Reform of the International Monetary System

The Palais Royal Initiative

Business & Finance, Economics, Development & Growth
Cover of the book Reform of the International Monetary System by , SAGE Publications
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9788132118923
Publisher: SAGE Publications Publication: November 8, 2011
Imprint: Sage Publications Pvt. Ltd Language: English
Author:
ISBN: 9788132118923
Publisher: SAGE Publications
Publication: November 8, 2011
Imprint: Sage Publications Pvt. Ltd
Language: English

September 2008 saw the United States financial system at the edge of collapse, with the tightly integrated global financial system following close behind. But that was only a symptom of the problems that generated the ensuing crisis. The more fundamental cause lay in some of the practices that had developed in many of the major financial institutions. The emergence of perverse incentives helped create a credit bubble that eventually burst. But even these failures of the financial system, by themselves, would have been unlikely to cause a crisis of the scale that the world confronted. The crisis was fostered by the massive expansion of liquidity that developed in the global financial system-and its inevitable impact on interest rates and the search for yield that those low rates created. That, in turn, was a result of failures within the International Monetary System.

The book will help anyone who is seeking to understand how the International Monetary System works, the sources of its weaknesses and vulnerabilities, and the proposals for the change. The Report of the Palais Royal Initiative and the other papers in this book will help stimulate a global discussion of the reforms to the International Monetary System that are so urgently needed.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

September 2008 saw the United States financial system at the edge of collapse, with the tightly integrated global financial system following close behind. But that was only a symptom of the problems that generated the ensuing crisis. The more fundamental cause lay in some of the practices that had developed in many of the major financial institutions. The emergence of perverse incentives helped create a credit bubble that eventually burst. But even these failures of the financial system, by themselves, would have been unlikely to cause a crisis of the scale that the world confronted. The crisis was fostered by the massive expansion of liquidity that developed in the global financial system-and its inevitable impact on interest rates and the search for yield that those low rates created. That, in turn, was a result of failures within the International Monetary System.

The book will help anyone who is seeking to understand how the International Monetary System works, the sources of its weaknesses and vulnerabilities, and the proposals for the change. The Report of the Palais Royal Initiative and the other papers in this book will help stimulate a global discussion of the reforms to the International Monetary System that are so urgently needed.

More books from SAGE Publications

Cover of the book Violence and Maltreatment in Intimate Relationships by
Cover of the book Coping with Stress at University by
Cover of the book Nursing and Collaborative Practice by
Cover of the book Economic Impact of HIV/AIDS on Households by
Cover of the book The Idea of Ancient India by
Cover of the book Exploring Talk in School by
Cover of the book Multidimensional Scaling by
Cover of the book Media and Society by
Cover of the book Effective Commissioning in Health and Social Care by
Cover of the book Dare to Lead by
Cover of the book The Research Funding Toolkit by
Cover of the book Punishment and Civilization by
Cover of the book Digital Storytelling in the Classroom by
Cover of the book Writing in Sociology by
Cover of the book Survey Research Methods by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy