Showing 1 - 10 of 53
"Monograph by an influential academic researcher and policymaker on the opening of the Colombian economy. The author presents a history of the relationship between economic development and protectionism in Colombia, describes the current process of economic opening, and makes a projection about...
Persistent link: https://www.econbiz.de/10000888331
This paper proposes a comprehensive yet evolutionary reform of the global monetary non-system that evolved out of the breakdown of the original Bretton Woods arrangement in the early 1970s. It includes: (i) a global reserve system that mixes the multi-currency arrangement with an active use of...
Persistent link: https://www.econbiz.de/10011417842
This paper looks at historical and current frameworks to manage macroeconomic linkages among economies. It considers first the evolving nature of global payments imbalances. It then focuses on the mechanisms of macroeconomic dialogue and cooperation put in place at different times to guarantee...
Persistent link: https://www.econbiz.de/10011456125
This paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton Woods system; the tensions it faced since the...
Persistent link: https://www.econbiz.de/10011532296
This paper proposes a reformed architecture of the international monetary system based on three pillars. The first is a representative apex organization, which can be understood as a transformation of the G-20 into a representative international institution. The second is the continuous reform...
Persistent link: https://www.econbiz.de/10010515838
This paper analyses three major problems of the current international monetary system: the asymmetric-adjustment problem, dependence on the monetary policy of the main reserveissuing country, and the large demand for self-insurance by developing countries. It then proposes two reform routes:...
Persistent link: https://www.econbiz.de/10010419488
Persistent link: https://www.econbiz.de/10010461495
This paper analyses the history and effectiveness of the two major mechanisms of resolution of balance of payments crisis. It argues that IMF lending has met its counter-cyclical objectives through history and has been improving in terms of providing adequate lending facilities as well as...
Persistent link: https://www.econbiz.de/10010465432
This paper reviews the history and controversies associated with capital account management. It first looks at the transition from the acceptance at the Bretton Woods conference of capital account regulations as a normal policy instrument to the liberalization of the capital account, first in...
Persistent link: https://www.econbiz.de/10010528657
Persistent link: https://www.econbiz.de/10002101669