IDEAS home Printed from https://ideas.repec.org/a/aic/journl/y2009v56p202-209.html
   My bibliography  Save this article

Redefining the role of international monetary fund in the light of the current economic and financial crisis

Author

Listed:
  • Gheorghe Voinea
  • Sorin Gabriel Anton

    () (Finance, Money and Banking Department, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University)

Abstract

By any measure, the current economic recession is the worst since the 1930s. The unprecedented global financial and economic crisis that started in 2007 has had a profound impact on the work of international financial institutions. The reform of the international financial system represents an important topic nowadays. The paper proposes far-reaching reforms of the International Monetary Fund in order to address the global financial crisis. The paper analyses reforms covering following areas: lending framework, the IMF’s lendable resources, creation of a new international reserve currency, enhanced surveillance, and governance.

Suggested Citation

  • Gheorghe Voinea & Sorin Gabriel Anton, 2009. "Redefining the role of international monetary fund in the light of the current economic and financial crisis," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 202-209, November.
  • Handle: RePEc:aic:journl:y:2009:v:56:p:202-209
    as

    Download full text from publisher

    File URL: http://anale.feaa.uaic.ro/anale/resurse/18_F14_Voinea_Anton.pdf
    Download Restriction: no

    File URL: http://anale.feaa.uaic.ro/anale/en/Arhiva%202009%20Voinea_Anton/274
    Download Restriction: no

    References listed on IDEAS

    as
    1. José Ocampo, 2007. "The Instability and Inequities of the Global Reserve System," International Journal of Political Economy, Taylor & Francis Journals, vol. 36(4), pages 71-96.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2009:v:56:p:202-209. 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: (Sireteanu Napoleon-Alexandru). General contact details of provider: http://edirc.repec.org/data/feaicro.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.