Stocktaking the Fund’s Engagement with Regional Financing Arrangements

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498342043
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Stocktaking the Fund’s Engagement with Regional Financing Arrangements by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Stocktaking the Fund’s Engagement with Regional Financing Arrangements written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2013-11-04 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the global financial crisis of 2008-09, regional financing arrangements (RFAs) have been recognized as an important layer of the global financial safety net. This paper summarizes the current landscape of RFAs, and discusses IMF-RFA coordination to date and options for enhancing cooperation going forward. In so doing, it intends to contribute to discussions underway at international fora and solicit views from the Fund and RFA memberships on how to enhance cooperation

Stocktaking the Fund's Engagement with Regional Financing Arrangements

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Stocktaking the Fund's Engagement with Regional Financing Arrangements by : Internationaler Währungsfonds

Download or read book Stocktaking the Fund's Engagement with Regional Financing Arrangements written by Internationaler Währungsfonds and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the global financial crisis of 2008-09, regional financing arrangements (RFAs) have been recognized as an important layer of the global financial safety net. This paper summarizes the current landscape of RFAs, and discusses IMF-RFA coordination to date and options for enhancing cooperation going forward. In so doing, it intends to contribute to discussions underway at international fora and solicit views from the Fund and RFA memberships on how to enhance cooperation.

Collaboration Between Regional Financing Arrangements and the IMF

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498346537
Total Pages : 44 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Collaboration Between Regional Financing Arrangements and the IMF by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Collaboration Between Regional Financing Arrangements and the IMF written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-07-31 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Financial Safety Net (GFSN) has expanded considerably since 2008, including in the non-traditional elements of the safety net such as Regional Financing Arrangements (RFAs). The resulting multi-layered structure of the GFSN makes collaboration between its various elements more important than in the past. Specifically, stronger collaboration between the Fund and RFAs would help increase the effective firepower of the GFSN and ensure a timely deployment of resources. The Fund’s experience in macroeconomic adjustment and its universal risk pooling would combine with the greater regional knowledge and country ownership brought the RFA. In this way, improved collaboration between the Fund and RFAs, including in co-financing, would significantly reduce the risk of contagion by encouraging countries to seek early assistance from the Fund. This paper is part of a broader set of proposals to fortify the GFSN (IMF, 2017b, c, d). It proposes both modalities for collaboration—across capacity development, surveillance, and lending—and some operational principles to help guide future co-lending between the Fund and the various RFAs. To date, the only operational guidance to facilitate collaboration has been limited to the high-level 2011 G20 Principles for Cooperation between the IMF and RFAs. Building on several case studies and the principles derived from them, this paper proposes an operational framework for future engagement. It aims to start a more structured dialogue between the Fund and individual RFAs on the modalities of how best to work together.

When Things Don't Fall Apart

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Publisher : MIT Press
ISBN 13 : 0262538520
Total Pages : 401 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis When Things Don't Fall Apart by : Ilene Grabel

Download or read book When Things Don't Fall Apart written by Ilene Grabel and published by MIT Press. This book was released on 2019-08-06 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.

Resetting the International Monetary (Non)System

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Publisher : Oxford University Press
ISBN 13 : 0191027952
Total Pages : 304 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Resetting the International Monetary (Non)System by : José Antonio Ocampo

Download or read book Resetting the International Monetary (Non)System written by José Antonio Ocampo and published by Oxford University Press. This book was released on 2017-11-10 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. International financial crises have plagued the world in recent decades, including the Latin American debt crisis of the 1980s, the East Asian crisis of the late twentieth century, and the global financial crisis of 2007-09. One of the basic problems faced during these crises is the lack of adequate preventive mechanisms, as well as insufficient instruments to finance countries in crisis and to overcome their over-indebtedness. Resetting the International Monetary (Non)System provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century and proposes a comprehensive yet evolutionary reform of the system. Criticising the ad hoc framework- a "(non)system"- that has evolved following the breakdown of the Bretton Woods arrangement in the early 1970's, Resetting the International Monetary (Non)System places a special focus on the asymmetries that emerging and developing countries face, analysing the controversial management of crises by the International Monetary Fund and proposing a consistent set of reform proposals to design a better system of international monetary cooperation. Policy orientated and structured to deal in a sequential way with the issues involved, it suggests provision of international liquidity through a system that mixes the multicurrency arrangement with a more active use of the IMF's Special Drawing Rights; stronger mechanisms of macroeconomic policy cooperation, including greater cooperation in exchange rate management and freedom to manage capital flows; additional automatic balance-of-payments financing facilities and the complementary use of swap and regional arrangements; a multilateral sovereign debt workout mechanism; and major reforms of the system's governance.

