Based on author's thesis (doctoral - World Trade Institute (Bern, Switzerland), 2020). Includes bibliographical references and index.
Contents:
The international monetary system in the post-crisis era -- Monetary stability. Competing policy objectives and trade-offs -- A common concern of humankind approach to monetary stability -- The duty to cooperate -- the fund's role and cooperation among state -- Domestic obligations concerning monetary stability. The special role of central banks -- Domestic obligations concerning monetary stability. Unilateral reactions and securing compliance -- Conclusions.
Summary:
"The international monetary system to which we aspire is one that preserves the gains of the past sixty-five years, without succumbing to its own instability. It is a system that maintains freedom of trade and current payments and that allows sharing more widely the benefits of financial globalization, appropriately regulated. It is a system where all countries recognize their stake in global stability and accept that near-term national objectives may, if needed, be constrained by the global interest. International cooperation is, in the long run, a necessary ingredient in the search for national prosperity. This should lead every country to look with a renewed sense of responsibility and discipline to the system as a whole. The G20 or a "G" of similar limited size, under the proposed renovated architecture, would be in a powerful position to promote the global common good, and to make it prevail, including, at times, against a narrow, short-term interpretation of national interests. The opportunity for the emergence of a fully fledged international monetary order is here at stake"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.