The New International Financial System

Author : Jomo Kwame Sundaram
Publisher : Columbia University Press
Page : 561 pages
File Size : 54,8 Mb
Release : 2011-01-17
Category : Business & Economics
ISBN : 9780231527279

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Reforming the International Financial System for Development by Jomo Kwame Sundaram Pdf

The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements.

Author : Douglas D. E. T. Al EVANOFF
Publisher : World Scientific
Page : 611 pages
File Size : 55,5 Mb
Release : 2015-10-27
Category : Business & Economics
ISBN : 9789814678339

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The New International Financial System by Douglas D. E. T. Al EVANOFF Pdf

Ever since the Great Recession, the global financial regulatory system has undergone significant changes. But have these changes been sufficient? Have they created a new problem of over-regulation? Is the system currently in a better position than in the pre-Recession years, or have we not adequately addressed the basic causes of the financial crisis and resulting Great Recession?These were the questions and issues addressed in the seventeenth annual international banking conference held at the Federal Reserve Bank of Chicago in November 2014. In collaboration with the Bank of England, the theme of the conference was to examine the state of the new global financial system as it has evolved in response to significant market changes and regulatory reforms triggered by the global financial crisis. The papers from that conference are collected in this volume, with contributions from an international array of government officials, regulators, industry practitioners and academics.

Author : Sukumar Nandi
Publisher : Routledge
Page : 283 pages
File Size : 51,6 Mb
Release : 2017-09-19
Category : Business & Economics
ISBN : 9781317342236

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Economics of the International Financial System by Sukumar Nandi Pdf

Economics of the International Financial System offers an illuminating, engaging and lucid account of the working of 21st-century global political economy. From a macroeconomic perspective, it explores how major capitalist economies are closely integrated with each other in that none can remain unaffected by economic events around the globe. The book is one of the first in its genre to examine: the origin and relevance of international money as a concept and phenomenon; the structure of various money markets; the nature and functioning of major international financial institutions such as the World Bank, International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IBRD); and the dynamics of the new world financial system that emerged after the demise of Bretton Woods system. This will form an essential reading for students and scholars of international monetary economics, international corporate finance, researchers, policymakers, bankers and financial executives.

Author : Karl Kaiser,John J. Kirton
Publisher : Routledge
Page : 242 pages
File Size : 45,8 Mb
Release : 2019-06-26
Category : Political Science
ISBN : 9781351763011

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Shaping a New International Financial System by Karl Kaiser,John J. Kirton Pdf

This title was first published in 2000: An outstanding volume which examines the professional economic merits, practical feasibility, and underlying politics of the hotly contested competing initiatives for strengthening the international financial system. Challenging much of the conventional wisdom, it offers a comprehensive account of the traditional enduring financial issues facing the G7 and the fundamental architectural elements of the new systemic design. This authoritative text contains a rich and balanced array of contributions from distinguished experts from all G7 countries and from emerging markets outside. Essential reading for academics in the areas of economics and management, to political scientists specializing in international political economy and to officials in the government and the private sector.

Author : Gerry Helleiner
Publisher : Springer
Page : 504 pages
File Size : 49,8 Mb
Release : 1996-02-12
Category : Business & Economics
ISBN : 9781349244140

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The International Monetary and Financial System by Gerry Helleiner Pdf

This book contains papers addressing the major problems and possible reforms in the international monetary and financial system from the perspective of developing countries. Among the issues addressed are global macroeconomic management, international liquidity, volatile private capital flows, structural adjustment, governance in the IMF and World Bank, the role of the regional development banks, and the potential for developing country cooperation.

