000 | 03682naaaa2200553uu 4500 | ||
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001 | http://library.oapen.org/handle/20.500.12657/31029 | ||
005 | 20220714210048.0 | ||
020 | _aoso/9780198718116.001.0001 | ||
020 | _a9780198718116 | ||
024 | 7 |
_a10.1093/oso/9780198718116.001.0001 _cdoi |
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041 | 0 | _aEnglish | |
042 | _adc | ||
072 | 7 |
_aKC _2bicssc |
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072 | 7 |
_aKCB _2bicssc |
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_aKCBM _2bicssc |
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_aKCLF _2bicssc |
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_aKCM _2bicssc |
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_aKCX _2bicssc |
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_aKFF _2bicssc |
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100 | 1 |
_aAntonio Ocampo, José _4auth _91582756 |
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245 | 1 | 0 | _aResetting the International Monetary (Non)System |
260 |
_bOxford University Press _c2017 |
||
300 | _a1 electronic resource (304 p.) | ||
506 | 0 |
_aOpen Access _2star _fUnrestricted online access |
|
520 | _aThis book provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century. As its title indicates, its basic diagnosis is that it is an ad hoc framework rather than a coherent system-a 'non-system'-which evolved after the breakdown of the original Bretton Woods arrangement in the early 1970s. The book places a special focus on the asymmetries that emerging and developing countries face within the current system, and therefore on the development dimensions of the global monetary system and of global monetary reform. The book proposes a comprehensive yet evolutionary reform of the system that includes: (i) provision of international liquidity through a system that mixes the multi-currency arrangement with a more active use of the IMF's Special Drawing Rights (SDRs), the only true global currency that has been created; (ii) stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management, and freedom to manage capital flows as a complement to counter-cyclical macroeconomic policy and other instruments of financial regulation; (iii) additional automatic balance-of-payments financing facilities, and the complementary use of swap and regional arrangements; (iv) a multilateral sovereign debt workout mechanism; and (v) major reforms of the system's governance, based on a more representative apex organization, more equitable participation of emerging and developing countries in decision-making, and a network of global, regional, inter-regional, and sub-regional organizations. | ||
536 | _aUNU WIDER | ||
540 |
_aCreative Commons _fhttps://creativecommons.org/licenses/by-nc-sa/3.0/igo/ _2cc _4https://creativecommons.org/licenses/by-nc-sa/3.0/igo/ |
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546 | _aEnglish | ||
650 | 7 |
_aEconomics _2bicssc |
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650 | 7 |
_aMacroeconomics _2bicssc |
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650 | 7 |
_aMonetary economics _2bicssc _91077525 |
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650 | 7 |
_aInternational finance _2bicssc |
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650 | 7 |
_aDevelopment economics & emerging economies _2bicssc _988119 |
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650 | 7 |
_aEconomic & financial crises & disasters _2bicssc _9921401 |
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650 | 7 |
_aFinance _2bicssc |
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653 | _asovereign debt workout | ||
653 | _abretton woods | ||
653 | _amonetary reform | ||
653 | _aspecial drawing rights | ||
653 | _ainternational monetary system | ||
653 | _amacroeconomic policy cooperation | ||
653 | _aBalance of payments | ||
653 | _aCapital account | ||
653 | _aDeveloped country | ||
653 | _aDeveloping country | ||
653 | _aExchange rate | ||
856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/bitstream/id/3be3d72f-7265-49f7-b0eb-372b398e27f7/640315.pdf _70 _zOAPEN Library: download the publication |
856 | 4 | 0 |
_awww.oapen.org _uhttp://library.oapen.org/handle/20.500.12657/31029 _70 _zOAPEN Library: description of the publication |
999 |
_c3031930 _d3031930 |