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Special Report on

Reforming global monetary system

reforming global monetary system special research report Photo by photos.upi.com
BEIJING -- As the current global financial crisis exposes the inherent vulnerabilities and risks in the existing international monetary system, debates on creating a super-sovereign reserve currency are getting heated. Voicing his opinion, Zhou Xiaochuan, China's central bank governor, said in an article published Monday that a new super-sovereign reserve currency should replace national reserve currencies as the backbone of the global monetary system. Zhou argued that a new global reserve currency, based on a basket of major currencies and managed by a multilateral organization like the IMF, would transcend the national ...
They provide means of payment acceptable between buyers and sellers of different nationality, including deferred payment. To operate successfully, they need to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade and to provide means by which global imbalances can be corrected. The systems can grow organically as the collective result of numerous individual agreements between international economic actors spread over several decades. Alternatively, they can arise from a single architectural vision as happened at Bretton Woods in 1944.
REVIEWS AND OPINIONS
Pajamas Media » It's the Uncertainty, Stupid
as someone in his position is probably allowed to be. That’s not surprising. The economy is not performing at as it should at this stage of a “recovery.” The most visible reason why Ben is a borderline bear is because the Obama administration attempted to turn things around with an FDR-like “stimulus” instead of what has historically worked in both Democratic and Republican administrations when tried: tax cuts, tax simplification, and regulatory reform. After tax cuts first proposed by John F. Kennedy in 1961 became law in early 196 4, the economy boomed. Annual growth averaged over 6% during the next three years . ... market research, surveys and trends
IMF Survey: Reconstructing the World Economy
s the world emerges from the worst crisis in decades, the IMF is examining how macroeconomic and financial policy should be adjusted to take account of the new challenges facing global policymakers. A new IMF book, Reconstructing the World Economy , presents a number of proposals to improve the stability of the global economy in light of the recent crisis. In addition to discussing the immediate policy challenges, such as when to exit from stimulus measures, the book considers issues of a longer-term nature, such as how to correct flaws in the prevailing macroeconomic policy framework, redesign financial regulation and ... market research, surveys and trends

SURVEY RESULTS FOR
REFORMING GLOBAL MONETARY SYSTEM

IMF Survey: IMF to Focus on Strengthening Post-Crisis Global ...
aking its cue from the policy decisions coming out of the Annual Meetings in Istanbul, the IMF has adopted a work program through April 2010. The program offers an insight into the priorities of the Fund, now that the world economy is emerging from the worst economic crisis in 60 years. In this interview, Reza Moghadam, the Director of the IMF’s Strategy, Policy, and Review Department, talks us through the IMF’s near-term priorities. Beyond the immediate task of seeing the global economy out of the current crisis, high on the agenda is how to reform the IMF’s mandate, how to give dynamic emerging market and ... industry trends, business articles and survey research
Reforming the International Monetary System
rate from 1 ½ to 3 ½ percent – a move that is generally viewed as deepening .... concentrating on reforming the global reserve system rather than the ... His proposal would use the IMF's $100 billion gold reserve to guarantee repayment ... industry trends, business articles and survey research
RELATED NEWS
Euro Area: Restoring Confidence Key to Growth
efore the euro area economy could recover firmly from the global crisis, it was hit by market concerns related to the sovereign debt of some of its members. The turmoil has clouded the prospect of a strong regional and global recovery, with the IMF now projecting average growth of just 1 percent for 2010, rising to 1� percent in 2011. Strong action by members of the European Union to establish a European Stabilization Mechanism to help countries in difficulty has helped calm markets, as has austerity plans announced by a number of countries, including Greece, Ireland, Spain, and Portugal. The European Central Bank (ECB) has also ... market trends, news research and surveys resources
Is Ukraine finally getting serious about reform?
Desperate to unlock a new $14.9bn International Monetary Fund aid package, cash-strapped Ukraine moved fast this week to cut its budget deficit and adopt reforms. Still struggling to crawl out of a deep recession that saw gross domestic product plunge 15 per cent during last year’s global crisis, Kiev was pushed into action by tough-talking Fund officials. MPs and bureaucrats are now working on everything from budget deficit cuts to laws on liberalising the gas market. But Ukraine has a record of promising reforms which don’t get implemented. The big test will come when president Viktor Yanukovich has to sell his ... market trends, news research and surveys resources

INFORMATION RESOURCES

Reforming the International Monetary System: Comments on Jane D ...
monetary system should be reformed, and what role they see for the. IMF in addressing global imbalances in the future. As Mark Allen has ... technology research, surveys study and trend statistics
Reform Must Ensure Stability of Financial System
Washington — Focusing supervision too narrowly on the safety and soundness of individual financial institutions can blind regulators to emerging threats to financial stability that cut across many companies or markets, Federal Reserve Chairman Ben Bernanke says. That means that a critical building block for success in financial supervision is a requirement that all financial institutions considered “too big to fail” be subjected to consolidated supervision, Bernanke says. It means that one regulator must be responsible and able to review the full range of activities of such institutions, he added. “Before the recent financial ... technology research, surveys study and trend statistics
1 REFORMING THE INTERNATIONAL MONETARY SYSTEM Jane D'Arista and ...
concentrating on reforming the global reserve system rather than the broader international monetary system while continuing use of the dollar for ...
REAL TIME
REFORMING GLOBAL MONETARY SYSTEM
QUESTIONS AND ANSWERS
What are the biggest future issues facing CFO's and finance ...
We're doing some researcch on future challenges for finance directors and chief financial officers in financial services. I'd be very interested to hear what you think might be the biggest strategic, operational or financial challenges they will face over the next five years? I'd also appreciate details of any reports, blogs, websites, publications and conferences which have covered or are covering this particular topic? Any suggestions would be gratefully appreciated. Thank you Rohit Talwar rohit.talwar@thegff.com posted January 12, 2007 in Risk Management | Closed Share This Corporate Dynamics & Interaction ...
Why would abolishing the Federal income tax be a bad idea?
Look at how much money the personal income tax brings in. Look at the annual budget, and cut it by the amount of money that would be lost when the personal income tax is taken away. Make sure the cuts are something that have support across the board. If you can’t or won’t do that, then all this talk about eliminating income tax is just so much empty blather. dude eliminating the federal income tax is a terrible idea. yeah we pay a lot of different taxes like sales etc, but a lot of it does not go to the federal government. I don’t mind replacing the federal income tax with a different type of tax. But ...