1.

Record Nr.

UNINA9910464015103321

Autore

Eichengreen Barry J

Titolo

Out of the box thoughts about the international financial architecture [[electronic resource] /] / Barry Eichengreen

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, 2009

ISBN

1-4623-8503-6

1-4527-8740-9

1-282-84331-1

1-4518-7263-1

9786612843310

Descrizione fisica

1 online resource (28 p.)

Collana

IMF working paper ; ; WP/09/116

Soggetti

International finance

Global Financial Crisis, 2008-2009

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Eight Out Of The Box Ideas; A. Countercyclical IMF Capital Charges; B. A Price-Based Scarce Currency Clause; C. Convertible SDRs; D. Global Glass-Steagall; E. A Global Systemic Risk Facility; F. A Multilateral Insolvency Trust for International Banks; G. A World Financial Organization; H. IMF Governance; III. Conclusion

Sommario/riassunto

The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international financial architecture. While a number of short-term reforms are already in train, this paper contemplates more ambitious reforms of the international financial architecture that might be implemented over the next ten years. It proposes routinizing the expansion of IMF quotas and the conduct of exchange rate surveillance. It contemplates an expanded role for the SDR in international transactions, which would require someone-like the IMF-to act as market maker. It considers proposals for reimposing Gl