Special Report on
Reforming the International Monetary System
Reforming the International Monetary System - Trends
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The recent spate of severe financial crises has provoked an interest in international monetary reform not seen since the breakdown of the fixed exchange rate system 30 years ago. In the 1980s the Latin debt crisis was widely viewed as the result of national policy mistakes and the imprudence of U.S. banks rather than of flaws in the international financial "system." Similarly, the 1994-95 Mexican crisis was seen primarily as a hemispheric problem reflecting Mexican errors. By contrast, the recent turmoil, which started in "paragon" economies and assumed global dimensions, has stirred much introspection within ...
The People's Bank of China released this statement by Zhou Xiaochuan, the central bank's governor, on March 23, 2009. It calls for replacing the dollar as the dominant world currency and creating "an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run". The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate ... Read More
SURVEY RESULTS FOR
REFORMING THE INTERNATIONAL MONETARY SYSTEM
Senate Session 2010-04-19 (14:51:44-15 ...
Charlie Rose - Interest Rates unchanged / Ray Kelly, NYC Police Commissioner
- Statement by People's Republic Of China at the International ...
- Check against delivery Remarks by Mr. He Yafei