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Some considerations on the reform of the international monetary and financial system

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  • E. GRILLI

    (Johns Hopkins University)

Abstract

The paper discusses different views on the reform of the International Monetary System. It illustrates the most recent antecedents of the current debate, focusing on criteria, determinants and effects of the choice among different exchange regimes and discussing in particular the relationship between fixed exchange rates and financial crises, and the relationship between exchange rates and worldwide freedom of capital movements.

Suggested Citation

  • E. Grilli, 1999. "Some considerations on the reform of the international monetary and financial system," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 52(209), pages 195-237.
    • Handle: RePEc:psl:bnlaqr:1999:24
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10540/10425
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    References listed on IDEAS

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    More about this item

    Keywords

    Commercial Banks; International Economic Policy; Foreign Investment Regulations; Currency Stabilisation Programs; Monetary policy;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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