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Reform of the International Monetary System
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In fall 2010 and early weeks of 2011, an international group of former ministers, central-bank governors, and officials in national or international institutions convened the Palais Royal Initiative to discuss the causes and symptoms of the September 2008 global economic crisis. This book follows from that initiative. It highlights the failures of the international monetary system in the light of the crisis. The papers in the volume, contributed by leading global financial experts, discuss avenues of reform leading to a more cooperative and robust governance of the global monetary system. They elucidate the functioning of the international monetary system, the sources of its weaknesses and vulnerabilities, and the proposals for its change. The aim of the book is to stimulate a global discussion on the reforms to the international monetary system that are urgently needed. This important work initiated by the Palais Royal Group has been supported by the Emerging Markets Forum.
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