02783nam 2200589Ia 450 991046401510332120181115205119.01-4623-8503-61-4527-8740-91-282-84331-11-4518-7263-19786612843310(CKB)3170000000055266(EBL)1608296(SSID)ssj0000943002(PQKBManifestationID)11479820(PQKBTitleCode)TC0000943002(PQKBWorkID)10975128(PQKB)11164421(OCoLC)645515735(MiAaPQ)EBC1608296(EXLCZ)99317000000005526620100902d2009 uf 0engurcn|||||||||txtccrOut of the box thoughts about the international financial architecture[electronic resource] /Barry Eichengreen[Washington, D.C.] International Monetary Fund20091 online resource (28 p.)IMF working paper ;WP/09/116Description based upon print version of record.1-4519-1693-0 Includes bibliographical references.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. ConclusionThe 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 GlIMF working paper ;WP/09/116.International financeGlobal Financial Crisis, 2008-2009Electronic books.International finance.Global Financial Crisis, 2008-2009.Eichengreen Barry J318418International Monetary Fund.MiAaPQMiAaPQMiAaPQBOOK9910464015103321Out of the box thoughts about the international financial architecture2127305UNINA