Realistic Choice for Reforming the International Monetary System

Ruogu Li

Chapter 12 in Reform of the International Monetary System and Internationalization of the Renminbi, 2015, pp 147-166 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Each of the proposals mentioned earlier has both its rationale and un certainty. Realistically, none of them can be fully adopted in its own right. The reform of the international monetary system involves both parties of vested interests and those whose interests are hurt. This process will be one of hard bargaining between countries. At the same time, it will also be a process of evolution of the global economic order, a complex process fraught with conflicts. As no new pole has emerged in the international financial arena, the road towards reforming the international monetary system, international coordination mechanisms, and international financial institutions would be a long and twisted one. Reaching a compromise would be the only realistic choice.

Keywords: IMF; World Bank; Financial Crisis; International Monetary System; RMB; International Monetary System Reform; China; US; Dollar; Renminbi; Yuan; Currency; Exchange Rate (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814699051_0012 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814699051_0012 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789814699051_0012

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().