Deals and Development

"International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequat...

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יצא לאור: Oxford University Press 2021
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גישה מקוונת:640293
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collection Directory of Open Access Books
description "International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequate preventive mechanisms, as well as insufficient instruments to finance countries in crisis and to overcome their over-indebtedness. Resetting the International Monetary (Non)System 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 and proposes a comprehensive yet evolutionary reform of the system. Criticising the ad hoc framework- a ""(non)system""- that has evolved following the breakdown of the Bretton Woods arrangement in the early 1970's, Resetting the International Monetary (Non)System places a special focus on the asymmetries that emerging and developing countries face, analysing the controversial management of crises by the International Monetary Fund and proposing a consistent set of reform proposals to design a better system of international monetary cooperation. Policy orientated and structured to deal in a sequential way with the issues involved, it suggests provision of international liquidity through a system that mixes the multicurrency arrangement with a more active use of the IMF's Special Drawing Rights; stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management and freedom to manage capital flows; additional automatic balance-of-payments financing facilities and the complementary use of swap and regional arrangements; a multilateral sovereign debt workout mechanism; and major reforms of the system's governance."
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publishDate 2021
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publisherStr Oxford University Press
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spelling doab-20.500.12854ir-321672025-07-30T10:21:06Z Deals and Development Werker, Eric Sen Lant Pritchett, Kunal economics monetary economics Ghana Gross domestic product Liberia Malaysia Thailand Uganda thema EDItEUR::J Society and Social Sciences::JP Politics and government thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::J Society and Social Sciences::JP Politics and government thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy "International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequate preventive mechanisms, as well as insufficient instruments to finance countries in crisis and to overcome their over-indebtedness. Resetting the International Monetary (Non)System 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 and proposes a comprehensive yet evolutionary reform of the system. Criticising the ad hoc framework- a ""(non)system""- that has evolved following the breakdown of the Bretton Woods arrangement in the early 1970's, Resetting the International Monetary (Non)System places a special focus on the asymmetries that emerging and developing countries face, analysing the controversial management of crises by the International Monetary Fund and proposing a consistent set of reform proposals to design a better system of international monetary cooperation. Policy orientated and structured to deal in a sequential way with the issues involved, it suggests provision of international liquidity through a system that mixes the multicurrency arrangement with a more active use of the IMF's Special Drawing Rights; stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management and freedom to manage capital flows; additional automatic balance-of-payments financing facilities and the complementary use of swap and regional arrangements; a multilateral sovereign debt workout mechanism; and major reforms of the system's governance." 2021-02-10T12:58:18Z 2017-11-01 23:55:55 2018-10-03 09:09:28 2020-04-01T13:21:40Z 2017 book 640293 OCN: 988170210 http://library.oapen.org/handle/20.500.12657/31035 9780198801641 https://directory.doabooks.org/handle/20.500.12854/32167 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/31035/1/640293.pdf https://library.oapen.org/bitstream/20.500.12657/31035/1/640293.pdf https://library.oapen.org/bitstream/20.500.12657/31035/1/640293.pdf https://library.oapen.org/bitstream/20.500.12657/31035/1/640293.pdf https://library.oapen.org/bitstream/20.500.12657/31035/1/640293.pdf Oxford University Press 10.1093/oso/9780198801641.001.0001 10.1093/oso/9780198801641.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 Department for International Development, UK (DFID) 99e7022b-b034-49a7-9097-b72e4d04046f 9780198801641 400 PO 5113 open access
spellingShingle economics
monetary economics
Ghana
Gross domestic product
Liberia
Malaysia
Thailand
Uganda
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
Deals and Development
title Deals and Development
title_full Deals and Development
title_fullStr Deals and Development
title_full_unstemmed Deals and Development
title_short Deals and Development
title_sort deals and development
topic economics
monetary economics
Ghana
Gross domestic product
Liberia
Malaysia
Thailand
Uganda
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
topic_facet economics
monetary economics
Ghana
Gross domestic product
Liberia
Malaysia
Thailand
Uganda
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCG Economic growth
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
url 640293