Some considerations on the reform of the international monetary and financial system

E. Grilli
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E. Grilli: Johns Hopkins University

BNL Quarterly Review, 1999, vol. 52, issue 209, 195-237

Abstract: The paper discusses different views on the reform of the International Monetary System. It illustrates the most recent antecedents of the current debate, focusing on criteria, determinants and effects of the choice among different exchange regimes and discussing in particular the relationship between fixed exchange rates and financial crises, and the relationship between exchange rates and worldwide freedom of capital movements.

Keywords: Commercial Banks; International Economic Policy; Foreign Investment Regulations; Currency Stabilisation Programs; Monetary policy (search for similar items in EconPapers)
JEL-codes: E02 E5 (search for similar items in EconPapers)
Date: 1999
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