The global monetary system–the structure that governs financial relations between nations
and their macroeconomic policies–plays an indispensable role in the smooth functioning of …

The global economic crisis of 2007–2009 generated calls to rethink the international
monetary system, and indeed, the entire institutional framework within which international …

Monetary economies exist within an international context characterized by the given
international monetary system and a hierarchy of currencies. The international monetary …

Most scholarship on monetary power has emphasized the experiences of the twentieth
century, and in particular, 1914-1989, the period between the First World War and the end of …

Over the last decade, the world economy has been characterised by escalating global
current account imbalances between the United States (US) and East Asia in particular. This …

The difficulty of organizing the world monetary order is well illustrated by the history of
international monetary relations. As it has evolved through time, the structural framework of …

Distinguishing between two different schools of thought that are named after two different
universities, Harvard and Berkeley, the article looks at the evolution, past and future, of the …

The Bretton Woods Conference of 1944 resulted in the formation of the International
Monetary Fund and World Bank and helped lay the foundation for an unprecedented …

In the two decades prior to publication of this 1994 book, international monetary relations
had been characterised by latent instability, and then by severe tensions. Yet the issue of …

This essay argues that the Achilles heel of the international monetary and financial system is
that it amplifies the" excess financial elasticity" of domestic policy regimes, ie it exacerbates …