International Monetary Reform: A Specific Set of Proposals [Hardcover]

This volume is a contribution to the debates surrounding international monetary reform. The author examines and analyses the workings of the International Monetary Fund (IMF) and suggests how the international monetary system could, through changes to the IMF, be reshaped and reformed.

 Chapters examine the Palais-Royal report, explain how the IMF could be granted unlimited bailout powers to confront a global crisis, propose an exchange-rate based mechanism by which the international community could discipline excessive imbalances, examine alternative possibilities for the supply of future reserves, advocate `enthronement of the Special Drawing Right, and discuss the obstacles in the way of such an ambitious reform agenda.

Chap.1  Introduction  Chap.2 - The Palais-Royal report  Chap.3  When to Adjust  Chap.4  How to Adjust  Chap.5  The Question of Reserves  Chap.6  The Case for a Lender of Last Resort  Chap. 7  Negotiating the Changes  Chap.8  Legislating the Changes  Chap.9  The Operation of a Reformed System  Chap.10  Conclusion

A contribution to the debates surrounding international monetary reform. The author examines and analyses the workings of the International Monetary Fund (IMF) and suggests how the international monetary system could, through changes to the IMF, be reshaped and reformed.