Getting it Right: What to Reform in International Financial Markets

Eduardo Fernandez-Arias and Ricardo Hausmann

No 3952, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper provides an overview and assessment of reform initiatives, both those currently on the table and those that are not but should be. The intent is to clarify the logic behind these proposals and assess them from a Latin American perspective. For each core initiative examined in this paper, whether currently on the table or proposed for consideration, the authors first identify which of the main distortions, identified in the companion paper, it addresses. The overall conclusion is that the current approach to reforming the international financial architecture is not appropriate for the task and a paradigm shift is required. This paper was presented at the Tenth International Forum on Latin American Perspectives in Paris, November 25-26, 1999.

Keywords: international finance; financial support; capital market (search for similar items in EconPapers)
Date: 2000-08
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Working Paper: Getting it Right: What to Reform in International Financial Markets (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:3952

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