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.
General
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