Financial Regionalism and the International Monetary System

Financial Regionalism and the International Monetary System

Author: Masahiro Kawai

Publisher: Brookings Inst Press

Published: 2015-12-29

Total Pages: 200

ISBN-13: 9780815724056

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At the apex of the euro area crisis, the Europeans have established a temporary regional fund (EFSF) and, later this year, will set a new, permanent regional institution (ESM). In Asia, policymakers have been considering ways to strengthen their own financial arrangements to more effectively enable their region to cope with market pressures. Thus, while financial regionalism has become an increasingly important area in the field of international financial relations, it is not clear to what extent these regional initiatives could compete (if at all) or complement the mission that the International Monetary Fund discharges in the global financial system. Against the backdrop of the global economic crisis and the ongoing euro crisis, a leading team of authors envisage how regional financing arrangements will affect not only regional members within Asia, Europe, the Persian Gulf, or Latin America but also the global financial architecture as a whole. This comprehensive volume offers a touchstone for international and domestic policymakers, academics, and global experts by• assessing key political drivers in support for financial regionalism and their sustainability in the foreseeable future,• evaluating the effectiveness of regional financial arrangements,• investigating the implications of an increasing number of regional financial initiatives for the international monetary system,• revisiting the historical relationship among regional financial arrangements and the IMF. Contributors include Jean Pisani-Ferry (Bruegel), Charles Wyplosz (Institute for Graduate Studies, Geneva), Alessandro Leipold (Lisbon Council), Yu Yongding (Chinese Academy of Social Sciences), José Antonio Ocampo (Columbia University), James Boughton (IMF Historian, retired), Shinji Takagi (Osaka University), Chalongphob Sussangkarn(Thai Development Research Institute), Barry Eichengreen (University of CaliforniaBerkeley), and Iwan Azis (ADB).


Book Synopsis Financial Regionalism and the International Monetary System by : Masahiro Kawai

Download or read book Financial Regionalism and the International Monetary System written by Masahiro Kawai and published by Brookings Inst Press. This book was released on 2015-12-29 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the apex of the euro area crisis, the Europeans have established a temporary regional fund (EFSF) and, later this year, will set a new, permanent regional institution (ESM). In Asia, policymakers have been considering ways to strengthen their own financial arrangements to more effectively enable their region to cope with market pressures. Thus, while financial regionalism has become an increasingly important area in the field of international financial relations, it is not clear to what extent these regional initiatives could compete (if at all) or complement the mission that the International Monetary Fund discharges in the global financial system. Against the backdrop of the global economic crisis and the ongoing euro crisis, a leading team of authors envisage how regional financing arrangements will affect not only regional members within Asia, Europe, the Persian Gulf, or Latin America but also the global financial architecture as a whole. This comprehensive volume offers a touchstone for international and domestic policymakers, academics, and global experts by• assessing key political drivers in support for financial regionalism and their sustainability in the foreseeable future,• evaluating the effectiveness of regional financial arrangements,• investigating the implications of an increasing number of regional financial initiatives for the international monetary system,• revisiting the historical relationship among regional financial arrangements and the IMF. Contributors include Jean Pisani-Ferry (Bruegel), Charles Wyplosz (Institute for Graduate Studies, Geneva), Alessandro Leipold (Lisbon Council), Yu Yongding (Chinese Academy of Social Sciences), José Antonio Ocampo (Columbia University), James Boughton (IMF Historian, retired), Shinji Takagi (Osaka University), Chalongphob Sussangkarn(Thai Development Research Institute), Barry Eichengreen (University of CaliforniaBerkeley), and Iwan Azis (ADB).


Evolution of the International and Regional Monetary Systems

Evolution of the International and Regional Monetary Systems

Author: Alfred Steinherr

Publisher: Springer

Published: 1991-12-12

Total Pages: 276

ISBN-13: 1349110612

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The papers in this book cover the wide range of Robert Triffin's expertise. For example, Jacques Larosire interprets the evolution of the international monetary system. Michel Aglietta critically appraises the international monetary system and suggests the present system is one that does not constrain domestic policy choices. The desirability, scope and means of policy co-ordination are analyzed in the contributions by James Tobin, Robert Solomon, John Williamson, Alexandre Lamfalussy and Wolfgang Rieke. Tommaso Padoa-Schioppa discusses the possible paths to European Monetary Union whilst Alfred Steinherr and Jacques Girard evaluate the past and future evolution of the ECU. Paul De Grauwe provides empirical answers to the highly debated question whether the EMS is a DM-zone.


Book Synopsis Evolution of the International and Regional Monetary Systems by : Alfred Steinherr

Download or read book Evolution of the International and Regional Monetary Systems written by Alfred Steinherr and published by Springer. This book was released on 1991-12-12 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers in this book cover the wide range of Robert Triffin's expertise. For example, Jacques Larosire interprets the evolution of the international monetary system. Michel Aglietta critically appraises the international monetary system and suggests the present system is one that does not constrain domestic policy choices. The desirability, scope and means of policy co-ordination are analyzed in the contributions by James Tobin, Robert Solomon, John Williamson, Alexandre Lamfalussy and Wolfgang Rieke. Tommaso Padoa-Schioppa discusses the possible paths to European Monetary Union whilst Alfred Steinherr and Jacques Girard evaluate the past and future evolution of the ECU. Paul De Grauwe provides empirical answers to the highly debated question whether the EMS is a DM-zone.


