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      Reforming the International Monetary System

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      Policy Perspectives
      Pluto Journals
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            Abstract

            [The weakness of the International Financial System is universally conceived as a major cause of recurring financial crises that warrants introducing bold and wide ranging steps aimed at averting the disasters and mitigating human sufferings. The measures so far taken to improve the System are not enough; they touch the tip of iceberg. The asymmetric character of IMF, needs to be changed. Exchange rate stability should be ensured, the G-20 countries should be encouraged to play an enhanced role and the use of currencies other than US dollar needs to be encouraged. The situation calls for strengthening the global regulations and the ethical dimension of the recurrent global economic crisis needs to be kept in view]

            Content

            Author and article information

            Journal
            polipers
            10.2307/j50009730
            Policy Perspectives
            Pluto Journals
            18121829
            1 July 2011
            1 December 2011
            : 8
            : 2
            : 19-32
            Article
            10.2307/42909285
            10c8f122-6bc8-43ac-8d69-3eb8e0813aa6
            © 2011, Institute of Policy Studies

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.


            Education,Religious studies & Theology,Social & Behavioral Sciences,Law,Economics

            [Footnotes]

            1. First amendment in Article of Association of IMF, 1969.

            2. Second Amendment in IMF Articles of Association, 1978.

            3. IMF: Progress in Strengthening the Architecture of International Financial System, 2001.

            4. Stieglitz, Joseph E, Feldstein, Martin

            5. Stieglitz, Globalisation and its Discontents.

            6. Fasihuddin, Pakistan under IMF Shadow.

            7. The Economist, January 24-30, 2009.

            8. Volcker, "The Time We Have is Growing Short."

            9. Bootle, The Trouble with Markets.

            10. Soros, Globalisation.

            11. UN Information Centre, New Delhi, the Hindu, 26 June 2010.

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