Tangled Governance

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Publisher : Oxford University Press
ISBN 13 : 0192521969
Total Pages : 415 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Tangled Governance by : C. Randall Henning

Download or read book Tangled Governance written by C. Randall Henning and published by Oxford University Press. This book was released on 2017-03-31 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tangled Governance addresses the institutions that were deployed to fight the euro crisis, reestablish financial stability in Europe, and prevent contagion to the rest of the world. Henning explains why European leaders chose to include the International Monetary Fund (IMF) in the crisis response and provides a detailed account of the decisions of the institutions that make up the troika (the European Commission, European Central Bank, and IMF). He examines the institutions negotiating strategies, the outcomes of their interaction, and the effectiveness of their cooperation. The institutional strategies of key member states, including Germany and the United States, are also explored in this study. The book locates its analysis within the framework of regime complexity, involving clusters of overlapping and intersecting regional and multilateral institutions. It tests conjectures in the regime-complexity literature against the seven cases of financial rescues of euro area countries that were stricken by crises between 2010 and 2015. Tangled Governance concludes that states use some institutions to control others, that complexity is the consequence of a strategy to control agency drift. States mediate conflicts among institutions and thereby limit fragmentation of the regime complex and underpin substantive efficacy. In reaching these conclusions, the book also answers several key puzzles, including why Germany and other northern European countries supported IMF inclusion despite its adopting positions opposed to their preferences; why crisis fighting arrangements endured intense conflicts among the institutions; and, finally, why the United States and the IMF promoted further steps to complete the monetary union.

Crisis Program Review

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Publisher : International Monetary Fund
ISBN 13 : 1498344038
Total Pages : 74 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Crisis Program Review by : International Monetary Fund

Download or read book Crisis Program Review written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-11 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an updated review of Fund-supported programs undertaken during the global financial crisis. It follows a series of previous reviews during 2009–12 that assessed program design and outcomes during the surge in Fund supported programs since 2008. The review covers experience during 2008–15 for 32 arrangements financed from the Fund's general resources account (GRA). It covers 27 countries for which arrangements were approved during September 2008–June 2013, with two years or more of program performance.

Global Financial Governance Confronts the Rising Powers

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096182
Total Pages : 352 pages
Book Rating : 4.9/5 (28 download)

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Book Synopsis Global Financial Governance Confronts the Rising Powers by : C. Randall Henning

Download or read book Global Financial Governance Confronts the Rising Powers written by C. Randall Henning and published by McGill-Queen's Press - MQUP. This book was released on 2016-10-17 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Financial Governance Confronts the Rising Powers addresses the challenge that the rising powers pose for global governance, substantively and institutionally, in the domain of financial and macroeconomic cooperation. It examines the issues that are before the G20 that are of particular concern to these newly influential countries and how international financial institutions and financial standard-setting bodies have responded. With authors who are mainly from the large emerging market countries, the book presents rising power perspectives on financial policies and governance that should be of keen interest to advanced countries, established and evolving institutions, and the G20.

From Centralised to Decentralising Global Economic Architecture

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Author :
Publisher : Springer Nature
ISBN 13 : 9811920419
Total Pages : 239 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis From Centralised to Decentralising Global Economic Architecture by : Pradumna B. Rana

Download or read book From Centralised to Decentralising Global Economic Architecture written by Pradumna B. Rana and published by Springer Nature. This book was released on 2022-10-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the recent rise of new regional economic institutions such as the Chiang Mai Initiative Multilateralisation, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Partnership, which were established, in part, as a result of dissatisfaction of dynamic emerging markets with global economic institutions such as the IMF, the World Bank, and the GATT/WTO. The latter were formed by advanced economies in the West, after the historic Bretton Wood Conference of 1944. In doing so, the book addresses how this recent round of decentralisation, defined as the co-existence of “senior” global institutions and a plethora of newly-established regional institutions, has affected global economic governance, and the delivery of global public goods. It also poses the question if this has led to the fragmentation of global economic governance. The book adds value to existing literature by using a benefit-risk analytical framework to study the decentralisation process. Unlike the “contested multilateralism” argument used by some authors which focuses on the costs of decentralisation, the authors argue that benefits must also be considered. It also describes and analyses the establishment of global and regional international economic institutions and the evolving relationships between the two. Third, the authors argue that this decentralisation process will continue in the postpandemic period and recommend policies to reset the relationship between global and regional institutions. And lastly, the book discusses proposals to reform the international monetary system including the global reserve system with a view to reducing the hegemony of the US dollar. Throughout the book, the role for Asia is also identified, and elaborated on.

