Part I. Key Issues of Reform
Author: Mr. Peter B. Kenen1
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
BOOK; crisis; financing; exchange rate; market; financial system; IMF policy advice; IMF Policy recommendation; IMF reform; emerging market crisis; emerging market country; Exchange rates; Emerging and frontier financial markets; Capital flows; Currencies; Global; Asia and Pacific; East Asia; Europe; Southeast Asia

Abstract

Interest in reforming the international monetary and financial system, like recent capital flows to emerging markets, tends to come in waves. It surges with crises and ebbs when calm returns, even temporarily. Interest in reform has thus surged in recent years, stimulated by the succession of crises that began with the European exchange rate mechanism (ERM) crisis of 1992-93 and continued with the “tequila” crisis of 1994-95 and, in the span of less than two years, the Asian, Russian, Long-Term Capital Management (LTCM), and Brazilian crises.

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Cover Reforming the International Monetary and Financial System
Reforming the International Monetary and Financial System
Editor: Mr. Alexander K. Swoboda and Mr. Peter B. Kenen
ISBN:
9781557758354
Publication Date:
18 Dec 2000
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557758354.071
Pages:
448