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An Agenda for the Reform of the International Monetary System

In: Globalization and the Reform of the International Banking and Monetary System

Author

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  • Otto Hieronymi

Abstract

It is clear that beyond the level of crisis management that largely prevailed in late 2008 and in the early months of 2009, there is also a need for more systematic and balanced long-term reforms. The growing awareness of the need for longer-term reforms was reflected in the debate that led up to the London Summit of the Group of 20 (G20), in the “Global Plan for Recovery and Reform” adopted by the 20 participants on April 2, 2009 and in the several more detailed texts also adopted by the G20. A first reading of these texts confirms the strong desire to create an atmosphere of positive change, of broad national actions and of international cooperation.1

Suggested Citation

  • Otto Hieronymi, 2009. "An Agenda for the Reform of the International Monetary System," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Otto Hieronymi (ed.), Globalization and the Reform of the International Banking and Monetary System, chapter 2, pages 70-103, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-25106-9_2
    DOI: 10.1057/9780230251069_2
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