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192674226
Total Pages : 801 pages
Book Rating : 4.1/5 (926 download)

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Book Synopsis by :

Download or read book written by and published by Oxford University Press. This book was released on with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The G-20 Summit at Five

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Publisher : Brookings Institution Press
ISBN 13 : 0815725922
Total Pages : 312 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The G-20 Summit at Five by : Kemal Dervis

Download or read book The G-20 Summit at Five written by Kemal Dervis and published by Brookings Institution Press. This book was released on 2014-07-18 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can the G-20 become a steering committee for the world's economy? Launched at a moment of panic triggered by the financial crisis in late 2008, the leaders' level G-20 is trying to evolve from crisis committee for the world economy to a real steering group facilitating international economic cooperation. What can and should such a "steering committee" focus on? How important could the concrete gains from cooperation be? How much faster could world growth be? Is there sufficient legitimacy in the G-20 process? How does the G-20 relate to the IMF and the World Bank? How can Australia in 2015, and then Turkey in 2016, chair the process so as to encourage strategic leadership? The East Asian Bureau of Economic Research in the Crawford School of Public Policy at the Australian National University and the Global Economy and Development program at the Brookings Institution joined forces in putting together this volume and asked opinion leaders and policymakers from G-20 countries to provide their independent perspectives. Contributors include Colin Bradford (Brookings), Peter Drysdale (Australian National University), Kemal Dervis (Brookings), Andrew Elek (Australian National University), Ross Garnaut (University of Melbourne), Huang Yiping (China Center for Economic Research), Bruce Jones (Brookings), Muneesh Kapur (IMF), Homi Kharas (Brookings), Wonhyuk Lim (Korea Development Institute), Rakesh Mohan (IMF), David Nellor (consultant, Indonesia), Yoshio Okubo (Japan Securities Dealers Association), Mari Pangestu (Republic of Indonesia), Changyong Rhee (former Asian Development Bank), Alok Sheel (Government of India), Mahendra Siregar (Republic of Indonesia), Paola Subacchi (Chatham House, London), Carlos Vegh (Brookings), Guillermo Vuletin (Brookings), and Maria Monica Wihardja (World Bank).

When East Asia Meets Southeast Asia: Presence And Connectedness In Transformation Revisited

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Publisher : World Scientific
ISBN 13 : 9811250677
Total Pages : 403 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis When East Asia Meets Southeast Asia: Presence And Connectedness In Transformation Revisited by : Yumi Kitamura

Download or read book When East Asia Meets Southeast Asia: Presence And Connectedness In Transformation Revisited written by Yumi Kitamura and published by World Scientific. This book was released on 2022-10-04 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book intends to examine the relationship between East Asia and Southeast Asia across three themes: historical perspectives, economic flows of capital and people, and socio-cultural connections. While a substantial number of chapters in the book focus on overseas Chinese (living in Indonesia) and their connections with China and Taiwan historically and contemporarily, they also provide in-depth knowledge of international relationship between East Asia and Southeast Asia.Part One, 'Contending Regional Approaches', consists of four chapters that help readers understand the involvement of East Asia from a historical context. The first chapter on Taiwan before 1975 is followed by a chapter on Taiwan's strategy toward Southeast Asia after the 1980s. The remaining two chapters focus on China-Southeast Asia and Japan-Southeast Asia relations.Part Two, 'Economic Flows of Capital & People', consists of six chapters that mainly examine the flow of capital and people between Indonesia and Taiwan from the colonial period to the present and how this flow changed both societies.Part Three, 'Socio-Cultural Connections', consists of three chapters. This part is a unique contribution to the scholarship that focuses on the transformation of both traditional and popular culture among Southeast Asia, China, and Taiwan by focusing on different agents.

The Institutional Topology of International Regime Complexes

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Publisher : Oxford University Press
ISBN 13 : 0198881924
Total Pages : 305 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Institutional Topology of International Regime Complexes by : Benjamin Daßler