Regional Financing Arrangements and the Stability of the International Monetary System

Regional Financing Arrangements and the Stability of the International Monetary System

Author: Julie McKay

Publisher:

Published: 2010

Total Pages: 34

ISBN-13: 9783889855213

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Book Synopsis Regional Financing Arrangements and the Stability of the International Monetary System by : Julie McKay

Download or read book Regional Financing Arrangements and the Stability of the International Monetary System written by Julie McKay and published by . This book was released on 2010 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Finance & Development, March 2012

Finance & Development, March 2012

Author: International Monetary Fund. External Relations Dept.

Publisher: International Monetary Fund

Published: 2012-03-14

Total Pages: 60

ISBN-13: 1451922140

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Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.


Book Synopsis Finance & Development, March 2012 by : International Monetary Fund. External Relations Dept.

Download or read book Finance & Development, March 2012 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2012-03-14 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.


Handbook of the International Political Economy of Monetary Relations

Handbook of the International Political Economy of Monetary Relations

Author: Thomas Oatley

Publisher: Edward Elgar Publishing

Published: 2014-06-27

Total Pages: 507

ISBN-13: 0857938371

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This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t


Book Synopsis Handbook of the International Political Economy of Monetary Relations by : Thomas Oatley

Download or read book Handbook of the International Political Economy of Monetary Relations written by Thomas Oatley and published by Edward Elgar Publishing. This book was released on 2014-06-27 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, t


Resetting the International Monetary (Non)System

Resetting the International Monetary (Non)System

Author: José Antonio Ocampo

Publisher: Oxford University Press

Published: 2017

Total Pages: 296

ISBN-13: 019871811X

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Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.


Book Synopsis Resetting the International Monetary (Non)System by : José Antonio Ocampo

Download or read book Resetting the International Monetary (Non)System written by José Antonio Ocampo and published by Oxford University Press. This book was released on 2017 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.


Regional Monetary Integration

Regional Monetary Integration

Author: Peter B. Kenen

Publisher: Cambridge University Press

Published: 2007-11-26

Total Pages: 199

ISBN-13: 1139466038

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This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.


Book Synopsis Regional Monetary Integration by : Peter B. Kenen

Download or read book Regional Monetary Integration written by Peter B. Kenen and published by Cambridge University Press. This book was released on 2007-11-26 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.


The International Monetary System Under Flexible Exchange Rates

The International Monetary System Under Flexible Exchange Rates

Author: Richard N. Cooper

Publisher:

Published: 1982

Total Pages: 344

ISBN-13:

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Book Synopsis The International Monetary System Under Flexible Exchange Rates by : Richard N. Cooper

Download or read book The International Monetary System Under Flexible Exchange Rates written by Richard N. Cooper and published by . This book was released on 1982 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Reform of the International Monetary System

Reform of the International Monetary System

Author: Masahiro Kawai

Publisher: Springer

Published: 2016-08-23

Total Pages: 0

ISBN-13: 9784431562429

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By providing a comprehensive overview of policy proposals for the international monetary system from an Asian perspective, this book aims to identify what innovations are needed to reform the international monetary and financial system to promote financial stability and sustainable economic growth for emerging economies. The book is organized into four parts. Part 1 discusses major theoretical and empirical issues related to reform of the international monetary system. Part 2 includes two chapters that present the recent developments and challenges for managing capital flows. Part 3 presents different perspectives on regional currency cooperation in Asia and Europe by assessing the evidence supporting increased currency coordination in Asia and by review issues of policy cooperation in the Euro area after the global financial crisis and their implications for Asia. Part 4 discusses emerging issues for regional/global cooperation and financial safety nets. The main inference of the book is that, in light of the drawbacks of the existing international monetary system exposed in the global financial crisis, along with other countries, Asian emerging economies should work cooperatively to reform and strengthen international monetary and financial policy. To do so, regional and global monetary cooperation is needed and financial safety nets should be strengthened to alleviate the impact of possible global financial crises. This will be one of the first books written about the global financial crisis and the on going the European sovereign debt crisis to comprehensively address the issues related to currency cooperation, based on the Euro area experience, with the specific implications for Asia.


Book Synopsis Reform of the International Monetary System by : Masahiro Kawai

Download or read book Reform of the International Monetary System written by Masahiro Kawai and published by Springer. This book was released on 2016-08-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: By providing a comprehensive overview of policy proposals for the international monetary system from an Asian perspective, this book aims to identify what innovations are needed to reform the international monetary and financial system to promote financial stability and sustainable economic growth for emerging economies. The book is organized into four parts. Part 1 discusses major theoretical and empirical issues related to reform of the international monetary system. Part 2 includes two chapters that present the recent developments and challenges for managing capital flows. Part 3 presents different perspectives on regional currency cooperation in Asia and Europe by assessing the evidence supporting increased currency coordination in Asia and by review issues of policy cooperation in the Euro area after the global financial crisis and their implications for Asia. Part 4 discusses emerging issues for regional/global cooperation and financial safety nets. The main inference of the book is that, in light of the drawbacks of the existing international monetary system exposed in the global financial crisis, along with other countries, Asian emerging economies should work cooperatively to reform and strengthen international monetary and financial policy. To do so, regional and global monetary cooperation is needed and financial safety nets should be strengthened to alleviate the impact of possible global financial crises. This will be one of the first books written about the global financial crisis and the on going the European sovereign debt crisis to comprehensively address the issues related to currency cooperation, based on the Euro area experience, with the specific implications for Asia.


The International Monetary and Financial System

The International Monetary and Financial System

Author: Gerry Helleiner

Publisher: Springer

Published: 1996-02-12

Total Pages: 504

ISBN-13: 1349244147

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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.


Book Synopsis The International Monetary and Financial System by : Gerry Helleiner

Download or read book The International Monetary and Financial System written by Gerry Helleiner and published by Springer. This book was released on 1996-02-12 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.