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Reform of International Financial Architecture: Progress and Remaining Agenda

In: Asia and the Global Economic Crisis

Author

Listed:
  • John Malcolm Dowling
  • Pradumna Bickram Rana

Abstract

For roughly three decades after the creation of the IMF in 1944, issues related to the international monetary system focused on exchange rate policies, international reserve management, and balance of payment positions of the major industrial countries. With financial globalization and increased cross-border capital flows and crises in emerging markets (see Chapter 1), the attention of academics and policymakers has shifted to crisis prevention and crisis management. The subject of “international monetary reform” has now been renamed “international financial architecture reform (IFA)” by most writers on the subject.

Suggested Citation

  • John Malcolm Dowling & Pradumna Bickram Rana, 2010. "Reform of International Financial Architecture: Progress and Remaining Agenda," Palgrave Macmillan Books, in: Asia and the Global Economic Crisis, chapter 12, pages 230-248, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30702-5_12
    DOI: 10.1057/9780230307025_12
    as

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