Reforming the International Financial System for Development

Released on by Jomo Kwame Sundaram
preview-18

  • Reforming the International Financial System for Development Book Detail

  • Author : Jomo Kwame Sundaram
  • Release Date : 2011-01-17
  • Publisher : Columbia University Press
  • Genre : Business & Economics
  • Pages : 561
  • ISBN 13 : 0231527276
  • File Size : 23,23 MB
DOWNLOAD BOOK

Reforming the International Financial System for Development by Jomo Kwame Sundaram PDF Summary

Book Description: The 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.

Disclaimer: www.yourbookbest.com does not own Reforming the International Financial System for Development books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Sequencing Financial Sector Reforms

Sequencing Financial Sector Reforms

File Size : 40,40 MB
Total View : 8461 Views
DOWNLOAD

Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not p