Reform of the International Monetary System : A Jagged History and Uncertain Prospects

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Lin, Justin Yifu
dc.contributor.author
Fardoust, Shahrokh
dc.contributor.author
Rosenblatt, David
dc.date.accessioned
2012-06-29T21:53:45Z
dc.date.available
2012-06-29T21:53:45Z
dc.date.issued
2012-05
dc.date.lastModified
2021-04-23T14:02:45Z
dc.description.abstract
This paper analyzes the historical evolution of the international monetary system in the context of the rising role of developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current "non-system" and how the global economic context is likely to affect that stability in the coming years with potential adverse effects on both advanced and developing economies. Given the likely trend toward a multi-polar reserve currency system, the paper evaluates the stability of the emerging system, as well as the current proposals for reform of the international monetary system. The paper concludes that more ambitious reforms of the system may be needed to meaningfully reduce future global economic and financial instability.
en
dc.identifier
http://documents.worldbank.org/curated/en/2012/05/16269960/reform-international-monetary-system-jagged-history-uncertain-prospects
dc.identifier.uri
http://hdl.handle.net/10986/9349
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper; No. 6070
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ADVANCED ECONOMIES
dc.subject
DEVELOPING ECONOMIES
dc.subject
FUTURE GLOBAL FINANCIAL INSTABILITY
dc.subject
GLOBAL ECONOMY
dc.subject
INTERNATIONAL MONETARY SYSTEM
dc.subject
MULTIPOLAR REVERSE CURRENCY SYSTEM
dc.subject
NON-SYSTEM STABILITY
dc.title
Reform of the International Monetary System : A Jagged History and Uncertain Prospects
en
okr.date.disclosure
2012-05-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2012/05/16269960/reform-international-monetary-system-jagged-history-uncertain-prospects
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-6070
okr.identifier.externaldocumentum
000158349_20120515151937
okr.identifier.internaldocumentum
16269960
okr.identifier.report
WPS6070
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/15/000158349_20120515151937/Rendered/PDF/WPS6070.pdf
en
okr.topic
Fiscal and Monetary Policy
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Economic Theory and Research
okr.topic
Macroeconomics and Economic Growth
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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