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The international monetary (non-)order and the "global capital flows paradoxʺ

Bibow, Jörg (contributor) - 2008

This paper sets out to investigate the forces behind the so-called global capital flows paradoxʺ and related dollar glutʺ observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...

Persistent link: https://www.econbiz.de/10003727283

Insuring against private capital flows : is it worth the premium? ; What are the alternatives?

Bibow, Jörg (contributor) - 2008

Following an analysis of the forces behind the global capital flows paradoxʺ observed in the era of advancing financial globalization, this paper sets out to investigate the opportunity costs of self-insurance through precautionary reserve holdings. We reject the idea of reserves as low-cost...

Persistent link: https://www.econbiz.de/10003807715

Reform of the international financial architecture : an Asian perspective

Kawai, Masahiro - 2009

It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for the international community to seriously focus on the reform of the international financial architecture for crisis prevention, management and resolution. Facing the global...

Persistent link: https://www.econbiz.de/10003901587

The International Monetary System After the Financial Crisis

Dorrucci, Ettore - 2014

The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...

Persistent link: https://www.econbiz.de/10013069527

Solving Global Financial Imbalances : A Plan for a World Financial Authority

Mirandola, Carlos Mauricio - 2013

This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a plan, the IMF and other existing international financial institutions would be reformed and coordinated around a newly created WFA. The WFA would have two core functions....

Persistent link: https://www.econbiz.de/10013095450

Global Liquidity, World Savings Glut and Global Policy Coordination

Belke, Ansgar Hubertus - 2010

The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...

Persistent link: https://www.econbiz.de/10013144334

The IMF and Regulation of Cross-Border Capital Flows

Feibelman, Adam - 2015

This Article examines the International Monetary Fund's recent efforts to play an assertive regulatory role with regard to global capital flows. There is a growing consensus among scholars and policymakers that states must carefully manage capital flows and coordinate their policies for doing...

Persistent link: https://www.econbiz.de/10013031468

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

Palley, Thomas I. - 2014

bedeuten, die positive Grundhaltung der Mainstream-Ökonomie gegenüber den ökonomischen Effekten der Globalisierung in Frage zu … Handelsungleichgewichten erklären, ohne dabei von der generellen, ökonomischen Vorteilhaftigkeit der Globalisierung abzurücken. Dieser Text …, der Handelsungleichgewichte als unausweichliche Konsequenz neoliberaler Globalisierung betrachtet. Außerdem zeichnet der …

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

The financial role of East Asian economies in global imbalances : an econometric assessment of developments after the global financial crisis

I, Hyeon hun; Park, Donghyun - 2013

The central objective of this paper is to empirically assess how global imbalances have evolved since the global financial crisis of 2008/09. More specifically, we examine how the security investment positions of major East Asian economies in United States (US) financial markets - equities,...

Persistent link: https://www.econbiz.de/10010192390

Global Imbalances, the U.S. Dollar, and How the Crisis at the Core of Global Finance Spread to 'Self-Insuring' Emerging Market Economies

Bibow, Jörg - 2010

This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard...

Persistent link: https://www.econbiz.de/10013145124

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