Author : Robert Triffin
Publisher : Unknown
Page : 104 pages
File Size : 46,9 Mb
Release : 1964
Category : Business & Economics
ISBN : UOM:49015001169599

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The Evolution of the International Monetary System by Robert Triffin Pdf

Author : Anthony Elson
Publisher : Springer
Page : 477 pages
File Size : 43,9 Mb
Release : 2011-03-28
Category : Business & Economics
ISBN : 9780230118010

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Governing Global Finance by Anthony Elson Pdf

This book deals with the recent problems arising from the growth of financial globalization (i.e. the growing integration of capital markets across national borders), as reflected in the current global financial crisis, and the need to improve what has come to be known as the international financial architecture.

Author : Anonim
Publisher : World Bank Publications
Page : 259 pages
File Size : 44,8 Mb
Release : 1985
Category : Access to Finance
ISBN : 9780195204827

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World Development Report, 1985 by Anonim Pdf

This report focuses on the contribution that international capital makes to economic development. While the report pays close attention to the events of the recent past, it also places the use of foreign capital in a broader and longer-term perspective. Using such a perspective, the report shows how countries at different stages of development have used external finance productively; how the institutional and policy environment affects the volume and composition of financial flows to developing countries; and how the international community has dealt with financial crises. This report concludes that the developing countries will have a continuing need for external finance. It demonstrates that many of the policies required to attract external finance and promote economic growth are either being implemented or planned already.

Author : Domenico Lombardi,Hongying Wang
Publisher : McGill-Queen's Press - MQUP
Page : 442 pages
File Size : 48,8 Mb
Release : 2016-10-17
Category : Political Science
ISBN : 9781928096160

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Enter the Dragon by Domenico Lombardi,Hongying Wang Pdf

China has experienced a remarkable transformation since the 1990s. It now boasts the second-largest — some would argue the largest — economy in the world, having evolved from a closed economy into the leading goods-trading nation. China’s economic rise has given it increasing prominence in international monetary and financial governance, but it also exposes China to new risks associated with its integration into the global financial system. Drawing insights from economics and political science, Enter the Dragon: China in the International Financial System takes a broad conceptual approach and tackles the questions that accompany China’s ascendance in international finance: What are the motivations and consequences of China’s effort to internationalize the renminbi? What is the political logic underlying China’s foreign financial policy? What forces have shaped China’s preferences and capacities in global financial governance? Enter the Dragon contributes to the ongoing debate over China’s political interests, its agenda for economic and financial cooperation, and the domestic and international implications of its economic rise. Bringing together experts from both inside and outside of China, this volume argues that China’s rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.

Author : Sukumar Nandi
Publisher : Unknown
Page : 128 pages
File Size : 43,9 Mb
Release : 2017
Category : Electronic books
ISBN : 1315662140

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Economics of the International Financial System by Sukumar Nandi Pdf

"Economics of the International Financial System offers an illuminating, engaging and lucid account of the working of 21st-century global political economy. From a macroeconomic perspective, it explores how major capitalist economies are closely integrated with each other in that none can remain unaffected by economic events around the globe.The book is one of the first in its genre to examine:the origin and relevance of international money as a concept and phenomenon;the structure of various money markets;the nature and functioning of major international financial institutions such as the World Bank, International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IBRD); andthe dynamics of the new world financial system that emerged after the demise of Bretton Woods system.This will form an essential reading for students and scholars of international monetary economics, international corporate finance, researchers, policymakers, bankers and financial executives."--Provided by publisher.

Author : Ross Buckley,Douglas Arner
Publisher : Kluwer Law International B.V.
Page : 360 pages
File Size : 46,6 Mb
Release : 2011-09-01
Category : Law
ISBN : 9789041139429

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From Crisis to Crisis by Ross Buckley,Douglas Arner Pdf

