LEADER 05212nam 2200661Ia 450 001 9910818046803321 005 20200520144314.0 010 $a0-231-52727-6 024 7 $a10.7312/kwam15764 035 $a(CKB)2670000000273394 035 $a(EBL)1011625 035 $a(OCoLC)812924946 035 $a(SSID)ssj0000834019 035 $a(PQKBManifestationID)11436151 035 $a(PQKBTitleCode)TC0000834019 035 $a(PQKBWorkID)10955120 035 $a(PQKB)10979951 035 $a(StDuBDS)EDZ0000340781 035 $a(MiAaPQ)EBC1011625 035 $a(DE-B1597)459034 035 $a(OCoLC)857908154 035 $a(OCoLC)979574648 035 $a(DE-B1597)9780231527279 035 $a(Au-PeEL)EBL1011625 035 $a(CaPaEBR)ebr10691627 035 $a(CaONFJC)MIL853776 035 $a(EXLCZ)992670000000273394 100 $a20100423d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aReforming the international financial system for development /$fedited by Jomo Kwame Sundaram 210 $aNew York $cColumbia University Press$dc2011 215 $a1 online resource (389 p.) 225 1 $aInitiative for policy dialogue at Columbia 300 $aDescription based upon print version of record. 311 $a0-231-15764-9 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tList of Tables -- $tList of Figures -- $tAcknowledgements -- $tContributors -- $tForeword -- $t1. Contemporary Reform of Global Financial Governance: Implications of and lessons from the past / $rHelleiner, Eric -- $t2. Global Liquidity and Financial Flows to Developing Countries: New trends in emerging markets and their implications / $rChandrasekhar, C.P. -- $t3. The Global Financial and Economic Crisis and Its Impact on Development / $rSundaram, Jomo Kwame -- $t4. The Unnatural Coupling: Food and global finance / $rGhosh, Jayati -- $t5. Policy Responses to the Global Financial Crisis: Key issues for developing countries / $rAkyüz, Y?lmaz -- $t6. Reforming Financial Regulation: What needs to be done / $rD'Arista, Jane / Griffith-Jones, Stephany -- $t7. The Basel 2 Agenda for 2009: Progress so far / $rCornford, Andrew -- $t8. Should Financial Flows Be Regulated? Yes / $rEpstein, Gerald -- $t9. Financial Services, the WTO and Initiatives for Global Financial Reform / $rRaghavan, Chakravarthi -- $t10. Cross-Border Tax Evasion and Bretton Woods II / $rSpencer, David -- $t11. Learning from the Crisis: Is there a model for global banking? / $rChandrasekhar, C.P. -- $t12. The Report of the Commission of Experts on Reform of the International Monetary and Financial System and Its Economic Rationale / $rKregel, Jan -- $t13. Special Drawing Rights and the Reform of the Global Reserve System / $rOcampo, José Antonio -- $tIndex -- $tPermissions 330 $aThe 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements. 410 0$aInitiative for Policy Dialogue at Columbia (Series) 606 $aInternational finance$xGovernment policy 606 $aEconomic development$zDeveloping countries 606 $aFinancial crises$xPrevention 615 0$aInternational finance$xGovernment policy. 615 0$aEconomic development 615 0$aFinancial crises$xPrevention. 676 $a332.1/53 701 $aJomo K. S$g(Jomo Kwame Sundaram)$0846628 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910818046803321 996 $aReforming the international financial system for development$93940747 997 $aUNINA