The International Monetary System

The International Monetary System
Author: Peter B. Kenen
Publisher: Cambridge University Press
Total Pages: 370
Release: 1994-10-13
Genre: Business & Economics
ISBN: 9780521467292

In the two decades prior to publication of this 1994 book, international monetary relations had been characterised by latent instability, and then by severe tensions. Yet the issue of reforming the international monetary system does not appear on the agenda of the policy makers of the major countries involved. The International Monetary System tries to analyse this apparent contradiction. It brings together contributions from some of the most authoritative academic economists and monetary officials, and examines each of the fundamental functions of the international monetary system. There is broad support for improving present monetary arrangements with the aim of ensuring more stable conditions in monetary and financial markets and of promoting the orderly adjustment of payments disequilibria. For political reasons a fully-fledged reform exercise is unlikely, but very few experts seem to like the status quo. This book provides the reader with a comprehensive account of the institutional and policy changes required to manage an increasingly integrated and interdependent global monetary and financial system.

Financial Crises, Liquidity, and the International Monetary System

Financial Crises, Liquidity, and the International Monetary System
Author: Jean Tirole
Publisher: Princeton University Press
Total Pages: 180
Release: 2002-07-21
Genre: Business & Economics
ISBN: 9780691099859

Tirole analyzes the current views on financial crises and on the reform of the international financial architecture. Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policy makers, and students at all levels will find indispensable.

The International Monetary System and the Theory of Monetary Systems

The International Monetary System and the Theory of Monetary Systems
Author: Pascal Salin
Publisher: Edward Elgar Publishing
Total Pages: 272
Release: 2016-11-25
Genre: Business & Economics
ISBN: 1786430304

The international monetary system, and the disparate systems that make it up, are complex and there are many fallacies surrounding the ways in which they work. This book provides a clear and rigorous understanding of these systems and their possible consequences.

The International Monetary System

The International Monetary System
Author: Hans Genberg
Publisher: Springer Science & Business Media
Total Pages: 217
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642796818

HANSGENBERG An international monetary system should provide a stable and predictable environment for international trade and investment. At the very least, it should not by itself be a source of disturbances in the world economy, and it should be designed so that policy errors or unforeseen shocks are not unduly transmitted between countries. In this perspective, worldwide integration of goods and financial markets present a particular challenge. Such integration increases the cross-border effects of economic policies at the same time as interlocking payments and financial systems transmit financial disturbances rapidly throughout the world. As the degree of integration and interdependence changes over time, is not a foregone conc1usion that international monetary institutions and mechanisms always remain well adapted to the state of the world economy. Occasional review of the performance of the system as well as proposals for improvements are therefore necessary. The contributions to this volume have l been brought together with this in mind.

Monetary and Financial Statistics Manual

Monetary and Financial Statistics Manual
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
Total Pages: 176
Release: 2000-09-14
Genre: Business & Economics
ISBN: 9781557759740

This Manual offers guidelines for the presentation of monetary and financial statistics. It provides a set of tools for identifying, classifying, and recording stocks and flows of financial assets and liabilities, describes the standard, analytically oriented frame works in which the statistics may be presented, and identifies a set of analytically useful aggregates within those frameworks. The concepts and principles set out in the Manual are harmonized with those of the System of National Accounts 1993.

Promoting Global Monetary and Financial Stability

Promoting Global Monetary and Financial Stability
Author: Claudio Borio
Publisher: Cambridge University Press
Total Pages: 287
Release: 2020-04-30
Genre: Business & Economics
ISBN: 1108495982

A multi-faceted look at what global central bank cooperation has - and has not - achieved over the past half century.

External Adjustment

External Adjustment
Author: Maurice Obstfeld
Publisher:
Total Pages: 64
Release: 2004
Genre: Balance of trade
ISBN:

"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can amount to significant fractions of GDP. These fluctuations in asset values render the national income and product account measure of the current account balance increasingly inadequate as a summary of the change in a country's net foreign assets. Nonetheless, unusually large current account imbalances, especially deficits, should remain high on policymakers' list of concerns, even for the richer and less credit-constrained countries. Extreme imbalances signal the need for large and perhaps abrupt real exchange rate changes in the future, changes that might have undesired political and financial consequences given the incompleteness of domestic and international asset markets. Furthermore, of the two sources of the change in net foreign assets -- the current account and the capital gain on the net foreign asset position -- the former is better understood and more amenable to policy influence. Systematic government attempts to manipulate international asset values in order to change the net foreign asset position could have a destabilizing effect on market expectations"--NBER website

Ireland

Ireland
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Total Pages: 66
Release: 2022-07-07
Genre: Business & Economics
ISBN:

Ireland has considerably strengthened financial sector regulation and supervision since the 2016 FSAP, aided by the ECB/SSM, and is working with European and international regulators to strengthen oversight of the large market-based finance (MBF) sector. This strengthening is evidenced by a successful navigation through the challenges of Brexit and the pandemic. Despite global headwinds, Ireland is exiting the pandemic with strong economic growth and a highly capitalized and liquid banking system. The financial system has grown rapidly and in complexity, especially after Brexit, and Ireland has become a European base for large financial groups. The MBF sector has grown to the second largest in Europe, with global interlinkages.

The Monetary System

The Monetary System
Author: Jean-François Serval
Publisher: John Wiley & Sons
Total Pages: 312
Release: 2014-11-20
Genre: Business & Economics
ISBN: 1118867912

A groundbreaking work that paves the way for a new, pro-activefinancial system With The Monetary System, innovative author pairingJean-Francois Serval and Jean-Pascal Tranie devise a comprehensiveeconomic modeling system that accounts for the unprecedentedsituation facing international and regional economies by developinga controversial new stance on the operation of money in society.Presenting a classification of financial instruments with a viewtoward their underlying legal structures, the book sheds new lighton the present economic and financial problems of slow growth andrising debts, and proposes possible outcomes for the globaleconomy. The authors have already gained international attention withtheir novel approach to currency, and now they turn their attentionto the social function of money in all its myriad forms. The bookprovides a way forward in an era of increased life expectancy andother new social patterns and the social role of money provides aframework for understanding intergenerationalredistribution—an urgently pressing task in our time. New aggregate financial categories and economic modeling reveala possible foundation for increased financial stability Companion website includes key mathematical models, accountingstandards, and PowerPoint slides Comprehensive theoretical underpinning presents thecontemporary model of money as a social contract Insights into the current economic situation make sense ofsovereign debt risk in markets around the world With questions and answers at the end of each chapter, TheMonetary System will help you form a new conception of the roleof money in society. Improved regulation and tax policies areneeded to stabilize the global economy, and this book provides theframework for getting there.