November 1999 - Three approaches to regulatory frameworks for financial systems - and a scenario for development of the world financial system that assumes a market solution. In developing the architecture for a financial system, the challenge is to combine deregulation and safety nets against...

Reconstruction and development. The Bretton Woods conference of 1944 gave rise to a set of global economic institutions - the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD or World Bank) and the General Agreement on Tariffs and Trade (GATT),...