Publication:
Reshaping the International Monetary Architecture : Lessons from Keynes’ Plan

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dc.contributor.authorPiffaretti, Nadia F.
dc.date.accessioned2012-03-19T19:12:13Z
dc.date.available2012-03-19T19:12:13Z
dc.date.issued2009-08-01
dc.description.abstractAs the global economy undergoes profound changes, it is becoming apparent that the so-called "Revived Bretton Woods System" has increased the overall vulnerability of the global financial architecture. Therefore, it is worth revisiting the origins of the Bretton Woods conference, and pointing out the relevance for today s framework of Keynes original 1942 plan for an International Clearing Union. This note explores the main characteristics of Keynes' original plan, by revisiting his original writings between 1940 and 1944, and outlining its relevance to the current debate on the international financial architecture. The note suggests that reforms of the international financial architecture should include anchoring the international monetary system on sounder institutional ground.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090831143615
dc.identifier.doi10.1596/1813-9450-5034
dc.identifier.urihttps://hdl.handle.net/10986/4228
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5034
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCUMULATION OF RESERVES
dc.subjectASSETS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE-SHEET
dc.subjectBANK MARKET
dc.subjectBANK MARKETS
dc.subjectBANK RUN
dc.subjectBANKING INSTITUTION
dc.subjectBANKING PANICS
dc.subjectBANKING STRUCTURE
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBILATERAL TRADE
dc.subjectCAPITAL INFLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKING
dc.subjectCENTRAL BANKS
dc.subjectCLEARING HOUSES
dc.subjectCLEARINGHOUSE
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITIES
dc.subjectCONFIDENCE-BUILDING
dc.subjectCOORDINATION FAILURE
dc.subjectCOORDINATION FAILURES
dc.subjectCREDIT GROWTH
dc.subjectCREDIT MARKETS
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT POSITION
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT
dc.subjectDEBTOR
dc.subjectDEBTOR COUNTRIES
dc.subjectDEBTOR COUNTRY
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFICITS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectDEPRESSION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT CORPORATION
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC FINANCIAL SECTOR
dc.subjectDOMESTIC SAVING
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC IMBALANCES
dc.subjectECONOMIC SYSTEM
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectEQUALITY
dc.subjectEQUILIBRIUM
dc.subjectEURO ZONE
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXCHANGE RATE FLUCTUATION
dc.subjectEXPLOITATION
dc.subjectEXTERNAL DEFICIT
dc.subjectEXTERNAL POSITION
dc.subjectEXTERNAL TRADE
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL ARCHITECTURE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL GLOBALIZATION
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL VULNERABILITIES
dc.subjectFINANCIAL VULNERABILITY
dc.subjectFINANCING FACILITY
dc.subjectFISCAL DEFICIT
dc.subjectFIXED EXCHANGE RATES
dc.subjectFLOW OF FUNDS
dc.subjectFREE ASSETS
dc.subjectGLOBAL ECONOMIC LANDSCAPE
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL SYSTEM
dc.subjectGLOBAL IMBALANCES
dc.subjectGLOBALIZATION
dc.subjectGOLD
dc.subjectGOVERNMENT BONDS
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectHOME COUNTRY
dc.subjectHOUSING
dc.subjectIMBALANCE
dc.subjectIMBALANCES
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINDEBTED HOUSEHOLDS
dc.subjectINFLOWS OF CAPITAL
dc.subjectINSTRUMENT
dc.subjectINTERBANK MARKETS
dc.subjectINTEREST RATE
dc.subjectINTERNAL FINANCING
dc.subjectINTERNAL SAVING
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL CLEARING
dc.subjectINTERNATIONAL COOPERATION
dc.subjectINTERNATIONAL CURRENCY
dc.subjectINTERNATIONAL DEBATE
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCIAL ARCHITECTURE
dc.subjectINTERNATIONAL FINANCIAL CRISIS
dc.subjectINTERNATIONAL FINANCIAL SYSTEM
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL INVESTMENTS
dc.subjectINTERNATIONAL MONETARY SYSTEM
dc.subjectINTERNATIONAL MONETARY SYSTEMS
dc.subjectINTERNATIONAL RESERVE
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL SETTLEMENT
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSACTIONS
dc.subjectISSUANCE
dc.subjectKEY CURRENCIES
dc.subjectKEY CURRENCY
dc.subjectLEGAL TENDER
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLEVERAGE
dc.subjectLEVY
dc.subjectLIABILITY
dc.subjectLIABILITY SIDE
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY ASSISTANCE
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLONG-TERM INTEREST
dc.subjectLONG-TERM INTEREST RATES
dc.subjectLOW INTEREST RATES
dc.subjectMARKET POWER
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONETARY REFORM
dc.subjectNATIONAL BONDS
dc.subjectNATIONAL CURRENCIES
dc.subjectNATURAL RESOURCES
dc.subjectOVERDRAFT
dc.subjectOVERDRAFT FACILITIES
dc.subjectOVERDRAFTS
dc.subjectPAYMENTS ARRANGEMENTS
dc.subjectPAYMENTS IMBALANCES
dc.subjectPENALTIES
dc.subjectPRIVATE FINANCIAL INTERMEDIARIES
dc.subjectPROPERTY MARKETS
dc.subjectPUBLIC POLICY
dc.subjectPURCHASING POWER
dc.subjectREGIONALISM
dc.subjectRESERVE ACCUMULATION
dc.subjectRESERVE BANK OF INDIA
dc.subjectRESERVE CURRENCY
dc.subjectRESERVE FUND
dc.subjectRETURN
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSETTLEMENT
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSTOCK MARKETS
dc.subjectSTOCKS
dc.subjectSURPLUS
dc.subjectSURPLUS COUNTRIES
dc.subjectSURPLUS COUNTRY
dc.subjectSURPLUSES
dc.subjectSWAP
dc.subjectSYSTEMIC RISK
dc.subjectT-BILLS
dc.subjectTRADE FLOWS
dc.subjectTRADE SHOCKS
dc.subjectTRADE SURPLUS
dc.subjectTREASURIES
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectUNION
dc.subjectVENTURE CAPITALIST
dc.subjectVOLUME OF TRADE
dc.subjectWORLD ECONOMY
dc.titleReshaping the International Monetary Architecture : Lessons from Keynes’ Planen
dspace.entity.typePublication
okr.crossref.titleReshaping The International Monetary Architecture: Lessons From Keynes' Plan
okr.date.doiregistration2025-04-10T12:07:02.160076Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090831143615
okr.guid373591468153546038
okr.identifier.doi10.1596/1813-9450-5034
okr.identifier.externaldocumentum000158349_20090831143615
okr.identifier.internaldocumentum11017685
okr.identifier.reportWPS5034
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/08/31/000158349_20090831143615/Rendered/PDF/WPS5034.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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