Advanced Search
MyIDEAS: Login to save this article or follow this journal

Replacing the failed Washington consensus

Contents:

Author Info

  • Jane D'Arista
Registered author(s):

    Abstract

    Concern about unsustainable payments imbalances in the global economy has prompted renewed interest in international monetary reform. This paper describes and evaluates six reform proposals that focus on strengthening the institutional framework for the current system. Some of these proposals advocate increased surveillance; others would create new instruments or facilities; still others propose an evolutionary path toward a new, nonnational reserve or transactions currency. But none of the proposals confront the problems posed by the changes that resulted from the privatization of the international monetary system after the collapse of the gold/dollar exchange standard. The paper argues that a new institutional structure is needed to promote stability and balance by rebuilding a channel for balance-of-payments settlements managed by authorities that represent public rather than private interests.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=8Q7686Q220817295
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

    Volume (Year): 30 (2008)
    Issue (Month): 4 (July)
    Pages: 523-540

    as in new window
    Handle: RePEc:mes:postke:v:30:y:2008:i:4:p:523-540

    Contact details of provider:
    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

    Related research

    Keywords: international monetary system; international payments imbalances; international reserve assets; Washington Consensus;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:30:y:2008:i:4:p:523-540. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.