emergency international financial support will best help to minimize the likelihood of future economic instability? Acting … alongside national central banks, the International Monetary Fund has a key role to play in the constellation of lenders of last …’s effectiveness would be greatly enhanced by several complementary reforms in international financial governance, though some of these …

The current international monetary system (IMS) is fragile because the dollar standard is rapidly deteriorating. The … dual role the dollar as the dominant international money and national money cannot be easily reconciled because the US … international public good of a stable money. To strengthen the IMS, China has advocated the revitalization of the Special Drawing …

The actual role of the US Dollar as the international reserve currency is an essential part of a financial architecture …

The international monetary system (IMS) is a macroeconomic concept that encompasses the foreign exchange …-rate regulation, the capital movement system, and all “the rules of the game†for the adjustment of international payment … imbalances. The international financial architecture (IFA) is, in contrast, a microeconomic concept and should not be considered …

commitments in international finance have been of central importance. Many proposals for changing the international financial …

The paper deals with a broad range of topics under the rubric of the international monetary system: exchange rate … agreements, International Monetary Fund structure, history and functioning of the European Monetary Union, monetary and fiscal …

In the last decade serious crises have affected financial markets. Some proposals to avoid international financial … crises have been made, but more useful could be measures to strengthen the functioning of the present international monetary …

In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of …

currency swaps rather than conventional loans, making these credits subject to policy conditions, and encouraging members to …