Download or read book The Institutional Topology of International Regime Complexes written by Benjamin Daßler and published by Oxford University Press. This book was released on 2023-10-05 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The implicit topology of international institutional complexes varies greatly across policy areas. In some areas, the lion's share of everyday policy cooperation is shaped by a single institution with alternative and more regional institutions operating in its shadow. In other policy fields, institutional structures appear to be different, seeing a range of non-hierarchical, decentralized, alternative institutions. The Institutional Topology of International Regime Complexes: Mapping Inter-Institutional Structures in Global Governance provides a systematic conceptualization and explanation of the evolution of these varying institutional topologies underlying regime complexes across five issue areas of Global Governance: Intellectual Property Protection, Tax Avoidance, Financial Stability, Development Aid, and Energy Governance. By providing an empirically grounded, network-based conceptualization and mapping of institutional topologies, as well as a theoretical explanation for their variation across policy space and time, the book offers a comprehensive analysis of both the empirical manifestation of inter-institutional structures across various policy fields of Global Governance and the issue specific factors that shape the varying institutional trajectories spurring (de-) centralization. Daßler combines quantitative network analyses with qualitative case studies to trace institutional decentralization processes across five highly relevant issue areas of Global Governance. This volume shows how the nature of issue-specific cooperation problems translates into disparate structures among multilateral institutions occupying the same regime complex. In light of growing concerns about the future trajectories of Global Governance in times of heightened geopolitical tensions, Daßler offers a fresh perspective to comparatively capture the profoundly varying institutional landscapes across different issue areas and their associated challenges and benefits of multilateral cooperation. Transformations in Governance is a major academic book series from Oxford University Press. It is designed to accommodate the impressive growth of research in comparative politics, international relations, public policy, federalism, and environmental and urban studies concerned with the dispersion of authority from central states to supranational institutions, subnational governments, and public-private networks. It brings together work that advances our understanding of the organization, causes, and consequences of multilevel and complex governance. The series is selective, containing annually a small number of books of exceptionally high quality by leading and emerging scholars. The series is edited by Liesbet Hooghe and Gary Marks of the University of North Carolina, Chapel Hill, and Walter Mattli of the University of Oxford.

Renegotiating the World Order

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Publisher : Cambridge University Press
ISBN 13 : 110810794X
Total Pages : 343 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Renegotiating the World Order by : Phillip Y. Lipscy

Download or read book Renegotiating the World Order written by Phillip Y. Lipscy and published by Cambridge University Press. This book was released on 2017-06-09 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rising powers often seek to reshape the world order, triggering confrontations with those who seek to defend the status quo. In recent years, as international institutions have grown in prevalence and influence, they have increasingly become central arenas for international contestation. Phillip Y. Lipscy examines how international institutions evolve as countries seek to renegotiate the international order. He offers a new theory of institutional change and explains why some institutions change flexibly while others successfully resist or fall to the wayside. The book uses a wealth of empirical evidence - quantitative and qualitative - to evaluate the theory from international organizations such as the International Monetary Fund, World Bank, European Union, League of Nations, United Nations, the International Telecommunications Satellite Organization, and the Internet Corporation for Assigned Names and Numbers. The book will be of particular interest to scholars interested in the historical and contemporary diplomacy of the United States, Japan, and China.

国际公共产品:变革中的中国与世界

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Author :
Publisher : BEIJING BOOK CO. INC.
ISBN 13 :
Total Pages : 477 pages
Book Rating : 4./5 ( download)

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Book Synopsis 国际公共产品:变革中的中国与世界 by : 王逸舟主编

Download or read book 国际公共产品:变革中的中国与世界 written by 王逸舟主编 and published by BEIJING BOOK CO. INC.. This book was released on 2021-11-13 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: 本书围绕“对国际公共产品的理论研究”、“区域性公共产品”、“国际公共产品供给的问题与出路”、“中国与国际公共产品供给”议题展开讨论。

Monetary Policy Coordination and the Role of Central Banks

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484362896
Total Pages : 34 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Monetary Policy Coordination and the Role of Central Banks by : Rakesh Mohan

Download or read book Monetary Policy Coordination and the Role of Central Banks written by Rakesh Mohan and published by International Monetary Fund. This book was released on 2014-04-29 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE central banks need to acknowledge and appreciate the spillovers resulting from such UMPs. Central banks of the AEs, who have set up standing mutual swap facilities, should explore similar arrangements with other significant EMEs with appropriate risk mitigation measures. These initiatives could do much to actually curb volatility in global financial markets and hence in capital flows to EMEs, thus obviating the need for defensive policy actions on the part of EMEs.

Monetary Stability as a Common Concern in International Law

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Author :
Publisher : BRILL
ISBN 13 : 9004508732
Total Pages : 225 pages
Book Rating : 4.0/5 (45 download)

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Book Synopsis Monetary Stability as a Common Concern in International Law by : Lucía Satragno

Download or read book Monetary Stability as a Common Concern in International Law written by Lucía Satragno and published by BRILL. This book was released on 2022-02-28 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The open access publication of this book has been published with the support of the Swiss National Science Foundation. In Monetary Stability as a Common Concern in International Law, Lucía Satragno argues that monetary stability is a global public good that must be promoted and protected at all levels of governance. In doing so, the book accomplishes two tasks. On one hand, it provides an up to date analysis of the role of law and institutions in the international monetary field since the collapse of the Bretton Woods system. On the other hand, it applies the methodological approach proposed by the novel doctrine of Common Concern of Humankind to monetary stability as a case study. Accordingly, the book examines not only the status quo of the international monetary system, but also looks at the ‘new and different realism’ that would be envisaged in monetary affairs in the case of a fully-fledged principle of Common Concern.