Building Trust In The International Monetary System

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Building Trust in the International Monetary System

Author : Giovanni Battista Pittaluga,Elena Seghezza
Publisher : Springer Nature
Page : 274 pages
File Size : 54,5 Mb
Release : 2021-07-15
Category : Business & Economics
ISBN : 9783030784911

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Building Trust in the International Monetary System by Giovanni Battista Pittaluga,Elena Seghezza Pdf

This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money. The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.

The International Monetary System

Author : Rakesh Mohan,Michael Debabrata Patra,Muneesh Kapur
Publisher : International Monetary Fund
Page : 49 pages
File Size : 51,7 Mb
Release : 2013-11-05
Category : Business & Economics
ISBN : 9781475514148

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The International Monetary System by Rakesh Mohan,Michael Debabrata Patra,Muneesh Kapur Pdf

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial crises. The renewed focus on the broader role of the central banks, away from narrow price stability monetary policy frameworks, is necessary to ensure domestic macroeconomic and financial stability. Since international monetary cooperation might be difficult, though desirable, central banks in major advanced economies, going forward, need to internalize the implications of their monetary policies for the rest of the global economy to reduce the incidence of financial crises.

Stabilizing Currency and Preserving Economic Sovereignty Using the Grondona System

Author : Collins, Patrick
Publisher : IGI Global
Page : 244 pages
File Size : 45,7 Mb
Release : 2022-01-07
Category : Business & Economics
ISBN : 9781799883043

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Stabilizing Currency and Preserving Economic Sovereignty Using the Grondona System by Collins, Patrick Pdf

The monetary instability experienced in recent years imposes enormous costs worldwide and has led to calls for a reset of the international monetary system. To avoid the problem arising again, the value of money must once again be defined in terms of some real commodity or commodities, as it has been for most of history. However, making currencies convertible into gold once again would be no panacea. A better alternative, first proposed in the 19th century and advocated in the 20th century, is for money to be made convertible into a range of commodities other than gold. Stabilizing Currency and Preserving Economic Sovereignty Using the Grondona System discusses how a sustainable basis for sovereign national money systems can be simply achieved by implementing the “Grondona System,” whereby the value of currency is stabilized by making it conditionally convertible into a range of primary commodities. Covering a range of topics such as economic growth, fiat money, and digital currencies, this book is ideal for policymakers, economists, investors, academicians, researchers, instructors, and students.

The Rise of Digital Money

Author : Mr.Tobias Adrian,Mr.Tommaso Mancini Griffoli
Publisher : International Monetary Fund
Page : 20 pages
File Size : 52,7 Mb
Release : 2019-07-15
Category : Business & Economics
ISBN : 9781498324908

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The Rise of Digital Money by Mr.Tobias Adrian,Mr.Tommaso Mancini Griffoli Pdf

This paper marks the launch of a new IMF series, Fintech Notes. Building on years of IMF staff work, it will explore pressing topics in the digital economy and be issued periodically. The series will carry work by IMF staff and will seek to provide insight into the intersection of technology and the global economy. The Rise of Digital Money analyses how technology companies are stepping up competition to large banks and credit card companies. Digital forms of money are increasingly in the wallets of consumers as well as in the minds of policymakers. Cash and bank deposits are battling with so-called e-money, electronically stored monetary value denominated in, and pegged to, a currency like the euro or the dollar. This paper identifies the benefits and risks and highlights regulatory issues that are likely to emerge with a broader adoption of stablecoins. The paper also highlights the risks associated with e-money: potential creation of new monopolies; threats to weaker currencies; concerns about consumer protection and financial stability; and the risk of fostering illegal activities, among others.

Social Trust

Author : Liu Weiping
Publisher : Springer Nature
Page : 363 pages
File Size : 52,7 Mb
Release : 2023-06-19
Category : Business & Economics
ISBN : 9789819929313

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Social Trust by Liu Weiping Pdf

This book explores how social trust impacts the Chinese economy. Due to the profound social changes brought by rapid urbanization, China's traditional social trust system gradually weakens. How to rebuild and enhance social credit remains as a key and difficult project. Exploring case studies from the real estate market, private banking, and urban financing, this book explores the value of informal social links to the economic functions of a society and how to rebuild them when they erode. This is of interest to scholars of China's economy and society.

Contemporary Macroeconomics

Author : Vasilii Erokhin,Gao Tianming,Jean Vasile Andrei
Publisher : Springer Nature
Page : 945 pages
File Size : 48,7 Mb
Release : 2023-07-01
Category : Business & Economics
ISBN : 9789811995422

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Contemporary Macroeconomics by Vasilii Erokhin,Gao Tianming,Jean Vasile Andrei Pdf

This book covers a lot of ground in contemporary macroeconomics, from fundamental theories such as market structures and equilibrium to emerging concepts that reflect the most critical challenges of modern times, including economic slowdowns, the resilience of public health systems, digitalization, environmental footprints, and many more. The COVID-19 outbreak has aggravated the recurrent problems of poverty and income inequality between countries, food insecurity and hunger, unemployment, and social disorders that have resulted in the exacerbation of political, economic, and trade tensions between countries. In view of the damaging consequences of the pandemic for the entire global economy, the book examines how existing macroeconomic tools and policies could be adapted to the new normal to ensure sustainable post-pandemic development and growth. The main text is interspersed with real-life illustrations and cases that demonstrate practical implications of the concepts under study. This makes the reading relevant and active. Every chapter starts with learning objectives and ends with a series of questions and quizzes that enable easier reinforcement of the course content. This book is written mainly for students, but it would be much useful to the broader public audience, including postgraduates, researchers, and business people who will be able to learn all recent updates about macroeconomics and the post-pandemic perspectives of the global economy.

Legal and institutional Aspects of the international Monetary System

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 978 pages
File Size : 43,8 Mb
Release : 1984-12-15
Category : Business & Economics
ISBN : 0939934132

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Legal and institutional Aspects of the international Monetary System by International Monetary Fund Pdf

IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.

Building Trust in Diverse Teams

Author : Emergency Capacity Building Project
Publisher : Oxfam
Page : 143 pages
File Size : 52,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780855986155

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Building Trust in Diverse Teams by Emergency Capacity Building Project Pdf

Building Trust in Diverse Teams supports humanitarian practitioners, human-resource departments and regional and head-office emergency professionals as they improve team effectiveness during an emergency and ultimately improve their ability to save lives.

Building Trust

Author : Michael Joseph Fuchs
Publisher : World Bank Publications
Page : 386 pages
File Size : 45,9 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 0821351613

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Building Trust by Michael Joseph Fuchs Pdf

Russia's economy has come a long way during its first ten years of transition to a market economy. This publication examines the progress made within the Russian financial sector to promote banking reforms in order to build trust in the stability of the marketplace. The problems and potential solutions identified will also be of relevance to the financial sector within other transition economies.

Virtual Currencies and Beyond

Author : Mr.Dong He,Mr.Karl F Habermeier,Mr.Ross B Leckow,Mr.Vikram Haksar,Ms.Yasmin Almeida,Ms.Mikari Kashima,Mr.Nadim Kyriakos-Saad,Ms.Hiroko Oura,Tahsin Saadi Sedik,Natalia Stetsenko,Ms.Concha Verdugo Yepes
Publisher : International Monetary Fund
Page : 42 pages
File Size : 53,7 Mb
Release : 2016-01-20
Category : Business & Economics
ISBN : 9781498363273

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Virtual Currencies and Beyond by Mr.Dong He,Mr.Karl F Habermeier,Mr.Ross B Leckow,Mr.Vikram Haksar,Ms.Yasmin Almeida,Ms.Mikari Kashima,Mr.Nadim Kyriakos-Saad,Ms.Hiroko Oura,Tahsin Saadi Sedik,Natalia Stetsenko,Ms.Concha Verdugo Yepes Pdf

New technologies are driving transformational changes in the global financial system. Virtual currencies (VCs) and the underlying distributed ledger systems are among these. VCs offer many potential benefits, but also considerable risks. VCs could raise efficiency and in the long run strengthen financial inclusion. At the same time, VCs could be potential vehicles for money laundering, terrorist financing, tax evasion and fraud. While risks to the conduct of monetary policy seem less likely to arise at this stage given the very small scale of VCs, risks to financial stability may eventually emerge as the new technologies become more widely used. National authorities have begun to address these challenges and will need to calibrate regulation in a manner that appropriately addresses the risks without stifling innovation. As experience is gained, international standards and best practices could be considered to provide guidance on the most appropriate regulatory responses in different fields, thereby promoting harmonization and cooperation across jurisdictions.

