > Finance & accounting > Finance

Buy Now

Reforming the International Monetary System (Paperback, New) Loot Price: R423
Discovery Miles 4 230
Reforming the International Monetary System (Paperback, New): Emmanuel Farhi, Pierre-Olivier Gourinchas, Helene Rey

Reforming the International Monetary System (Paperback, New)

Emmanuel Farhi, Pierre-Olivier Gourinchas, Helene Rey

 (sign in to rate)
Loot Price R423 Discovery Miles 4 230

Bookmark and Share

Expected to ship within 12 - 17 working days

This report presents a set of concrete proposals of increasing ambition for the reform of the international monetary system. The proposals aim at improving the international provision of liquidity in order to limit the effects of individual and systemic crises and decrease their frequency. The recommendations outlined in this report include: / Develop alternatives to US Treasuries as the dominant reserve asset, including the issuance of mutually guaranteed European bonds and (in the more distant future) the development of a yuan bond market. / Make permanent the temporary swap agreements that were put in place between central banks during the crisis. Establish a starshaped structure of swap lines centred on the IMF. / Strengthen and expand existing IMF liquidity facilities. On the funding side, expand the IMF's existing financing mechanisms and allow the IMF to borrow directly on the markets. / Establish a foreign exchange reserve pooling mechanism with the IMF, providing participating countries with access to additional liquidity and, incidentally, allowing reserves to be recycled into productive investments. To limit moral hazard, the report proposes the setting up of specific surveillance indicators to monitor "international funding risks" associated with increased insurance provision. The report discusses the role of the special drawing rights (SDRs) and the prospects for turning this unit of account into a true international currency, arguing that it would not solve the fundamental problems of the international monetary system. The report also reviews the conditions under which emerging market economies may use temporary capital controls to counteract excessive and volatile capital flows. The potential for negative externalities requires mutual monitoring and international cooperation in terms of financial regulation and suggests that the mandate of the IMF should be extended to the financial account.

General

Imprint: Centre For Economic Policy Research
Country of origin: United Kingdom
Release date: September 2011
First published: August 2011
Authors: Emmanuel Farhi • Pierre-Olivier Gourinchas • Helene Rey
Dimensions: 244 x 170 x 4mm (L x W x T)
Format: Paperback - Trade
Pages: 76
Edition: New
ISBN-13: 978-1-907142-42-0
Categories: Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Finance & accounting > Finance > General
Books > Money & Finance > General
Promotions
LSN: 1-907142-42-8
Barcode: 9781907142420

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

Damaged Goods - The Rise and Fall of Sir…
Oliver Shah Paperback  (1)
R314 R286 Discovery Miles 2 860
Mr Bitcoin - How I Became A Millionaire…
Mpho Dagada Paperback R250 R231 Discovery Miles 2 310
How To Get A SARS Refund
Daniel Baines Paperback  (3)
R196 Discovery Miles 1 960
The Mavericks - How Coronation, Ninety…
Stephen Cranston Paperback R350 R299 Discovery Miles 2 990
Death And Taxes - How SARS Made Hitmen…
Johann van Loggerenberg Paperback R295 R264 Discovery Miles 2 640
Dynamic Auditing - A Student Edition
B. Marx, A. van der Watt, … Paperback R1,384 R1,262 Discovery Miles 12 620
Financial Management
Carlos Correia Paperback R975 R860 Discovery Miles 8 600
Graded Questions On Income Tax In South…
Kevin Mitchell, Lindsay Mitchell Paperback R662 Discovery Miles 6 620
SAICA Student Handbook 2024/2025 Volume…
Paperback R1,209 Discovery Miles 12 090
SILKE: South African Income Tax 2025
Paperback R1,353 R1,237 Discovery Miles 12 370
SAICA Student Handbook 2024/2025 Volume…
Paperback R825 Discovery Miles 8 250
Introductory Questions On SA Tax 2022…
Shaun Parsons Paperback R385 Discovery Miles 3 850

See more

Partners