Similar Search Results

Reforming the global monetary non-system

Ocampo Gaviria, José Antonio - 2015

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

The role of the International Monetary Fund in the post-crisis world

Kruger, Mark; Lavigne, Robert; MacKay, Julie - 2016

the post-crisis world. This paper aims to relaunch the debate by assessing the recent reforms and changes, identifying …

Persistent link: https://www.econbiz.de/10011433242

The response speed of the International Monetary Fund

Mody, Ashoka; Saravia, Diego - 2013

The more severe a financial crisis, the greater has been the likelihood of its management under an IMF-supported programme and the shorter the time from crisis onset to programme initiation. Political links to the United States have increased programme likelihood but have prompted faster...

Persistent link: https://www.econbiz.de/10009768011

Global macroeconomic cooperation and the exchange rate system

Ocampo Gaviria, José Antonio - 2016

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

The provision of global liquidity : the global reserve system

Ocampo Gaviria, José Antonio - 2014

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

The theory of global imbalances : mainstream economics vs. structural Keynesianism

Palley, Thomas I. - 2014

Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics' celebratory stance toward globalization. That tension prompted an array of explanations...

Persistent link: https://www.econbiz.de/10010424306

BRICs in the global economy under the prism of economic nationalism of IPE

Roukanas, Spyros A.; Diamantis, Gabriel V. - In: International journal of economic sciences and applied … 7 (2014) 1, pp. 51-67

Economy. Firstly, it aims to deepen our understanding of the emergence of the BRICs in the world economy. To this end, a … macroeconomic analysis is carried out with the aim of making clear the changes the BRICs have brought to the world economy. Secondly …, an analysis is made of the extent to which the global economic crisis has enhanced the role of the BRICs in the world …

Persistent link: https://www.econbiz.de/10010459811

The International Monetary Fond as a creator of the global financial system

Kitanovic, Violeta Spaseska; Kozuharov, Saso - In: UTMS journal of economics / University of Tourism and … 3 (2012) 1, pp. 83-90

IMF and World Bank were created after the Second World War as a result of monetary and fiscal Conference of the United … construction of Europe which was destroyed in the Second World War, and to protect the world from further economic depressions. The … decision that was reached at Breton Wood was influenced by the global economic depression which had affected the world in the …

Persistent link: https://www.econbiz.de/10009675710

What international monetary system for a fast-changing world economy

Bénassy-Quéré, Agnès; Pisani-Ferry, Jean - 2011

long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …

Persistent link: https://www.econbiz.de/10008933422

The International Monetary Fund : 70 years of reinvention

Reinhart, Carmen M.; Trebesch, Christoph - 2015 - This draft: December 10, 2015

A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over time along multiple dimensions. This history is primarily consistent with a "demand driven" theory of institutional change, as the needs of its clients and the type of crisis...

Persistent link: https://www.econbiz.de/10011406766