The Future of the International Financial System

Paul Davidson

Chapter 4 in Interpreting Keynes for the 21st Century, 2007, pp 55-63 from Palgrave Macmillan

Abstract: Abstract Despite the continuing support for the “Washington Consensus” within the IMF, the World Bank and the U.S. Treasury, most astute observers of the international financial system recognize that there is something seriously wrong with the existing system. Although many recognize the symptoms of a severe malady in the system, few realize what the fundamental flaws of the system are. Accordingly, few can prescribe the correct vaccine to cure the illness and protect the international financial system from relapse.

Keywords: Central Bank; International Monetary Fund; Foreign Reserve; Equilibrium Exchange Rate; Washington Consensus (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230286559_4

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