MARC Record from marc_oapen

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001 640315
005 20181003
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008 181003s|||| xx o 0 u eng |
020 $a9780198718116
024 7 $a10.1093/oso/9780198718116.001.0001$2doi
041 0 $aeng
042 $adc
072 7 $aKC$2bicssc
072 7 $aKCB$2bicssc
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072 7 $aKCLF$2bicssc
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100 1 $aAntonio Ocampo, José$4aut
245 10 $aResetting the International Monetary (Non)System
260 $a$bOxford University Press$c2017
300 $a304
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
546 $aEnglish.
650 7 $aEconomics$2bicssc
650 7 $aMacroeconomics$2bicssc
650 7 $aMonetary economics$2bicssc
650 7 $aInternational finance$2bicssc
650 7 $aDevelopment economics & emerging economies$2bicssc
650 7 $aEconomic & financial crises & disasters$2bicssc
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
856 40 $uhttp://www.oapen.org/download?type=document&docid=640315$zAccess full text online
856 40 $uhttps://creativecommons.org/licenses/by-nc-sa/3.0/igo/$zCreative Commons License