Special Report on
Reforming global monetary system
Reforming global monetary system - Trends
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The contemporary debate about globalization has a very large impact on the structure and the practices of international public finance. As many critics are calling for reform of the IMF and World Bank, others fear the consequences of the continued dominance of less developed countries by the wealthy few. The games of power politics and economics play out even less equitably in the globalized world, according to the anti-globalizers. Undoubtedly, however, and despite the recent financial crisis, current trends show that private capital flows are high; institutional investors are more inclined to use their ...
orld economic governance needs to move towards a Bretton Woods III involving effective supervision of all structural imbalances by the IMF, greater resources for the IMF along with fundamental reforms of that institution, and a shift from the dollar as dominant international reserve currency. This requires cooperation between the G3 – the US, China and the EU. From ancient Rome to Britain until World War One, the world economic hegemon has always provided the currency for its sphere of influence. At the 1944 Bretton Woods Conference the torch was passed from the pound to the dollar despite ... Read More
SURVEY RESULTS FOR
REFORMING GLOBAL MONETARY SYSTEM
President Obama on Wall Street Reform Vote
President Obama Hails Progress on Wall Street Reform
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