Money/Space

Author : Andrew Leyshon,Nigel Thrift
Publisher : Routledge
Page : 424 pages
File Size : 42,6 Mb
Release : 2005-06-28
Category : Social Science
ISBN : 9781134770113

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Money/Space by Andrew Leyshon,Nigel Thrift Pdf

Bringing together in one volume the most important writings of Andrew Leyshon and Nigel Thrift on money and finance, including the unpublished classic "Sexy-Greedy" this collection examines the economic, social and cultural manifestations that go to make up the multiple vision of money. Money, it seems is the great God of our age. It is also an economy, a sociology, an anthropolgy and a geography. Linking money with the emergent patterns of global spatial order. Money/Space analyses the restructuring of financial markets in a range of spatial scales; global, national and local.

Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

Author : Signe Krogstrup,William Oman
Publisher : International Monetary Fund
Page : 58 pages
File Size : 50,9 Mb
Release : 2019-09-04
Category : Business & Economics
ISBN : 9781513512921

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Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature by Signe Krogstrup,William Oman Pdf

Climate change is one of the greatest challenges of this century. Mitigation requires a largescale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.

Soft Law and the Global Financial System

Author : Chris Brummer
Publisher : Cambridge University Press
Page : 307 pages
File Size : 48,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781107004849

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Soft Law and the Global Financial System by Chris Brummer Pdf

The global financial crisis of 2008 has given way to a proliferation of international agreements aimed at strengthening the prudential oversight and supervision of financial market participants. Yet how these rules operate is not well understood. Because international financial rules are expressed through informal, non-binding accords, scholars tend to view them as either weak treaty substitutes, or by-products of national power. Rarely, if ever, are they cast as independent variables that can inform the behavior of regulators and market participants alike. This book explains how international financial law "works" - and presents an alternative theory for understanding its purpose, operation, and limitations. Drawing on a close institutional analysis of the post-crisis financial architecture, it argues that international financial law is often bolstered by a range of reputational, market, and institutional mechanisms that make it more coercive than classical theories of international law predict. As such, it is a powerful, though at times imperfect tool of financial diplomacy, and poses novel opportunities and challenges for the evolving global economic order.

Building Trust in Taxation

Author : Bruno Peeters,Hans Gribnau,J. L. M. Gribnau,Jo Badisco
Publisher : Unknown
Page : 0 pages
File Size : 41,5 Mb
Release : 2017
Category : Democracy
ISBN : 1780684266

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Building Trust in Taxation by Bruno Peeters,Hans Gribnau,J. L. M. Gribnau,Jo Badisco Pdf

The contemporary tax landscape is experiencing a legitimacy crisis caused by macro-economic disturbances in the past decade, as well as numerous revelations in the media, such as Swissleaks, Luxleaks, and the Panama Papers. This crisis has resulted in people losing trust in their government and in corporations, thereby becoming more reluctant to give their share of money for redistribution. Written by experts in their field and with an interdisciplinary perspective, Building Trust in Taxation analyzes a topical issue which is integral to the development of society. Why are states or collective institutions not able to generate the sufficient level of trust that would enable them to collect enough revenue? Who or what is responsible for the decline in trust? What are the key factors contributing to the decline in trust? Why do the levels of trust differ between states? Is this strictly a fiscal issue, meaning that we should search for the root of the issue only in the properties of tax systems and the differences between tax systems? Or are there institutional structures and political ideologies which differ from state to state that might be able to explain this difference? Written by experts in their field and with an interdisciplinary perspective Building Trust in Taxation analyses a topical issue which is integral to the development of society. Subject: Tax Law, Legal Theory, Politics]

Balance of Payments Textbook

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 159 pages
File Size : 50,5 Mb
Release : 1996-04-15
Category : Business & Economics
ISBN : 9781557755704

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Balance of Payments Textbook by International Monetary Fund Pdf

The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.