The global financial system has proven increasingly unstable and crisis-prone since the early 1980s. The system has failed to serve either creditors or debtors well. This has been reinforced by the global financial crisis of 2008, where we have seen systemic weaknesses bring rich countries to the brink of bankruptcy and visit appalling suffering on the poorest citizens of poor countries. Yet the regulatory responses to this crisis have involved little thinking from outside the box in which the crisis was delivered to the world. This book presents a powerful indictment of this regulatory failure and calls for greatly increased attention to international financial law and analyses new regulatory measures with the potential to make a new recognition of the principles that ought to underlie it. Using a historical approach that compares the various financial crises of the past three decades, the authors clearly show how misconceived economic policy responses have paved the way for each next ‘crash’. Among the numerous topics that arise in the course of this revealing analysis are the following: overvalued exchange rates; excess liquidity in rich countries; premature liberalisation of local financial markets; capital controls; derivatives markets; accounting standards; credit ratings and the conflicts in the role of credit rating agencies; investor protection arrangements; insurance companies; and payment, clearing and settlement activities. The authors offer detailed commentary on: the role of multilateral development banks, the IMF and the WTO in responding to crises; the role of the Basel Accords, the Financial Stability Forum and Board, and the responses of the European Commission, the US, and the G20 to the most recent crisis. The book concludes by exploring systemic game-changing reforms such as bank levies, financial activities taxes and financial transaction taxes, and a global sovereign bankruptcy regime; as well as measures to remove the currency mismatches from the balance sheets of developing countries. Apart from its great usefulness as a detailed introduction to the international financial system and its regulation, the book is enormously valuable for its clear identification of the areas of regulatory failure, and its analysis of new regulatory approaches that offer the potential for a genuinely more stable system. Banking and investment policymakers at every level, the lawyers that serve these markets and the regulators that seek to regulate them, cannot afford to neglect this book.

Author : Peter Isard
Publisher : Cambridge University Press
Page : 388 pages
File Size : 45,9 Mb
Release : 2005
Category : Business & Economics
ISBN : 0521605075

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Globalization and the International Financial System by Peter Isard Pdf

Economic globalization has given rise to frequent and severe financial crises in emerging market economies. Other countries are also unsuccessful in their efforts to generate economic growth and reduce poverty. This book provides perspectives on various aspects of the international financial system that contribute to financial crises and growth failures, and discusses the remedies that economists have proposed for addressing the underlying problems. It also sheds light on a central feature of the international financial system that remains mysterious to many economists and most non-economists: the activities of the International Monetary Fund and the factors that influence its effectiveness. Dr Isard offers policy perspectives on what countries can do to reduce their vulnerabilities to financial crises and growth failures, and a number of general directions for systemic reform. The breadth of the agenda provides grounds for optimism that the international financial system can be strengthened considerably without revolutionary change.

Author : Kern Alexander,Rahul Dhumale,John Eatwell
Publisher : Oxford University Press on Demand
Page : 329 pages
File Size : 55,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780195166989

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Global Governance of Financial Systems by Kern Alexander,Rahul Dhumale,John Eatwell Pdf

The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.

Author : Barry J. Eichengreen
Publisher : Peterson Institute for International Economics
Page : 224 pages
File Size : 53,8 Mb
Release : 1999
Category : Financial crises
ISBN : UCSD:31822026126599

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Toward a New International Financial Architecture by Barry J. Eichengreen Pdf

Recoge: 1. Introduction-2. Summary of recommendations-3. Standars for crisis prevention-4. Banks and capital flows-5. Bailing in the private sector-6. What won't work-7. What the IMF should do (and what we should do about the IMF).

Author : Christian Kuhne
Publisher : GRIN Verlag
Page : 20 pages
File Size : 46,6 Mb
Release : 2012-07-06
Category : Business & Economics
ISBN : 9783656231202

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The G-20 Initiative for a new international financial architecture by Christian Kuhne Pdf

Seminar paper from the year 2009 in the subject Economics - Macro-economics, general, grade: 1,7, University of Applied Sciences Berlin, language: English, abstract: This assignment reviews the different initiatives of the G-20 for a new international financial architecture and their implementation by different countries. It provides also some aspects of criticism to the different reforms, actions and initiatives as not all of them appear appropriate to address the root causes of the financial crisis in the best way.