000 03682naaaa2200553uu 4500
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
041 0 _aEnglish
042 _adc
072 7 _aKC
_2bicssc
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aKCLF
_2bicssc
072 7 _aKCM
_2bicssc
072 7 _aKCX
_2bicssc
072 7 _aKFF
_2bicssc
100 1 _aAntonio Ocampo, José
_4auth
_91582756
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/
546 _aEnglish
650 7 _aEconomics
_2bicssc
650 7 _aMacroeconomics
_2bicssc
650 7 _aMonetary economics
_2bicssc
_91077525
650 7 _aInternational finance
_2bicssc
650 7 _aDevelopment economics & emerging economies
_2bicssc
_988119
650 7 _aEconomic & financial crises & disasters
_2bicssc
_9921401
650 7 _aFinance
_2bicssc
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