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The Unending Search for a New Global Monetary and Financial Architecture

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  • Gerardo della Paolera

    ()
    (Global Development Network (GDN))

Abstract

This paper analyzes some key features of the global monetary and financial crisis and the limitations faced by Central Banks. It also includes a brief description for the collectively previous efforts to anchor a Global Monetary and Financial regime. The main difficulties to “globalize” banking and financial reforms are illustrated in this paper. It is concluded with some open questions concerning the threats and opportunities that this crisis presents for emerging, developing and poorer countries.

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Bibliographic Info

Paper provided by Economic Research Forum in its series Working Papers with number 553.

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Length: 14 pages
Date of creation: Oct 2010
Date of revision: Oct 2010
Publication status: Published by The Economic Research Forum (ERF)
Handle: RePEc:erg:wpaper:553

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